Go to Reporting/ Reports/ Business Reports/ Budget Management
and enter the amounts for January
. These may be copied across to give a full year
budget. Save the budget, giving it a name as requested.
(ii) Enter the transactions above. It is best to enter the transactions in the chronological
order given. Transactions between the owner and the business which are to do with
goods and services are subject to GST.
(iii) Prepare a Profit and Loss Statement for the month ending 31 January which includes
(25 marks)Page 8
(iv) Prepare a Job Profit and Loss Report for the month ending 31 January 2021.
(v) Prepare a Balance Sheet as at 31 January 2021.
For the three reports in (iii) to (v) select the
button and create a pdf. Save using the
title of the report and your student number.
SECTION B: SYSTEMS DEVELOPMENT STRATEGIES
Your friend Chris Ian operates a small trading business buying and selling Rare Earth
Elements called Gladis Metal PTY. They deal in very high value items and sales are not
frequent. Chris runs the business and employs two other staff. Chris has heard about MYOB
Essentials and is keen to adopt it for her business and asks you to advise her. When you look
at Romney and Steinbart, chapter 22, it appears to be aimed at large corporations and you
are not sure how relevant it is to small businesses. However, a classmate has suggested that
while physical design might not have relevance, a feasibility analysis might prove useful.
Suggested word count 600 to 800 words. No report format is required; just label your
answers (i) and (ii)
A marking grid for Section B is included in Appendix B.
(i) Discuss at least three aspects of a feasibility analysis (p
. 725 onwards) which may be
applied in assessing the suitability of MYOB Essentials to Gladis Metal PTY.
(ii) The physical design (p
. 721) lists aspects to be considered under this heading
whether any aspects of this might require looking at if MYOB Essentials is to be
(20 marks)Page 9
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