Another unit done – cash accounting

Another assignment out of the way. Had a little difficulty with the manual journalling – I am so used to MYOB doing it all automatically for me. Still not sure I got it right, the workbook was a little ambiguous in places. Bottom line the trial balance went ok, and my assets = liability + equity.

Here’s a look at what I’ve done so far, and what I’ve left to do in this course.

Completed:

• Principles of practice in financial services industry
• Communicate in the workplace
• Use technology in the workplace
• Establish/maintain cash accounting system

What’s left:

• Health & Safety practices in the workplace
• Establish/maintain accrual accounting system (on this now)
• Prepare financial statements
• Establish/maintain payroll system
• Business activity statements
• Bookkeeping policies & practices
• Asset & Inventory records
• Deliver professional service to customers
• Resolve disputes
• MYOB 17

Some of these should be helpful, some a boring waste of time.