ACCY901: MYOB – Accounting Foundations For Professionals – Report Writing Assessment Answer

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 D_AI_DCHE_B
Code: ACCY901
MYOB Accounting Foundations For Professionals Assessment Answer
Assignment Task: ACCY901
MYOB is a leading provider of business management solutions for small to medium size organizations in areas including accounting, payroll, job management, and financial reporting.

Background

First National Real Estate is a real estate network with offices across Australia and New Zealand. In operation since 1981, they provide administrative services, marketing, and training to its members. First National has been an MYOB Greentree customer for over two decades, using it to manage business procedures, financial reporting, and compliance
1
.

ACCY901: Tasks
By reviewing the case study of First National Real Estate on the MYOB website, you are required to write a report addressing the following tasks:

Outline the specific functions provided by MYOB software.

Discuss the problems
of
using a manual accounting system.

Outline the benefits of using an online accounting software tool.

Discuss three (3) specific economic transactions that would take place at
First 
National Real Estate, detail how MYOB would be used and useful.

Discuss any limitations or risks that First National Real Estate may face in the implementation of MYOB.

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