Report (30%) - Submit hardcopy
Overall Study of Internal Control - Study the overall system and identify good internal control procedures that the company is currently practising and explain how the implementation of the computerised accounting system can benefit the company in the future (your answer must include relevant in-built internal controls available in the accounting software)
ACCPAC Printouts/Reports - Convert the manual accounting system to a computerised system using GL module, AR module and AP module of Sage ACCPAC ERP version 5.4. You are required to computerise the General Ledger, Accounts Receivable and Accounts Payable subsidiary ledgers on 1 June 2004, enter and post the transactions for the month of June 2004, and print the necessary ACCPAC reports and financial statements.
Individual Reflection (5%) - Submit using blog
Each student must submit his/her individual reflection covering the following areas:
- What is my individual contribution to the group project?
- What are the soft skills that I've learnt from the group project?