ACCY901 Accounting Foundations for Professionals - Assessment 3

ACCY901 Assessment 3: MYOB Exercise

Task:
By reviewing the case study of First National Real Estate on the MYOB website
(https://www.myob.com/au/enterprise/case-studies/first-national), you are required to write a report addressing the following tasks:
1. Outline the specific functions provided by MYOB software.
2. Discuss the problems of using a manual accounting system.
3. Outline the benefits of using an online accounting software tool.
4. Discuss three (3) specific economic transactions that would take place at First National Real Estate, detail how MYOB would be used and useful.
5. Discuss any limitations or risks that First National Real Estate may face in the implementation of MYOB.