Part A: Computerise Bean’s Coffee’s Accounts on MYOB & Prepare End of the Year FinancialReportsDescription:This assessment task is given as a progressive assessment with different milestones achieved at differentstages of learning throughout the term – with parts completed over the duration of the term. As the learnerswill practice the MYOB software using MYOB guide, the assessment tasks will be completed in tandem withpractical lessons at chapter level; with the trainer/assessor allocating each milestone task atappropriate stage.It is strongly advised that learners who are not familiar with MYOB attend all the learning sessions as theyassessment tasks will be completed in conjunction with class room lessons each week.Note: The MYOB guide also contains assessment tasks. However, those tasks could be used as practiceassessment activities. A major assessment task for this unit is described below.Scenario:Bean’s Coffee is a family owned private business operating a busy coffee shop in the citycentre. The shopemploys fifteen workers on the shop floor and five administrative staff members in the back office. Apart fromoperating the coffee shop, the company also imports and distributes its coffee beans to other coffee shopsacross Australia.While the coffee shop returned a total turnover of $1.85 million in the last financial year, the wholesale ofcoffee beans generated revenue of $0.8 million. In this current financial year, the company is looking to expandboth its retail and wholesale businesses with plans for two more coffee shops and expansion of coffee beansdistribution to other parts of the country. The company has a number of shareholders from within the familyand managed by Mrs Bean’s and her husband.An Excel data file with a trial balance is provided of this task. Make sure that you have the data file beforeundertaking this task. You will also need a working copy of MYOB Premier or Accounting Plus (Student Version)to complete this assessment. Inform your trainer/assessor if a student version of MYOB is not installed on yourmachine.
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