1. What are the challenges posed by the existence of various types of information systems in the enterprise? How can these challenges be addressed?
2. How can you identify possible causes for the out of balance amount if Sales Detail Report and Purchase Detail Report are out of balance in MYOB? There are a few different reasons as to why the out of balance amount might happen. Expain three possible causes for the out of balance amount.
3. When you decide to write off a bad debt, you need to reflect this in your MYOB. Bad debts are a reversal of the original sale, but the transaction is allocated to a bad debts expense account. Explain briefly how to create bad debts expense account.
4. You are instructed to record in MYOB for purchasing a desk, chair and computer for $9,900 (including GST) from Richard Business Supplies of which details has been already recorded as a supplier in the MYOB. Briefly describe how to record the buying transaction via Banking Command Centre of MYOB
5. To what extent should management monitor employee performance by, for example, using software to track keystrokes per hour or some other unit of time? If such information is collected, how should it be used?
6. Explain briefly what linked accounts are, which accounting principle the linked accounts based on and how do you view & edit the linked accounts. If the linked accounts change, how will this be effected?
7. You are required to compare the results of your printed reports and the results of reports of the MYOB assignment book in your MYOB assignment. If it is assumed that two results of the reports are different, write down the possible reasons of the difference based on your experience.
8. What activities convert raw data to make information in information systems? What is their relationship to feedback?