TEMASEK BUSINESS SCHOOL DIPLOMA IN ACCOUNTING AND FINANCE AY2012/13 JUNIOR YEAR

BAF 2003 COMPUTERISED ACCOUNTING SYSTEM PROJECT PHASE 1

Plagiarism is not accepted. Marks will be deducted for materials directly lifted from textbooks. Disciplinary actions will be taken for groups who cut and paste ACCPAC reports.

The CAS Project for AY 2012/2013 will be conducted in 2 phases. For Phase 1, you are required to work in a team of between 5 to 6 members. You will go through the Accounting Practice Set (as you did in Financial Accounting 2) and derive the entries for all the source documents. In addition, you will be required to determine which source documents will be entered in which ACCPAC Module, if any. This will be in preparation for Phase 2 of your project. To aid in the completion of this phase, please use the Summary of Source Documents for your submission. You are given 3 weeks to complete this component. Your submission is due on 25 May 2012 by 5pm latest. Thereafter, Phase 2 will be released on the week of 21 May 2012 at your face-to-face lecture. This component is worth 10% of your total project grade and it is imperative that you take this phase seriously as this will facilitate and aid in ensuring accuracy in your whole project. There will be Project Phase 1 debrief on the week of 28 May 2012.

1 BAF2003 Computerised Accounting System AY2012/13 Project Phase 1

Summary of Source Documents (Based on Accounting Practice Set Project)

Source Document 1 2 SD1 SD2 Suppliers Invoice 04/0277 Payment Voucher 2304 Letter & Interoffice Memo for Inv 5646 Delivery Order 79807 Credit Note 2600 for Inv 5646
Entry in ACCPAC Module

Companys Name Hang Zang Transport & Trading Co. Hang Zang Transport & Trading Co.

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

3 4 5

SD3 SD4 SD5

Excel Canada Wire (Trade Debtor) Letter: Return of defective goods Memo: To issue credit note Amery Airfreight Corporation Goods returned by Excel Canada Wire Excel Canada Wire (Trade Debtor) (Canada) NO GST

SD6

Tax Invoice 5777

Benzen Oil & Gas Sdn Bhd (Malaysia) NO GST (Trade Debtor)

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

Source Document 7 SD7 Remittance Advice Chq 869062 For Inv 5723 Bill (Private Parking Dept) MK24-768 Payment Voucher 2305 Tax Invoice 5778

Entry in ACCPAC Module

Companys Name NBS-SIN Supplies & Services Pte Ltd (Trade Debtor) Private Parking Department

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

SD8

SD9

Private Parking Department Use Account #9164 and #1200 Serene Enterprises Co Ltd (Trade Debtor) (Thailand)

10

SD10

11

SD11

Payroll Instruction for June 2004 to NBS Bank

Employees Salary for June 2004

12

SD12

Letter to CFPB For May 2004 Contribution Interoffice Memo

CPF Board

13

SD13

To pay CPF Board

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

Source Document 14 SD14 Payment Voucher 2306 Remittance Advice For inv 5721 Suppliers Invoice 6376

Entry in ACCPAC Module

Companys Name CPF Board

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

15

SD15

Candy Electric (S) Private Limited (Trade Debtor) Falcon Pte Ltd (Trade Creditor)

16

SD16

17 18

SD17 SD18

Brochure with reply form Payment Voucher 2307 Suppliers Invoice 4653/06 Suppliers Invoice 19215 Letter: Purchases Returns: 017763

Seminar on 5 July 2004 for 2 person $42 per head for SMA member (inclusive of GST) Singapore Manufacturers Association Seminar on 5 Jul 04 $42 per head for SMA member (inclusive of GST) Duraflex Co Ltd (Trade Creditor) SL Enterprises (Trade Creditor) KMP Products (Trade Creditor)

19 20 21

SD19 SD20 SD21

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

Source Document 22 SD22 Tax Invoice 5779

Entry in ACCPAC Module

Companys Name Kings Instruments (S) Pte Ltd (Trade Debtor)

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

23

SD23

24 25

SD24 SD25

Remittance Advice May Commission Revenue captured in May 2009 CBC91190 Entertainment/ Travel Claim form Hotel Bill

Duraflex Co Ltd

Andy Lee (Employee) SD Avenue Hotel from Andy Lee

26

SD26

Payment Voucher 2308

Andy Lee Use account #9410 for the expense portion

27 28

SD27 SD28

Tax Invoice 5780 Remittance Advice For Inv 5772

AZ Singapore Pte Ltd (Trade Debtor) Kamey Companies International Pte Ltd (Trade Debtor)

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

Source Document 29 SD29 Suppliers Invoice R06-345

Entry in ACCPAC Module

Companys Name Lion Control Pte Ltd (Trade Creditor)

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

30

SD30

Remittance Advice For Inv 5774 Official Receipt for medical claim (047666) Petty Cash Voucher 201 Suppliers Invoice 9405 Suppliers Invoice 16160 Payment Voucher 2309

Candy Electric (S) Private Limited (Trade Debtor)

31 32 33

SD31 SD32 SD33

Rocher Central Clinic (Sally Yip) Sally Yip (Employee) Eternity Resort & Country Club (John Long an employee) Innovative Software Pte Ltd

34

SD34

35

SD35

Innovative Software Pte Ltd

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

Source Document 36 SD36 Telecom Bill

Entry in ACCPAC Module

Companys Name Telecomm Pte Ltd Take note of prepayment, actual expense and GST component. Assume that calls made in May are recorded as June expense.

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

37

SD37

Water & Electric Board Bill

Water & Electric Board (Previously accrued) Take note of GST component

38

SD38

Tax Invoice 5781

ABC Singapore (Trade Debtor)

39

SD39

Credit Note EXP 156 (017763) Invoice 4096/06 Petty Cash Voucher 202

KMP Products (Trade Creditor)

40 41

SD40 SD41

Fat Kee Stationery & Supplies Ltd Sally Yip (Employee)

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

Source Document 42 43 SD42 SD43 Suppliers Invoice 3372 Interoffice Memo & Payment Voucher 2310 Fax transmission & Interoffice Memo for sales returns Credit Note 2601 For Inv 5781

Entry in ACCPAC Module

Companys Name Quality Computer Pte Ltd Quality Computer Pte Ltd Fixed Assets are subjected to monthly depreciation

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

44 45

SD44 SD45

ABC Singapore (Trade Debtor) Do not write off inventories. ABC Singapore (Trade Debtor)

46 47

SD46 SD47

Suppliers Invoice SIN475511 Payment Voucher 2311

EGO International (S) Pte Ltd EGO International (S) Pte Ltd

48 49

SD48 SD49

Official Receipt for taxi claim (SH8888) Petty Cash Voucher 203 Official Receipt for refreshment claim (0426)

Towncab Pte Ltd (Imran Rahman) Imran Rahman (Employee)

50

SD50

Ong Chin Huat Confectionery Shop (Grace Ong)

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

Source Document 51 SD51 Petty Cash Voucher 204 Letter: Purchases Returns: 19215 Tax Invoice 5782

Entry in ACCPAC Module

Companys Name Grace Ong (Employee)

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

52 53

SD52 SD53

SL Enterprises (Trade Creditor) Anchor Shipyard Pte Ltd (Trade Debtor)

54 55

SD54 SD55

Interoffice memo Void documents Interoffice Memo Petty Cash reimbursement Payment Voucher 2313

PV 2312, chq: 657484 & 657485 See what ACCPAC can do? Petty Reimbursement

56

SD56

Credit Note: 835 For Inv 19215

SL Enterprises (Trade Creditor)

57 58

SD57 SD58

Payment Voucher 2314 Remittance Advice

Mirocard Engineering & Consulting Services (Trade Creditor) Mirocard Engineering & Consulting Services

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

Source Document & Cheque Payment 59 60 61 62 SD59 SD60 SD61 SD62 Payment Voucher 2315 Remittance Advice & Cheque Payment Payment Voucher 2316 Remittance Advice & Cheque Payment Interoffice Memo & Official Receipt

Entry in ACCPAC Module

Companys Name (Trade Creditor) Falcon Pte Ltd (Trade Creditor) Falcon Pte Ltd (Trade Creditor) Lion Control Pte Ltd (Trade Creditor) Lion Control Pte Ltd (Trade Creditor) Sale of Fixed Assets: 4 executive chairs purchased on 31/12/99 at $200 each Received $214 (inclusive GST) from Mr Mohamed Ali

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

63

SD63

64

SD64

Suppliers Invoice V25822

Fesine Motors Purchase of Motor Vehicle ($71,400 + GST $1,610) Trade-in Motor Vehicle costing $27,395

65

SD65

Payment Voucher 2317 (Please take note of wrong PV number in book)

Fesine Motors Purchase and trade in Fixed assets are subjected to monthly depreciation.

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

10

Source Document Balance-day adjustments, if any

Entry in ACCPAC Module

Companys Name

Date of Doc

Amount ($)

Double Entry A/c Code

Amt

BAF2003 Computerised Accounting System AY2012/13 Summary of Source Documents

11