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Wijewardena: Pedal Power
Pedal Power
Hema Wijewardena

Pedal Power: An Accounting Practice Set

Get Pedalling! The world has never looked better than from those two wheels!

Pedal power is a manual accounting practice set based on a perpetual inventory system. Students are asked to complete the accounts while the proprietor's partner is away for a month. All the necessary information is provided, including actual source documents such as cheque butts and invoices. In extracting the information from these documents, students have the opportunity to experience a real business scenario and enhance their understanding of:
  • the double-entry system
  • the accounting cycle
  • the chart of accounts
  • journalising and posting of transactions
  • use of special journals and subsidiary ledgers
  • handling of bad and doubtful debts, and depreciation
  • application of a perpetual inventory system
  • preparing a bank reconciliation statement
  • reversing, adjusting and closing entries
  • compilation of financial information on a worksheet
  • determination of operating performance
  • presentation of classified financial statements
  • preparing a post-closing trial balance

The author, Hema Wijewardena, is an Associate Professor at the University of Wollongong. In 1997 he received the prestigious Award for Teaching Excellence.

Additional practice sets -

Amphibian Sounds - (www.mhhe.com/au/wijewardena)
an accounting practice set by Hema Wijewardena (University of Wollongong) based on the periodic stock take system. Can also be completed in Excel.

Pete's Plumbing - (www.mhhe.com/au/halabi)
an accounting practice set by Abdel Halabi and Robyn Dyt (Monash University) based on the periodic stock stake system. Can also be completed in Excel.

Clover Cellars / Quickbooks version - (www.mhhe.com/au/halabi2)
an accounting practice set by Abdel Halabi and Robyn Dyt (Monash University) based on the perpetual stock stake system. Can be completed in writing, in Excel and / or Quickbooks.

Clover Cellars / MYOB version - (www.mhhe.com/au/halabi3)
an accounting practice set by Abdel Halabi and Robyn Dyt (Monash University) based on the perpetual stock stake system. Can be completed in writing, in Excel and / or MYOB.


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