Clover Cellars: An Accounting Practice set with QuickBooks Option

Abdel Halabi, Monash University
Robyn Dyt, Monash University

An Accounting Practice Set in two versions - Manual and Quickbooks

Clover Cellars is a two-way accounting practice set that includes both a manual version for completion in writing or Excel and a version which uses the Quickbooks computerised accounting software. Students undertaking the manual version first will achieve a thorough grounding in the accounting process while the Quickbooks version introduces students to a general business package. The perpetual stocktake system is used and no prior knowledge of Quickbooks is assumed. Students are also provided with full background information about the business.

Completion of this practice set will help introductory students of accounting enhance their understanding of:

the accounting cycle
the chart of accounts
recording transactions
identifying transactions from original source documents
recording transactions in the general and special journals
double-entry accounting
posting transactions from journals into the general and subsidiary ledgers
preparation of a trial balance
end-of-period adjustments
preparing a bank reconciliation statement
closing entries
compilation of financial information on a worksheet
preparation of accounting reports, including the profit and loss statement and balance sheet
preparing a post-closing trial balance
the opportunity to work through a major exercise in Quickbooks
exposure to real-world computerised accounting systems

Excel worksheets and updates on the latest developments in the discipline are available from this Online Learning Centre

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.

Pedal Power - (www.mhhe.com/au/pedalpower)

an accounting practice set by Hema Wijewardena (University of Wollongong) based on the perpetual 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 / 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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