Report on Financial Activity
This text is designed to introduce business students to financial reports and reporting processes. The book utilises the Xero cloud accounting platform to teach students to understand and process business transactions and to generate and interpret reports. No prior accounting or bookkeeping knowledge is required.
File set up, transaction processing and reporting for two simulation business are covered in the book.
Xero files can be created by logging in to LNOnline.com.au, or via your college or university Learning Management System.
You'll have access to each of the files you create for six months, after which it will be deleted.
An extra, blank Xero organisation file is also provided for assessment purposes if needed.
01 Financial Reporting and the Regulatory Environment
02 Sweet Pink
03 Set up the Organisation and the Chart of Accounts
04 Record Sweet Pink’s May Transactions and Produce Reports
05 Record Sweet Pink’s June Transactions and Produce Reports
06 Balance Day Adjustments
07 Board Ryder
08 Set up the Organisation and the Chart of Accounts
09 Record Board Ryder’s July Transactions and Produce Reports
10 Record Board Ryder’s August Transactions and Produce Reports
11 Record Board Ryder’s September Transactions and Produce Reports
BSBFIN401 - Report on financial activity
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