ACCY4202 Accounting Software Assessment 2 Brief 2026 | Arden University

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Published: 08 Jul, 2026

Category	Assignment	Subject	Accounting
University	Arden University	Module Title	ACCY4202 Accounting Software Assessment 2

Learning outcomes

Use an accounting software application to produce financial information to support a business entity’s objectives.
Process accounts payable and receivable using software to manage financial transactions to support a business entity’s objectives.
Generate financial information to communicate professionally with relevant stakeholders in a business setting.

Instructions

Complete and submit your assessment according to the Open Polytechnic's Assessments webpage. This includes information on academic integrity, formatting, word limits and referencing.

Include your name, student number and the assessment number.

Submission

Submit your assessment in two files – one Excel file and one Word document (do not submit as PDFs).
Submit your work through your iQualify course.
Emailed assessments will not be accepted.
You will receive an automated notice advising you of your successful submission.

By submitting your assessment you confirm that it is your own, original work.

Task 1: Set up activity

a. Add a new organisation in My Xero:

i. Use the following organisational detail

-The name of the business is [Your Name] Blue Surf (replace [Your Name] with your own first and last name; for example, Kiri Davies Blue Surf).

-The industry is Sport and Camping Equipment Retailing.

-The country is New Zealand.

Tick No, it's just me. There are employees but you will not be using the payroll function.

Tick Yes, calculate GST on transactions for me.

ii. Select Start Trial.

iii. From the settings menu, choose users and set yourself up as an advisor.

iv. From the advanced accounting menu, choose conversion balances. Then go into

the conversion date tab and enter April 2023 as the conversion date.

b. Set up your chart of accounts:

i. Delete existing chart of accounts.

ii. Import the [Your Name] Blue Surf Chart of Accounts Assessment 2 CSV file.

iii. Make the changes and additions in the chart of accounts from

Table 1.1 on the next page.Table 1.1 New and amended accounts

Account Type	Code	Account Name	Tax Details
Sales	201	Bodyboard sales	15% GST on income
Sales	202	Surfboard sales	15% GST on income
Sales	203	Standup Paddleboard sales	15% GST on income
Other Income	211	Surfboard repair fees	15% GST on income
Direct Costs	301	Bodyboard COGS	15% GST on expenses
Direct Costs	302	Surfboard COGS	15% GST on expenses
Direct Costs	303	Standup Paddleboard COGS	15% GST on expenses
Expense	432	Bank charges	No GST
Expense	434	Shop insurance	15% GST on expenses
Expense	440	Office expenses	15% GST on expenses
Expense	450	Subscriptions	15% GST on expenses
Inventory	601	Bodyboard inventory	15% GST on expenses
Inventory	602	Surfboard inventory	15% GST on expenses
Inventory	603	Standup Paddleboard inventory	15% GST on expenses
Fixed Asset	740	Repair Equipment	15% GST on expenses
Fixed Asset	741	Accumulated depreciation on Repair Equipment	No GST

v. Edit the 'Capital - [Your Name]' account to '[Your Name] - Funds Introduced'.

vi. Add the Bank Account to include the following details:

Your Bank is NZ Bank (add without a bank feed).

The name of the account is Bank - [Your Name] Blue Surf.

The account type is Other.

The account number is 111-111-111.
The account code is 90.
Currency is NZD.

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