OverviewThis comprehensive financial accounting practice set aims to help students develop critical thinking skills and apply a 'deep learning' approach to their first year accounting studies, and an appreciation of how a real-life business may operate. Velvet Cupcakes is a cupcake bakery business, run by proprietor Veronica Bell, in Woden, Canberra. Veronica has employed an accountant to prepare the accounts for her first month of operations using MYOB. The practice set guides students through the process of recording and preparing a range of accounting transactions and incorporates both structured and semi-structured problems. This practice set comes with a student version MYOB Accounting Plus Version 18 CD ROM. Velvet Cupcakes is ideal to package with Horngren et al. Accounting and Financial Accounting.