Why are the headings on the balance sheet in MYOB Essentials named "fixed assets" and "long term liabilities" rather than the titles "Non-Current Assets" and "Non-Current Liabilities" as per accounting standards?
I would have thought this technicality would be a high priority to get right from an accounting package??
Can this be changed? or is it an MYOB thing? can i ask MYOB for it to be changed?
I was actually just marked down on an assesment because these are not the new standard terms.