Get premium membership and access revision papers, questions with answers as well as video lessons.
Got a question or eager to learn? Discover limitless learning on WhatsApp now -
Start Now!
Cms 205 Finance Computer Package Question Paper
Cms 205 Finance Computer Package
Course:Bachelor Of Commerce
Institution: Kca University question papers
Exam Year:2009
1
UNIVERSITY EXAMINATIONS: 2008/2009
SECOND YEAR STAGE II EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CMS 205 FINANCE COMPUTER PACKAGE (SUNDAY CLASS)
DATE: AUGUST 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE
a) Explain FOUR reasons why it is not advantageous to outsource during the implementation of a
financial information system [4 Marks]
b) State the deliverables during of each of the FIVE stages of the SDLC [5 Marks]
c) Make explanatory notes on the distinction between the following pairs of systems
development methodologies
(i) Prototyping and Rapid Application Development
(ii) End user development and Object oriented development
(iii) Systems development life cycle and use of Application packages [12 Marks]
d) State, with reasons, the systems development strategies that would be suited for develop ping
an information system, to support managerial tasks of financial forecasting, analysis, and
decision making, for each of the following firms
(i) A large organization that has branches countrywide, in every province and deals in the
distribution of fast moving consumer goods
(ii) A small multinational firm with operations in several countries that is using internet
infrastructure to coordinate its operations
2
(iii) A fast growing IT firm that serves several firms in a the finance and investment
services sector
(iv) A small accountancy firm that just started operations in June 2008 with little
experience with a computer based information system. [4 Marks]
QUESTION TWO
a) State the equivalent of Quick Books chart of accounts and customer: job lists in a manual
system of record keeping. [2 Marks]
b) In addition to reports to external parties, finance computer packages generate several reports
analyzing day to day financial operations. Describe EIGHT types of internal management
reports that a package, you are familiar with can produce. [8 Marks]
c) Define a spreadsheet function and explain its structure using suitable example from a financial
analysis scenario. [3 Marks]
d) Using a suitable example, from a task in financial analysis, explain the difference between
absolute and relative cell references [4 Marks]
e) Spreadsheets use operators, in the construction of models for financial analysis, forecasting
and decision making. Using suitable examples, explain the use of each of the following
categories, of operators in a firm.
(i) Arithmetic Operators
(ii) Logical Operators
(iii) Reference Operators
(iv) Text Operators [8 Marks]
QUESTION THREE
a) You have been approached by the ministry of youth and employment to conduct business
skills seminar for youths in the VIJANA NA KAZI project. Since skills in financial analysis
and forecasting depend on a sound knowledge of accounting, your brief is to take them
through a finance computer package. You decide to use QuickBooks for the task
(i) Explain to the participants the features like forms, lists and registers assist in financial
accounting using quick books. [6 Marks]
3
(ii) Explain how the document model enables quick books to automates the recording of
transactions [4 Marks]
(iii) Explain how the participants can set up files for the businesses they would like to
account for using quick books. [4 Marks]
b) State FIVE disadvantages that an the project may experience when relying on a package like
quick books for finance tasks such as forecasting, modeling, analysis and record keeping
[5 Marks]
c) Explain the reasons and procedure for backing up data in Quick Books. [6 Marks]
QUESTION FOUR
a) Having successfully completed your BCom course a firm of financial analysts has engaged
you. Your first task is to develop a decision support system for a client that trades in bonds and
equities at the NSE.
(i) State FOUR benefits of using an already written package, as a systems development
strategy, for the task [4 Marks]
(ii) Illustrate, using a financial forecasting, financial decision making or financial analysis situation
of your choice, the benefits of using a spreadsheet
b) Define the terms financial modeling, financial forecasting and financial analysis. [6 Marks]
c) Describe TWO key features spreadsheets that make them suitable tools for financial modeling,
financial forecasting and financial analysis [8 Marks]
d) Explain the meaning of an expression of interest document and state FIVE considerations in
the evaluation of a finance computer packages [7 Marks]
More Question Papers
Popular Exams
Return to Question Papers