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: Financial Computer Packages Question Paper

Cms 205: Financial Computer Packages

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2009

1
UNIVERSITY EXAMINATIONS: 2009/2010
SECOND YEAR STAGE 2 EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CMS 205: FINANCIAL COMPUTER PACKAGES (DAY CLASS)
DATE: DECEMBER 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE
(a) Financial analysts will often need to examine the relationship between two or more financial
variables. Outline two techniques that can be used to examine financial variables. (2 Marks)
(b) Explain the difference between a bespoke application and an off the shelf package. (4 Marks)
(c) Outline six advantages and six disadvantages of a finance computer package. (12 Marks)
(d) Define the following optimization components:
(i) Decision variables
(ii) Constraint variables
(iii) Objective function (6 Marks)
(e) Payback period is a method of investment appraisal that calculates how long a project will take to
pay itself.
(i) State three advantages of payback period. (3 Marks)
(ii) State three disadvantages of payback period. (3 Marks)
QUESTION TWO
Information systems have to be developed through a series of steps known as the systems development
life cycle (SDLC).
2
(a) Define an information system . (2 Marks)
(b) What is the relevance of prototyping in SDLC? (4 Marks)
(c) Outline the five main phases in the systems development life cycle. (5 Marks)
(d) What is the difference between systems analysis and systems design? (4 Marks)
(e) Produce a list of deliverables for each of the five SDLC phases. (5 Marks)
QUESTION THREE
Write brief notes on each of the following terms:
a) Computer waste.
b) Computer crime.
c) Computer mistake.
d) Logical access control.
e) Computer virus. (20 Marks)
QUESTION FOUR
(a) Explain five common subsystems that you would expect to find in a finance and accounting
package such as Quick Books. (10 Marks)
(b) Give the commands for viewing the following reports and statements:
i) Customer statement.
ii) Inventory stock status by item.
iii) Audit trail.
iv) Income statement.
v) Balance Sheet.
(10 Marks)
3
QUESTION FIVE
(a) Explain the following financial forecasting techniques:
(i) Delphi method.
(ii) Consumer survey.
(iii) Moving Average.
(iv) Product life cycle method.
(v) Regression analysis. (10 Marks)
(b) The following are highly simplified financial statements of Express Ltd for last year:
Profit and loss account for the year ended 31 December:
£ 000
Turnover 80
Cost of sales (60)
Gross profit 20
Operating expenses (10)
Operating profit 10
Balance sheet as at 31 December:
£ 000 £ 000
Fixed assets 70
Current assets 20
Creditors: amounts falling due within one year (12)
Net current assets 08
78
Capital and reserves 78
Required:
Calculate as many accounting ratios as the information provided will allow. (10 Marks)

Cms 205: Financial Computer Packages Question Paper

More Question Papers

Popular Exams