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Cms 205: Financial Computer Packages (Sunday) Question Paper

Cms 205: Financial Computer Packages (Sunday)

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 (SUNDAY)
DATE: DECEMBER 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE
(a) (i) Explain three responsibilities of finance managers (6 Marks)
(ii)What is the relevance of financial computer packages to finance managers? (2 Marks)
(b) Mathematical models may be divided into three categories. Give a detailed explanation of each of
these categories. (6 Marks)
(c) (i) What is the meaning of reversing a journal in Quick Books? (2 Marks)
(ii) Explain four security features available in Quick Books (8 Marks)
(d) Explain the implementation phase in systems development life cycle. (8 Marks)
QUESTION TWO
One of the goals of the systems development life cycle is to identify what the users need and how those
needs can be satisfied. It should also identify how best the system software should be made available.
The systems analyst may consider the selection of a bespoke software or the use of an off the shelf
software.
Required:
(a) Briefly explain what is meant by a bespoke software and an off the shelf software. (4 Marks)
(b) Both approaches can be used to acquire a general purpose package or a specialist package.
2
(i) Identify two examples of a general purpose package and two examples of a specialist
application package. (4 Marks)
(ii) Describe four advantages of a general purpose package. (4 Marks)
(iii)Describe four disadvantages of a general purpose package. (4 Marks)
(c) “Off the shelf software is more economical than in house developed software.”Discuss whether or
not you agree with this statement. (4 Marks)
QUESTION THREE
You work for a consultancy firm that offers professional training in the use of accounting computer
packages. A client is keen on using QuickBooks to set up a finance system and requires a brief session
on the key concepts in Quick Books.
(a) Explain to the client two methods that can be used to create a company in QuickBooks?
(6 Marks)
(b) Describe to the client how to create the chart of accounts in QuickBooks (6 Marks)
(c) Explain how you can set up QuickBooks so that your best customers receive 10% discount on all
their purchases. (4 Marks)
(d) Explain how you back up the company data file in QuickBooks. (4 Marks)
QUESTION FOUR
Caddick Ltd is contemplating a computerization project and has two alternatives as follows.
Project X Project Y
£ £
Year 0 (20 000) (25 000)
1 4000 8000
2 6000 6000
3 6000 5000
4 7000 6000
5 6000 8000
(a) Based on the NPV method which of the two projects would be recommended? (12 Marks)
(b) Calculate the ARR for both projects. (4 Marks)
3
(c) Explain which project would be recommended based on the Payback period. (4 Marks)
QUESTION FIVE
Without accurate forecasts, companies waste resources, for example either by overstocking or under
stocking.
a) (i) Define a trend line. (2 Marks)
(ii) Explain how you can use a trend line to analyze problems of prediction. (2 Marks)
b) Describe two ways of using the moving average technique to make a forecast. (8 Marks)
c) (i) Explain two qualitative techniques that can be used to make financial forecasts. (4Marks)
(ii) State two advantages of each forecasting technique mentioned above. (4 Marks)

Cms 205: Financial Computer Packages (Sunday) Question Paper

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