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Accounting Information Systems Question Paper

Accounting Information Systems

Course:Bachelor Of Science In Information Technology

Institution: Masinde Muliro University Of Science And Technology question papers

Exam Year:2010

FIRST YEAR EXAMINATION FOR THE DEGREE OF BACHELOR OF
SCIENCE IN INFORMATION TECHNOLOGY
ACCOUNTING INFORMATION SYSTEMS
DATE: APRIL 2010 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE (Compulsory 30 Marks)
a) Explain the following concepts: [ 4 Marks]
i. Cost flow assumptions
ii. Software engineering
iii. BPO
iv. Balance sheet
b) Briefly explain why software maintenance is inevitable [ 2 Marks]
c) Enumerate and explain any two Depreciation Methods used in accounting [4 Marks]
d) Explain the following terminology as used in Accounting: [ 4 Marks]
i. Uncollectible Accounts
ii. Deferrals
iii. revenue realization
iv. amortization
e) Explain how organization can use ICT to enhance quality in their operations, products and
services [3 Marks]
f) List three types of technological changes that have contributed to adoption of IT/Management
Information System. [3 Marks]
g) Enumerate and explain briefly any four major management challenges to building and using
Accounting Information system [4 Marks]
h) Describe software project scheduling process. [4 Marks]
i) Differentiate between the concept of milestone and deliverables in software project
management [2 Marks]
QUESTION TWO (20 Marks)
a) List and describe Types of Software Project Plans [6 Marks]
b) Describe briefly using an example the components of balance Sheet [4 Marks]
c) List and explain four methods of inventory valuation [6 Marks]
d) Define the following: [ 4 Marks]
i. Software process
ii. Non-functional requirements
iii. Bank Reconciliation
iv. Inventory turnover
QUESTION THREE (20 Marks)
a) List and describe any two main financial statements [ 4 Marks]
b) Briefly describe the concept of Adjusted Trial Balance. [ 4 Marks]
c) There are three elements to the budgeting process. Discuss [ 3 Marks]
d) Describe the following terms: [6 Marks]
i. Liquidity
ii. Risk Analysis
iii. Rules of Debit and Credit
e) Explain the following concepts: [3 Marks]
i. Inventory shrinkage
ii. Reclassification
iii. Financial Ratios
QUESTION FOUR (20 Marks)
a) Discuss software development life cycle stages [5 Marks]
b) List and describe the Accounting Cycle phases. [ 5 Marks]
c) Explain how you go about the following activities in QuickBooks [4 Marks]
i. To inactivate an account
ii. Setting password
d) Briefly explain any three types of cash flow. [ 6 Marks]
QUESTION FIVE (20 Marks)
a) Using an example describe the following accounting terms [ 4 Marks]
i. Deferred Revenue
ii. Depreciation
b) Differentiate between user and systems requirements [ 4 Marks]
c) Using an example discuss concept of Debits and Credits [ 5 Marks]
d) What is memorizing transactions as used in QuickBooks [ 2 Marks]
e) List and explain any five types of Risk in software project Management [ 5 Marks]

Accounting Information Systems Question Paper

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