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Cms 205 Finance Computer Packages Question Paper
Cms 205 Finance Computer Packages
Course:Bachelor Of Commerce
Institution: Kca University question papers
Exam Year:2009
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UNIVERSITY EXAMINATIONS: 2008/2009
SECOND YEAR STAGE II EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CMS 205 FINANCE COMPUTER PACKAGES (SUNDAY CLASS)
DATE: APRIL 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer ALL questions
QUESTION ONE
a) Finance compute packages, such as quick books and sage, are general purpose but not as flexible
to assist in all financial modeling, analysis and forecasting tasks.
i) Explain, using suitable examples, the difference between financial modeling, financial
forecasting and financial analysis. [6 Marks]
ii) Describe how you can export data from Quick books to a spreadsheet for further
financial analysis [4 Marks]
b) Describe how you can use a spreadsheet in budgeting [8 Marks]
c) Explain TWO advantages of computer based financial modeling, analysis and forecasting ever
paper and pencil methods [2 Marks]
d) Enumerate FIVE evaluation points in the selection of a finance computer packages [5 Marks]
[Total: 25 Marks]
QUESTION TWO
a) Having successfully completed the Bachelor of commerce programme a firm of management
consultants, specializing in Quick Books, has engaged you in their training division. Your first
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task is to train client employees on the use of computers for finance and accounting tasks. The
participants, being in the SME sector have had no formal tanning in finance or accounting.
i) Explain to the participants how the use of forms, lists and registers can enable the SME
to keep financial records using quick books. [6 Marks]
ii) Describe how quick books automates the recording of transactions as the employee
uses the program [4 Marks]
iii) Describe any TWO methods that the SME can use to set up the company files
[4 Marks]
b) State FIVE benefits that may accrue to a firm from use of already written application programs for
finance tasks such as forecasting, modeling, analysis and record keeping [5 Marks]
c) (i) State FOUR reasons why it is recommended to back up data [4 Marks]
(ii) Describe the procedure you can use to back up data in a finance package you are familiar with
[2 Marks]
[Total: 25 Marks]
QUESTION THREE
(a) Explain how you can correct accounting errors in Quick Books [5 Marks]
(b) Describe any FIVE key areas in which financial modeling, using computer scan be of benefit
to a firm [10 Marks]
(c) Quick Books automates accounting tasks by using chart of accounts and customer:job lists.
State the equivalent of these two in a manual system of record keeping. [2 Marks]
(d) Finance packages, such as quickbooks, enable a business to quickly produce reports, such as
the Profit statement, balance sheet and cash flow statements. Sate FOUR kinds of reports that
can be generated, for internal management use, from each of the following subsystems
i) Accounts receivable and sales [4 Marks]
ii) Accounts payable and purchases [4 Marks]
[Total: 25 Marks]
QUESTION FOUR
(a) Describe FIVE reasons why it is advantageous to outsource during the implementation of a
financial information system [5 Marks]
(b) Distinguish between the SDLC and prototyping approach to developing an information
system. [5 Marks]
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(c) State the output of each of the FIVE stages of the SDLC [5 Marks]
(b) State and explain the purpose of any SIX types of balance sheet and FOUR income and
expenditure accounts in quick books [10 Marks]
[Total: 25 Marks]
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