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Cms 205 Finance Computer Packages (Saturday Class) Question Paper
Cms 205 Finance Computer Packages (Saturday Class)
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 PACKAGES (SATURDAY CLASS)
DATE: APRIL 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer ALL questions
QUESTION ONE
a) The work to be performed to manage finance and accounting in a business is the same whether
you use a manual of a computerized accounting system. In a manual system each transaction,
supported by relevant source document, is analyzed and entered by hand into the appropriate
journal and ledger. Computerized systems automate the cycle in various ways.
(i) Explain how a finance computer package, such as Quick books or any you are
familiar with automates the accounting process. [4 Marks]
(ii) Describe any TWO methods that you can use to set up a company whose records
are to be maintained using a finance computer package such as QuickBooks or any
you are familiar with. [4 Marks]
b) Your firm is a Management Consultancy that offers professional training in the use of finance
computer packages. A client is keen on using QuickBooks to quickly set up an accounting
system requires a brief session on the key concepts in quick books.
(i) Explain to the client how the use of forms, lists and registers will assist in writing
up the books of account [6 Marks]
(ii) State FIVE advantages of using a finance application package that may accrue to
this firm [5 Marks]
2
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 TWO
a) Distinguish between financial modeling, financial forecasting and financial analysis.
[6 Marks]
b)
(i) Explain how you can export data from Quick books to a spreadsheet for further
financial analysis [4 Marks]
(ii) Describe how you can use the inbuilt modeling, forecasting abilities, in a
spreadsheet, in budget preparation for your organization [8 Marks]
(iii) State TWO reasons why computers are useful in modeling, analysis
and forecasting [2 Marks]
c) Enumerate and briefly explain any FIVE essential factors to consider when selecting finance
computer packages for use in an organization [5 Marks]
[Total: 25 Marks]
QUESTION THREE
a) You have been involved in the process of systems development for the finance and accounting
function. The team is seeking your advice on the key issues.
(i) List FIVE conditions in which it will be viable to outsource an IS [5 Marks]
(ii) State and briefly explain the FIVE stages of the SDLC which the team will go
through during the development of the IS [5 Marks]
(iii) List the deliverables at 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 you can use for the above task [10 Marks]
[Total: 25 Marks]
3
QUESTION FOUR
a) Explain any TWO ways of correcting an accounting error made in while working with a
finance computer package, such as Quick Books [5 Marks]
b) Describe any FIVE key areas in which financial modeling, using computers can be of benefit
to a large firm that is quoted at the Nairobi Stock Exchange. [10 Marks]
c) Finance computer packages, such as Quick Books, do not ignore traditional accounting
functions in relation to sales and purchases, but automates them.
Required:
(i) State the function of the customer: Job list and Chart of accounts in quick books
[2 Marks]
(ii) List any FOUR accounts payable and sales reports [4 Marks]
(iii) List any FOUR accounts payable and vendor reports [4 Marks]
[Total: 25 Marks]
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