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Accounting Information Systems Question Paper

Accounting Information Systems

Course:Bachelor Of Science In Information Technology

Institution: Kca University question papers

Exam Year:2009

UNIVERSITY EXAMINATIONS: 2008/2009
FIRST YEAR EXAMINATION FOR THE DEGREE OF BACHELOR OF
SCIENCE IN INFORMATION TECHNOLOGY
BIT 1306: ACCOUNTING INFORMATION SYSTEMS
DATE: AUGUST 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE (Compulsory 30 Marks)
a) Define the following [ 3 Marks]
i. EasyStep Interview
ii. Audit trail
iii. knowledge management
b) Discuss using an example the concept of “ accounting equation” [ 2 Marks]
c) List three types of technological changes that have contributed to adoption of IT/MIS. [3 Marks]
d) Outline four general issues that basic information system planning addresses. [2 Marks]
e) Before any information systems project is embarked on some feasibility studies must be carried
out. List four types of feasibility studies. [ 2 Marks]
f) Briefly explain the stages of transaction processing [5 Marks]
g) Describe any five types of threats to your company data [5 Marks]
h) List any four examples of Off-the-shelf accounting systems [ 2Marks]
i) Differentiate between: [4 Marks]
i. application software and system software
ii. information and data
j) Briefly illustrate and explain any one network topologies on which QuickBooks can run.
[ 2 Marks]
2
QUESTION TWO (20 Marks)
a) Using appropriate example explain the concept of debit and credit [4 Marks]
b) XYZ Co. has monthly fixed costs of Kshs2,000. They sell a single product for Kshs30 each.
Variable costs are Kshs10 per unit. They sell about 200 units per month. Calculate the break even
point in units. [ 6 Marks]
c) List four methods commonly used to calculate a value for ending inventory (inventory evaluation).
[ 4 Marks]
d) explain the concept of “Adjusting the inventory account” [ 2 Marks ]
e) Describe briefly any two major management challenges to building and using accounting system
[4 Marks]
QUESTION THREE (20 Marks)
a) Explain the Accounting Cycle process. [4 Marks]
b) Describe the term statements of cash flows [2 Marks]
c) Explain briefly the function of Navigators in QuickBooks [2 Marks]
d) Describe how scheduled backup process be done with QuickBooks [2 Marks]
e) Illustrate using your own example the concept of balance sheet for a given firm [5 Marks]
f) Using an example enumerate three ways the accounting equation can be expressed. [5 Marks ]
QUESTION FOUR (20 Marks)
a) Using an example differentiate between the concept of Freight In and Delivery expense
[6 Marks]
b) Define the following: [ 4 Marks]
i. Posting
ii. Matching principle
iii. Depreciation
iv. articulation
c) Briefly explain the term Bank reconciliation [ 2 Marks]
d) Describe your understanding of static and flexible budgeting concept [ 4 Marks]
e) List four types of adjusting entries made at the end of an accounting period to prepare financial
statements. [ 4 Marks ]
3
QUESTION FIVE (20 Marks)
a) Define the term intangible assets [ 2 Marks]
b) Describe “Initial Public Offer(IPO)” [ 3Marks]
c) Explain the following accounting terminologies:
i. Depreciation [ 2Marks]
ii. Amortization [ 2Marks]
iii. Depletion [ 2Marks]
d) List any five components of Current Assets. [5 Marks]
e) Define the following terms: [ 4 Marks]
i) Revenue
ii) Expenses
iii) Interest
iv) Liquidity

Accounting Information Systems Question Paper

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