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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:2009

EXAMINATION FOR THE DEGREE OF BACHELOR OF
SCIENCE IN INFORMATION TECHNOLOGY
BIT 1306: ACCOUNTING INFORMATION SYSTEMS
DATE: DECEMBER 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE (Compulsory 30 Marks)
a) Explain the following concepts
i. Book of original Entries [1 Mark ]
ii.Amortization [1 Mark ]
iii. Management Information System [1 Mark ]
iv.Balance sheet [1 Mark ]
b) Briefly explain with an example the formula for interest calculation [ 2 Marks]
c) Briefly discuss any two types of Variances [4 Marks]
d) Explain the terminology as used in Accounting: [ 4 Marks]
i. Accounting
ii. Class (as in QuickBooks)
iii. revenue realization
iv. Depreciable cost
e) Explain how organization can use information system 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 discuss briefly any four challenges to building and using software system in Wireless network environment [4 Marks]
h) Describe three general issues that basic information system planning addresses.
[4 Marks]
i) Give any four reasons why enforcing security in an enterprise is difficult. [2 Marks]
QUESTION TWO (20 Marks)
a) Describe why assets depreciate [2 Marks]
b) Enumerate and explain any two Depreciation methods [ 4 Marks ]
c) Describe briefly the steps required in inactivating and reactivating accounts in
QuickBooks [4 Marks]
d) Explain any three depreciations methods available in Sage accounting package
[6 Marks]
e) Using example discuss the following accounting concepts [ 4 Marks]
i. Audit trail
ii. Accruals
QUESTION THREE (20 Marks)
a) Describe any two types of adjusting entries in an accounting system [ 4 Marks]
b) List and briefly describe any two problems of traditional file system environment.
[ 4 Marks]
c) There are three elements to the budgeting process. Discuss [6 Marks]
d) Describe the following terms [3 Marks]
i. Liquidity
ii. Current Assets
iii. Quick Assets
e) Describe the process of adding new Class to Class List in QuickBooks [3 Mark ]
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. Scheduled backup
ii. Setting password
d) Briefly explain any three types of cash flow. [ 6 Marks]
QUESTION FIVE (20 Marks)
a) Define the term [ 4 Marks]
i. Double Entry book keeping
ii. Ledger
b) List the elements of Financial statements [ 4 Marks]
c) Using an example discuss concept of Debits and Credits [ 5 Marks ]
d) Differentiate between the term Revenue account and Expense account as used in accounting
[ 2 Marks]
e) List any five issue that needs to be taken into account when selecting accounting software for use in an enterprise environment. [ 5 Marks]

Accounting Information Systems Question Paper

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