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AC/MAR 2012/AIS280/CAC230

UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION

COURSE COURSE CODE EXAMINATION TIME

COMPUTERIZED ACCOUNTING/ COMPUTERISED ACCOUNTING AIS280/CAC230 MARCH 2012 3 HOURS

INSTRUCTIONS TO CANDIDATES

1.

This question paper consists of four (4) parts :

PART A (20 Questions) PART B (3 Questions) PART C (3 Questions) PART D (2 Questions)

Answer ALL questions from all four (4) parts i) ii) Answer PART A in the Objective Answer Sheet. Answer PART B, C and D in the Answer Booklet. Start each answer on a new page.

Do not bring any material into the examination room unless permission is given by the invigilator. 4. Please check to make sure that this examination pack consists of: ) ) ) the Question Paper an Answer Booklet - provided by the Faculty an Objective Answer Sheet - provided by the Faculty

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO

This examination paper consists of 13 printed pages
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CONFIDENTIAL PARTA

AC/MAR 2012/AIS280/CAC230

This part consists of 20 multiple-choice questions. Choose the most suitable answer and shade the corresponding aiphabet representing the answer in the objective Answer sheet provided.

1.

Data can be either text or values. When you type a text in a cell, it will automatically align to a. b. c. d. top align right align left align bottonn align

2.

One of the built-in functions to caiculate depreciation is SLN. Which one is the best to represent the function? a. b. c. d. =SLN(Cost;Life;Salvage) =SLN(Salvage;Cost;fe) =SLN(Cost;Salvage;Life) =SLN(Life;Salvage;Cost)

Question 3 and 4 are based on Figure 1 below:

A 1 2 3 4 5 6 7 8 9 10 11 12 13 01 April 2010 15 April 2010 05 Mei 2010 10 Juri 2010 >
? ? ?

AMAUN ENTERPRISE BUSINESS TRANSACTIONS AS AT 30 MAC 2011 (extract) Trans Date Transactions Description Cash Bank 100,000 10,000 (100) 20,000 (10,000) 100 (20,000) Purchase Station ery Sales Capital (100,000)

Figure 1 3. The best description for B8 is; a. b. c. d. The owner brought in capital in the form of cheque. The business owes to the owner for RM100,000. The owner brought in capital and banked in to the bank. All of the above. CONFIDENTIAL

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4.

What is the formula used in cell D12, if we want to know the total money in the bank? a. b. c. d. =SUM(D8:-D9:D11) =SUM(D8:D11) =SUM(D8-D9+D11) =SUM(D8+D11-D9)

Question 5 and 6 are based on table 1 below: A Selling price per unit Variable cost per unit Fixed cost Output (unit) Table 1 B RM60 RM20 RM15.000 10,000

1 2 3 4

5.

The fixed cost for 10,000 units of Output is: a. b. c. d. RM150,000 RM15,000 RM 10,000 None of the above

6.

The total variable cost can be calculated as a. b. c. d. B1*B2 B3*B4 B2*B3 B2*B4

7.

The intersection between the third column and the third row on Microsoft Excel is referred to as cell . a. b. c. d. B3 C3 E4 D6

8.

How to center the titles of spreadsheet? a. Select the rnge Format Cells Alignment Horizontal Click on Centre Across Selection Click OK Select the rngeCells Alignment on Centre Across Selection Click OK Format Cells Alignment Centre Across Selection Click OK Go to

b.

Go to Horizontal Click

c.

Go to Horizontal Click on

d.

Select the rnge Format Cells Alignment Horizontal Click on Centre Click OK

Go to

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AC/MAR 2012/AIS280/CAC230

The formula to caiculate the internal rate of return of a project with cash flows from cells E5to E11 is a. b. c. d. @IRR(E5:E11) +IRR(E5:E11) =IRR(E5:E11) =IRR(E5,E11)

10.

Under method, the value of closing stock is based on the earliest price because the stock that was bought last are used or sold first. a. b. c. d. FIFO LIFO Weighted average None of the above

11.

What is the Current Financial Year of a Company if it commences business on 1 June 2011 to 30 May 2012?

a. b. c . d.
12.

2010. 2011. 2012. 2013.

Which of the following accounts is NOT a detail account used in MYOB? a. b. c. d. Office Equipment. Capital account. Trade Creditors account. Office expenses account.

13.

Which of the following is NOT the format that can be generated in MYOB? a. b. c. d. PDF Comma-separated text file Web E-mail

14.

The card information of the customer in MYOB is arranged into a series of tab. Which of the following tab is used to create a new customer card? a. b. c. d. Profile Card details Selling details Payment details

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AC/MAR 2012/AIS280/CAC230

Which Command Centre is used to record transaction purchase asset with credit? a. b. c. d. Accounts Command Centres Banking Command Centres Purchases Command Centres Inventory Command Centres

16.

Which of the following Steps is used to check the double entries of transaction after recording? a. b. c. d. Edit -> recap transactions. File -> recap transactions. Account command centre -> Transaction Journal. Edit -> view -> recap transaction.

17.

Below are Information needed to perform bank reconciliation EXCEPT a. b. c. d. General cheque account. Bank Statement showing bank balance. Unpresented cheques. Credit purchases.

18.

Which of the following represents step to undo last bank reconciliation? a. Account Command Centre -> dick Reconcile Account -* select bank account -> dick undo reconciliation button -> the warning message window will appear -> dick undo reconciliation again to confirm and continue. Banking Command Centre -> dick Reconcile Account -> select bank account -> dick undo reconciliation button -> the warning message window will appear -> dick continue. Banking Command Centre -> dick Reconcile Account -> select bank account -> dick undo reconciliation button -> the warning message window will appear -> dick undo reconciliation again to confirm and continue. Account Command Centre -> dick Reconcile Account -> select bank account -> dick undo reconciliation button -> the warning message window will appear -> dick continue.

b.

c.

d.

19.

In the event that there is an outstanding invoice of a customer to offset the Credit Note, a. b. c. d. dick Pay Refund button at the sales register's returns and debits tab window. dick Apply to sale button at the sales register's returns and credits tab window. dick Received Refund button at the Purchase register's returns and debits tab window. dick Apply to Purchase button at the Purchase register's returns and debits tab window.

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AC/MAR 2012/AIS280/CAC230

Which Command Centre shows all the transactions (i.e. deposits and withdrawals) of your bank account? a. b. c. d. Accounts. Banking. Purchases. Sales. (20 marks)

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AC/MAR 2012/AIS280/CAC230

PART B - Microsoft Excel Answer ALL questions. QUESTION 1 The questions are based on Figure 2 below: A 1 Name of customer B Duration being a customer 1 year 3 years 6 months 1 1/2 years 3 months Figure 2 C Average purchases made (RM) 6,000 15,000 5,000 5,000 1,500 D Outcome (Yes/No)

2 3 4 5 6

Mrs. Siti Amirah Mr. Khalid Ms. Kasmani Mr. Wahid Ms. Badriah

You are required to help a trader in deciding which customer will be allowed to make a credit purchase in the future. The company's policy is to give credit to those have traded with the Company for more than a year and purchased goods for at least RM4.000 on average.

a)

State the formula in cell D2. (3 marks)

b)

Which customer(s) would be able to make a credit purchase? (2 marks)

c)

List and describe six (6) logical Operators in Microsoft Excel. (3 marks)

d)

Describe the following function i) ii) OR NOT (2 marks) (Total: 10 marks)

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QUESTION 2 The questions are based on figure 3 below: B 2 3 4 5 6 7 S 9 Sales Cost of Sales Gross Profit C D E F G H

Amanda Natasya Sdn. Bhd Comparattve Income Statement For The Year Ended 30 Mac 2010 RM 000 505 ? 190 90 100 #VALUE! Figure 3 2011 RM 000 455 350 105 Increase/decrease RM 000
7 7

10 Expenses 11 Net Profit

-8CJ

-80

a)

Calculate the missing value in: i) ii) iii) E8 F11 F10 (3 marks)

b)

State the formula used in: i) ii) G7 H7 (2 marks)

c)

List the three (3) techniques available to analyze company's financial Statement. (3 marks) Identify and describe the technique used to analyze the financial Statement in Figure 3. (2 marks) (Total: 10 marks)

d)

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QUESTION 3 The following questions are based on Figure 4 below:

O - " Cos-oteoedi Sold '' '

A B C 2 Adjusted Trial Balance of Qistina Enterprise 3 As at 3 0 June 2012 (Extract) RM'000 4 Buildings 200,000.00 5 Acc. Deprectation 150,000.00 6 M o t o r vehicle 120,000.00 7 Acc. Depreciation 40,000.00 8 Inventory 20,000.00 9 Bank 15,000.00 10 Debtors 55,000.00 1 1 Creditors 45,000.00 12 Short Term Loan 13 Sales 14 15 16 17 18 19 20 Purchases Return Inward Return Outward Satary Office Expense Opening Inventory Ciosing Inventory 95,000.00 25,000.00 340,000.00 40,000.00 28,000.00 3,000.00 5,000.00 100,000.00 150,000.00

E F G H Income Statement of Qistina Enterprise ForThe Year Ended 3 0 June 2012 (Extract) RM'000 Sales Return Inward Net Sales Cost of Goods Sold Opening Inventory Purchases Ctosing Inventory Gross Profit 150,000.00 25,000.00 125,000.00

28,000.00 95,000.00 5,000.00

118,000.00 7,000.00

Figure 4 a) Define the following terms: i) ii) dependent worksheet independent worksheet (2 marks) b) Identify the dependent worksheet and independent worksheet in Figure 4. (1 mark) c) When preparing the above Income Statement, which items do not use relative referencing? (2 marks) State the formula used in G11. (1 mark) e) Differentiate between absolute referencing and relative referencing. (4 marks) (Total: 10 marks)

d)

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CONFIDENTIAL PART C - MYOB Accounting Answer ALL questions. QUESTION 1

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AC/MAR 2012/AIS280/CAC230

The following questions are based on Figure 5.

Figure 5

a)

"On 26 September 2011, the Company ordered 50 units of Folder File (Item number FLD 01) for RM3.00 each from PEN STATIONERY ENTERPRISE, on 30 days credit terms". List the steps to record the above transaction. (4 marks)

b)

Due to stock shortages, only 45 units of the quantities ordered were received on 3 October 2011 along with the supplier bill no. INV 0365. List the steps to record this supplier bill. (4 marks) Referring to question (b) above, identify where the remaining 5 units would be recorded in the Purchase Command Center? (2 marks) (Total: 10 marks)

c)

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AC/MAR 2012/AIS280/CAC230

QUESTION 2 The following questions are based on Figure 6.

^Profile | Item Details f Buying Details J Selling Details | Historj H Quantity DnHand e>: Current Value >=>: ! Average Cos*: Committed =>: On Order c>: Available c>: | Auto-Build Inactiveltem " Q 0 | Location:

ItemNumber. BLQ5 Name: [Muslimah Blouses

l? I Buji This Item K* I Sejl This Item P ' I Inventory This Item

Cost of Sales Account O: 5-1100 Income Account for Tracking Sales O: 4-1100 Asset Account for Item Inventory O: 1 -4000

P Product Purchases * Product Sales W' Inventory

Figure 6 a) List the steps to create the new item Muslimah Blouses (Item No. BL05). (4 marks) b) Why do we need to select "I Buy This Item", "I Seil This Item" and "I Inventory This Item"? (1 mark) State the type of inventory management and costing method used by MYOB. (2 marks) List the steps to update physical stock counts. (3 marks) (Total: 10 marks)

c)

d)

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AC/MAR 2012/AIS280/CAC230

QUESTION 3 The following questions are based on Figure 7:

,,w,^.

ReceivablesAsOf: [ 31/112011 I

Redispla

View: Scieen Report

Receivables Reconciliation [Detail] 31/1/2011

ID ~ Baraqah Sdn Bhd -None Date * Total Due " 0-30 31 - 60 " Gl - 90 90+

00000002

18/1/2011 Total:

RM6.750.00 RM6,750.00

RM6.750.00 RM6750.00 RM0.00 RM0.00 RM0.00

Cik Noi Hatini -None

00000001

9/112011 Total:

RM725.00 RM725.00

RM725.00 RM725.00 RM0.00 RM0.00 RM0.00

Grand Total: Ageing Percent

RM7.475.00

RM7,475.00 100.02

RM0.00 0.02

RMO.00 0.02

RM0.00 0.02

R eceivables Account: Out of Balance Amount:

RM7,475.00 RM0.00

Figure 7 a) List the steps to display the above report. (3 marks) b) Describe two (2) purposes of generating the above report. (2 marks) c) Consider the following scenario. A customer bought a few items from the Company on 7/1/2011 but his/her name does not appear on the above report. Give two (2) possible reasons. (2 marks) List the steps to record payments received from debtors. (3 marks) (Total: 10 marks)

d)

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AC/MAR 2012/AIS280/CAC230

PARTD Answer ALL questions. QUESTION 1 a) Describe the following types of document: i) Source document. ii) Product document. iii) Turnaround document. (3 marks) b) Describe the following Journals: i) Special Journals. ii) General Journal. (2 marks) c) In which specific Journal would you record the following transactions. i) Cash received from customers. ii) Purchase invoice received from suppliers. iii) Depreciation expense for the month. iv) Calculation of employees' salaries for the month. (2 marks) d) List three (3) objectives of Accounting Information System. (3 marks) (Total: 10 marks) QUESTION 2 a) For each scenario given below, identify the possible risk faced by the Organization for failing to implement the appropriate internal control procedures. i) ii) iii) The manager's room is not properly locked after the office hour since he is always forgetting the room's key. The accountant's Computer is not been guarded with any password. The Company has appointed an accounts Clerk with no experience. (3 marks)

b)

Explain segregation of duties and how it could improve the internal control system of a Company. (3 marks) Explain and give one (1) example for each types of coding: i) Mnemonic coding ii) Sequential coding (4 marks) (Total: 10 marks) END OF QUESTION PAPER

c)

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