CONFIDENTIAL ACIFEB 2023/AIS205 UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION COURSE COMPUTERISED ACCOUNTING COURSE CODE AIS205 EXAMINATION FEBRUARY 2023 3 HOURS INSTRUCTIONS TO CANDIDATES 1. This question paper consists of three (3) parts: PART A (15 questions) PART B (15.questions) PART C (4 questions) 2.” Answer ALL questions from all three parts: i) Answer PART A in the Objective Answer Sheet. ii) Answer PART B in the True/False Answer Sheet. ili) Answer PART C 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. Please check to make sure that this examination pack consists of i) the Question Paper ii) an Answer Booklet — provided by the Faculty iil) an Objective Answer Sheet — provided by the Faculty iv) a True/False Answer Sheet — provided by the Faculty 5. Answer ALL questions in English. DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO This examination paper consists of 9 printed pages ‘© Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL PARTA AC/FEB 2023/AIS205 This part consists of 15 multiple choice questions. Choose the most suitable answer. 1. Determine the correct steps to create a Macro. A B. vom> Questions 3 and Question 4 are based on Figure 1 below: Record Macro > Assign Macro name > Specify shortcut key > Store Macro > Type description > OK. Record Macro > Assign Macro name > Type description > Specify shortcut key > Store Macro > OK. Record Macro > Specify shortcut key > Assign Macro name > Store Macro > Type description > OK. Record Macro > Type description > Assign Macro name > Specify shortcut key Store Macro > OK. is used to determine whether invoices are 30-60 days past due. IF function NESTED IF function OR function ROUND function A B c D 20 | Asset name: Machine 21_| Cost of Machine | RM250,000 22 | Salvage value RM2,500 23 _| Purchase Date: 1/7/2019 24 | Useful life 10 25. | Reducing Rate: X% Balance Method 26 27 28 YEAR DEPRECIATION | ACCUMULATED | NET BOOK EXPENSES | DEPRECIATION VALUE 29 2019 (30 2020 ¥ 3. The formula in cell D25 is com> (© Hak Cipta Universiti Teknologi MARA. Figure 1 -((B21/822)(1/B24) -((B22/B21)\1/B24) A((B21/B22)-(1/B24) =14((B22/B21)-(1/B24) CONFIDENTIALCONFIDENTIAL, 3 ACIFEB 2023/AIS205 4, The formula in cell D30 is. A $B$30+$C$30 B. = B30+C30 Cc. B21-$C$30 D. $B$21-C30 5. Identity the records that are NOT auto generated in UBS Accounting System. A. Trial Balance B. Batches C. Balance Sheet D. Profit & Loss account 6. If you want to key in basic company information, you need to access the General Setup. This feature could be found in tab. A. Report. B. Housekeeping. C. General. D. Periodic. 7. The account type for Salary is AE BOF QoL DOM 8. Identify the account number that is INCORRECT. ‘A. 100A/000 B. 2010/01 C. 300/000 D. 4015/B10 9. Fixed Assets Description Maintenance can be found at the tab. A. Report. B. Housekeeping. Cc. General. D. Periodic. 10. The Distribute Last Year Aging enables you to distribute debtor’ balance into the correct periods. This balance amount consists of arrears in different months from the. accounting year. ‘A. closing, previous B. closing, current C. opening, current D. opening, previous © Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL, 4 ACIFEB 2023/AIS205 1. 12. 13. 14, 15. This report will print the creditor's balance and the total amount for invoice, debit note, credit note, payment and returned cheque. ‘A. List Bills and Payment B. Transaction Summary C. List by Accounts and Description D. — Post Dated Cheques Issued Amit Khun Ltd sells a product named Great Delights to its regular customers on a credit term 30 days after sales. The transaction will be recorded in A. Cash Receipts B. Cash Payments C. Sales Journal D. Purchase Journal The steps to delete unwanted creditors are Creditors > File Maintenance > Search > Choose Unwanted Creditor > Delete. Creditors > Creditors File Maintenance > Search > Choose Unwanted Creditor > Delete. File Maintenance > Creditors >Search > Choose Unwanted Creditor > Delete. Creditors File Maintenance > Creditors > Search > Choose Unwanted Creditor > Delete. 90 @> Invoices received for cash procurement of non-current assets are recorded in General Journal Sales Journal Cash Book Purchases Journal pom> Rohani acquires stocks from Famous Fur Ni Chair on credit. The transaction will be recorded in General Journal Purchase Journal Sales Journal Cash Payment Journal pom> (Total: 15 marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL, 5 ACIFEB 2023/AIS205 PARTB This part consists of 15 TRUE/FALSE questions. Shade ‘T’ if the statement is TRUE and if the answer is FALSE in the TRUE/FALSE answer sheet provided. 1. Accountants as system designers access the accounting information system to perform accounting functions. 2. _ Data is less meaningful because it contains raw facts, numbers and symbols. 3. The objective of data collection is to collect data that are cost efficient and demanded by users. 4. General ledger and subsidiary ledger are examples of Transaction files. 5. One of the objectives of accounting information systems is to ensure businesses are competitive in this digital economy environment, 6. _ Reference file is used as a standard for transaction processing. 7. Awrongly entered starting period will affect the sequence of aging periods. 8. Quick Entry is a single transaction entry procedure. 9. An incorrect purchase account can be deleted when there is no transaction recorded and the balance is zero. 10. Account type for Rental expenses should be entered as E type. 11. One of the functionalities of Primary Code is sorting each account's sequence in descending order, during the printing of financial reports. 12. Account numbers can be changed using Administrative Tools. 13. Stock values need to be entered at every month’s end to produce accurate monthly financial reports. 14. Only two stock accounts must be created to maintain the stock values in UBS ‘Accounting System. 15. This year’s Closing Stock column in the Maintain Stock Values refers to the closing stock value in the preceding accounting period. (Total: 15 marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL PART C Answer ALL questions. QUESTION 1 The following questions are based on Figure 2. ACIFEB 2023/AIS205 KTB Bank will approve loan applications to its customers who have monthly salaries of RM3,000 or more and Current Account balances of RM5,000 or more. x = c a z o _ ‘CUSTOMERS NAME e LOLA FR wona | aan | HUD l | i [se fperans E ‘60 [MONTHLY SALARY 4,500 8,000 6800 | 3,100 | 2500 61 [CURRENT BANK BALANCE | 12,000 4,000 6500 | 5300 | 13,700 eq [APPROVE / REJECT Figure 2 a. _ Demonstrate the logical function in cells B62 and F62 (Do not use the Nested IF function). (6 marks) b. _ KTB Bank decided to implement more stringent criteria for loan approvals to ensure only eligible applications are fulfilled. The current conditions will thus be replaced with increased new limits. These new conditions would result in ALL CURRENT CUSTOMERS' loan requirements being rejected as they do not fuffill the conditions of the new requirements. Construct a Nested IF formula in cell B62 by modifying the new requirements for monthly salaries and Current Account balances. (6 marks) c. Aizan wishes to apply for a credit card. The minimum income eligibility for new credit card holders is set at RM24,000 per annum. By using the NOT function in cell E63, demonstrate whether his application is accepted or rejected. (© Hak Cipta Universiti Teknologi MARA. (3 marks) (Total: 15 marks) CONFIDENTIALCONFIDENTIAL QUESTION 2 The following questions are based on Figure 3. a AC/FEB 2023/AIS205 a xn ete reaper 2 | ___ SOHEDULE OF emmscuarow on roo asec pe NON CURRENT ASSET 5 1200-N0 Srurciase ove (0101-10 6 ORIGINAL COST 500,000 Flea noe vas ios 8 USEFUL LIFE 150 Sfosrrccanon REDCaIG GALE 10 METHOD (RBM) ay Gl ae — ae = a Tae We 15 YEAR |DEPRECIATION| ACCUMULATED IET BOOK fi execs | nemmecurion || vase rT) ‘woo0 —wop0000 26000000 mm | tonama——auann0n asa 2000 | ma mesmo 31937000 seacan0d 2022 ‘62,254.72 0.72 134,369.28] Figure 3 a. Assuming the company using the equation to calculate depreciation, show the formula in cells B17, B19 and C18. (6 marks) b. The manager wants to change the depreciation method from Reducing Balance to Straight-Line Method. Construct the formula in cell B19 using (i) the equation and (i) built-in functions to calculate depreciation using the Straight Line method. (6 marks) ©. Predict how the change in the depreciation methods would affect the company’s profit. (© Hak Cipta Universiti Teknologi MARA (3 marks) (Total: 15 marks) CONFIDENTIALCONFIDENTIAL 8 ACIFEB 2023/A1S205 QUESTION 3 The following questions are based on Figure 4. Maju Enterprise computerised their accounts using the UBS Accounting System. The following information was provided: Company's name : | Maju Enterprise Nature of business : [Trading Date started using UBS |: [ January 2022 Last accounting date _| : [ 30 June 2021 Transactions for January 2022: Batch 2 - Purchases Date Description Ref No.__| Amount (RM) 05/01/2022 Bina Enterprise Inv 1001 11,000 10/01/2022 Cool Trading Inv 1002. 5,500 12/01/2022 Dini Enterprise Inv 1003 5,000 Figure 4 Required: a. Indicate Maju Enterprise's: i. Starting period il, Closing period ili, Closing date of last accounting year iv. Current financial period (5 marks) b. Show the steps to record the transaction with Bina Enterprise using Add button. (6 marks) c. The purchase from Bina Enterprise should be RM10,000, instead of RM11,000. Demonstrate how to make the correction using V. Edit feature. (6 marks) d. Show the steps to record transaction with Cool Trading using Quick Entry button. (3 marks) (Total: 20 marks) (© Hak Cipta Universiti Teknologi MARA CONFIDENTIALCONFIDENTIAL 9 ACIFEB 2023/A1S205 QUESTION 4 The following questions are based on Figure 5. Jaya Sdn Bhd computerised their accounts starting from 1 February 2023. The closing date of the last accounting year was 31 December 2022. The following transactions for February 2023 are available: Date | Description Ref No. | Amount (RM) | Cheque no. 79/02/2023 | Rental BPV 1007 2,000 ‘ABB210121 20/02/2023 | Salary BPV 1002 3,500 ‘ABB210122 21/02/2023 [Smart Enterprise__| OR 2101 5,000 (CBB123456 22/02/2023 | Intel Trading OR 2102 4,000, CBB123457_ 10/02/2023 | Cash Sales CS 001 150) - 20/02/2023 | Stationeries CPV 001 50 = 21/02/2023 | Travelling CPV 002 250 : Figure 5 The Opening Stock was RM75,000. February's Closing Stock was RM60,000. Required: - a. _ Explain the steps to periodically record the opening and closing stock values. (6 marks) b. Show the steps to organise the transactions into batches. (6 marks) c. The traveling expenses were canceled, and no cash payment was made on 21/02/2023 (CPV 002). Show the steps to delete the transaction. (6 marks) d. Assess THREE (3) ways to retrieve and view the transaction details that have been recorded. (3 marks) (Total: 20 marks) END OF QUESTION PAPER © Hak Cipta Universiti Teknologi MARA, CONFIDENTIAL