CONFIDENTIAL 1 AC/FEB 2022/AIS205

UNIVERSITI TEKNOLOGI MARA

FINAL ASSESSMENT

COURSE : COMPUTERISED ACCOUNTING

COURSE CODE : AIS205
EXAMINATION : FEBRUARY 2022
TIME : 2 HOURS

INSTRUCTIONS TO CANDIDATES

1. This question paper consists of three (3) parts: PART A (20 Questions)
PART B (20 Questions)
PART C (2 Questions)

2. Answer ALL questions from all three (3) parts:

i) Answer PART A in the Objective Answer Sheet.

ii) Answer PART B in the True/False Answer Sheet.
iii) Answer PART C in the Answer Booklet. Start each answer on a new page.

3. Do not bring any material into the examination room unless permission is given by the
invigilator.

4. 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
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PART A

This part consists of 20 multiple-choice questions. Choose the most suitable answer
and shade the corresponding alphabet representing the answer in the Objective
Answer Sheet provided.

1. In UBS accounting, general setting of the system including parameters for an

individual company’s requirement and data files maintenance can be done
using_______________.

A. file Maintenance Menu

B. general Ledger Maintenance
C. transactions Maintenance
D. housekeeping Menu

2. Identify the accounts that should be assigned with Special Account codes.

i. Stock
ii. Capital
iii. Retained Earning
iv. Sales

A. i.
B. i, ii and iii.
C. i and iii.
D. All of the above.

3. In entering daily transactions, users can view and check on the multiple transactions
on the screen by using .

A. general ledger maintenance

B. file maintenance
C. add entry button
D. quick entry button

4. Batches that are not well-organised would .

A. cause error in entering transactions

B. cause difficulty to locate transactions
C. create the same batch twice
D. All of the above

5. Periodic Menu allows the following functions EXCEPT .

A. viewing audit trail

B. import and export transactions
C. generate sample chart
D. year end processing

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6. Month-end processing would results in .

A. Modification or deletion on the transactions is not allowed

B. Existing batches of that period will be locked
C. Entering of new transactions is not allowed
D. All of the above

7. Invoice received on purchase of non-current assets shall be recorded in .

A. Purchases journal
B. Sales journal
C. Cash book
D. General journal

8. Entering debtor’s opening balances into the correct period can be done using:

A. Generate creditors listing

B. Generate debtors listing
C. Generate debtors statement
D. Distribute last year aging

9. Internal users require a proper Accounting Information System to .

i. perform transaction processing

ii. perform information processing
iii. control business operations
iv. develop business planning

A. i.
B. i, ii and iii.
C. i and iii.
D. All of the above.

10. As a ___________, an accountant needs to determine the nature of information that

needs to be reported, its sources, its destination and the accounting requirements.

A. system designer
B. system manager
C. system auditor
D. system user

11. The __________ function states the outcome will be false if all logicals are not met.

A. NOT
B. AND
C. OR
D. NESTED IF

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12. Identify the FALSE statement about macro.

A. Macro is defined as a recording of the routine steps in Excel that can be

executed using a single button.
B. A macro helps in automating or repeating tasks by recording or storing the
input sequences.
C. The macro name should contain spaces.
D. Macros save time as they automate repetitive tasks.

13. The following describe an IF function, EXCEPT____________.

A. a predefined logical function in Microsoft Excel

B. a predefined mathematical function in Microsoft Excel
C. used to test a situation where there are two possible outcomes
D. nested within another IF function where there are more than two possible
outcomes

14. Typing =IF(C10>60,”Pass”,”Fail”) gives the same result as typing _________.

A. =IF(60<C10,”Fail,”Pass”)
B. =IF(C10<60,”Pass”,”Fail”)
C. =IF(C10<60 ”Pass” ”Fail”)
D. =IF(60<C10 “Fail” “Pass”)

15. In an automated financial statement, when the formula =$A$12 is copied from cell
E22 to cell E24, this is what will appear in its new location.

A. Both the row and column will change.

B. Neither the row nor column will change.
C. The column will change but the row will remain the same.
D. The row will change but the column will remain the same.

16. Identify the independent worksheet from the list below.

A. Statement of Profit or Loss.

B. Statement of Financial Position.
C. Statement of Owner’s Equity.
D. Adjusted Trial Balance.

17. _______________ in Excel is used to check and determine the impact of changes in
different values (scenario) for the formulae especially in a management accounting
technique.

A. Horizontal analysis
B. Cost-volume profit analysis
C. Common-size analysis
D. What-if analysis

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18. Determine the suitable type of graph to identify the break-even point for the
production of the goods.

A. Bar
B. Line
C. Scatter
D. Pie

Question 19 is based on Figure 1 below:

A B C D E F
1 Asset Type: Furniture
2 Cost (RM): 250,000.00
3 Salvage value: 10,000.00
4 Useful life (years) 20
5 Purchase date: 1-Jan-18
6 Depreciation Reducing Rate 15%
Method: Balance
7
8 Year Depreciation Accumulated Net Book
Expense Depreciation Value
9
10 2018 $37,250.00 $37,250.00 212,750.00
11 2019 $31,627.43 $68,877.43 143,872.57
12 2020 $21,388.11 $90,265.54 122,484.46
13 2021 $18,208.55 $108,474.09 104,275.91
14
Figure 1

19. Identify the formula used in cell E6.

A. =1-(B3/B2)*(1/B4)
B. =1-(B4/B3)*(1/B2)
C. =1-(B3/B2)^(1/B4)
D. =1-(1/B4)^(B3/B2)

20. The correct steps to format the date 30 November 2020 as 30-Nov-20 in the debtors
aging report is to highlight the required cell and then go to _____________.

A. Format → cell → date → choose the desired type of date

B. Format → cell → number → choose the desired type of date
C. Format → cell → number → date → choose the desired type of date
D. Format → number → date → choose the desired type of date
(Total: 20 marks)

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PART B

This part consists of 20 TRUE/FALSE questions. Shade ‘T’ if the statement is TRUE
and ‘F’ if the answer is FALSE in the TRUE/FALSE answer sheet provided.

1. In the UBS accounting system, period 1 does not necessarily represent the month of
January.

2. The current accounting year can be determined by keying in the last accounting year
closing date and closing period.

3. In entering transactions, quick entry refers to a single transaction entry procedure.

4. Before performing year end processing, the accumulated profit should be transferred
to Retained Earnings account.

5. View Audit Trail enables us to list all transactions excluding modified or deleted
transactions.

6. In the UBS system, details of transactions that have been created can be retrieved
and viewed in several ways.

7. The Debtors Control account is maintained in the General Ledger A/C Maintenance.

8. To maintain stock value, there are only 2 stock accounts required and assigned with
special account codes.

9. Input data or transactions can be obtained from the internal and external sources.

10. Data processing could be performed in many ways which include sorting, organizing
and calculating.

11. One way to display all formule in the worksheet is to press Ctrl + ’ (backquote).

12. AND () logical function is used to evaluate whether a condition is true.

13. A logical function, returns the #NAME? error if none of the arguments evaluates to
logical values.

14. Goal seek will find the right input when you know the result you want.

15. When entering a formula, the dollar sign “$” is used to control the order of
precedence in the mathematical operation.

16. Microsoft Excel displays the error symbol #VALUE! when it does not recognise
something in the formula.

17. An absolute reference is used for the total fixed cost figure in the cost-volume-profit
worksheet.

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18. When a chart is linked to a worksheet, the chart will be automatically updated when
the worksheet data changes.

19. SLN function for the straight-line depreciation method can be found in the financial
category if we use a built-in function.

20. Account receivables aging report is an important tool for management to control and
manage the suppliers’ payment activities.
(Total: 20 marks)

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PART C – UBS ACCOUNTING AND EXCEL

Answer ALL questions.

QUESTION 1

Techno Enterprise wanted to computerise their accounts on February 2021 and the last
accounting date was 31 March 2020. The following transaction is to be recorded using UBS
Accounting System.

Transaction: Credit purchases of RM5,000 from Digital Enterprise.

Required:

a. With regard to the accounting period of Techno Enterprise, determine the:

i. starting period
ii. closing period
iii. current financial period
(2 marks)

b. Discuss the steps to record the transaction using the Quick Entry feature.
(4 marks)

QUESTION 2

The following questions refer to Figure 2:

A B C D E F G H I
1 Khandalla Ptd Ltd
2 Inventory Valuation Statement
3 31-Dec-20
4
5 PURCHASES SALES
6 CPU Amount CPU Amount
Date Unit Date Unit
(RM) (RM) (RM) (RM)
7
8 1-Jan-20 800 25 20,000
9 5-Jan-20 500 26 13,000 3-Jan-20 200 40 8,000
10 15-Mar-20 500 30 15,000 12-Feb-20 350 45 15,750
11 10-May-20 500 32 16,000 28-Mar-20 400 48 19,200
12 8-Jul-20 500 31 15,500 15-May-20 1,000 45 45,000
13 16-Sep-20 500 29 14,500 3-Aug-20 150 50 7,500
14 6-Nov-20 500 28 14,000 4-Dec-20 600 48 28,800
15 Total Available for 3,800 108,000 2,700 124,250
Sale

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16
17 Closing stock 1,000
(Unit)
18
19 Inventory Valuations
20 FIFO Weighted Average LIFO
21 Closing Stock 31,400 31,263 27,800
(RM)
Figure 2

Required:

a. State the formula used in the respective cell:

i. E8
ii. E15
(2 marks)

b. From the above data, the value of inventory differs according to the method used.
Briefly discuss.
(2 marks)
(Total: 10 marks)

END OF QUESTION PAPER

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