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accounting-software-application-final-exam

The document is an exam paper for the Accounting Software Application course at Oromia State University, consisting of three parts: True or False questions, Multiple Choice questions, and Discussion prompts. It assesses students' understanding of accounting software, its characteristics, and its role in modern business. The exam emphasizes the importance of computerized accounting systems and their advantages over manual methods.

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38 views

accounting-software-application-final-exam

The document is an exam paper for the Accounting Software Application course at Oromia State University, consisting of three parts: True or False questions, Multiple Choice questions, and Discussion prompts. It assesses students' understanding of accounting software, its characteristics, and its role in modern business. The exam emphasizes the importance of computerized accounting systems and their advantages over manual methods.

Uploaded by

newaybeyene5
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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lOMoARcPSD|31666122

Accounting Software Application ( Final EXAM)

Audit report (Oromia State University)

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Oromia State University


College of Finance and Management studies
Department of Accounting and Finance
Final Exam of Accounting Software Application (ACFN4122)
Name ____________________________ ID.No: __________ Entry __________

General Instructions:
This exam consists of three parts. Each question should be answered in the space
provided and Cheating or copying will result in the invalidation of your exam results.
Part I: True or False ( 1pts. each): Indicate whether the following statements are
True or False:
1. Accounting software application is an AIS (Accounting Information System) that is
applied through computer methods.
2. Accounting software efficiently performs accounting tasks and records transactions
in seconds.
3. Peachtree Accounting and other accounting software require skilled manpower
compared to manual methods like pen and paper.
4. Parallel system conversion is equally functional with phase-in conversion methods.
5. The majority of modern business organizations record their day-to-day accounting
tasks using computerized techniques.

Part II: Multiple Choice (2 pts. each): Choose the correct answer from the given
alternatives:

1. Which of the following does NOT describe the characteristics of a manual accounting
system?
A. Time Consuming
B. Poor Financial Analysis
C. Highly Subject to Errors
D. Excessive Paperwork and Management
E. Efficient Data Processing
2. Which of the following best characterizes computerized Accounting tasks?
A. Time Consumption
B. Accuracy
C. Inefficiency
D. Complexity in Performing Accounting Tasks
E. Excessive Manual Entry

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3. Which is the odd one out?

A. Handle Complex and Large Transactions

B. Reduces Cost in Record Keeping

C. Enables Efficient Storage

D. Does Not Require Power Supply

4. What are some costs associated with replacing old Accounting software with new
software?

A. Computer Hardware Costs

B. Commercialized Software Costs

C. Training Costs

D. All of the Above

5. Which of the following approaches to Accounting software conversion has the


highest risk and likelihood of failure?

A. Parallel Conversion

B. Phase-in Conversion

C. Pilot Conversion

D. Direct Conversion

6. Which Accounting software system conversion is recommended in profit-oriented


organizations to minimize risks and failures?

A. Pilot Conversion

B. Parallel Conversion

C. Direct Conversion

D. Phase-in Conversion

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7. According to the accounting framework, which is a basic requirement when


performing accounting tasks through Accounting software application?

A. Non-coding Accounting Tasks

B. Grouping Non-similar Tasks under One column

C. Arranging Capital Assets or Fixed Assets with Current Assets

D. Long-term Liabilities with Prepaid Expenses

8. During the installation of Peachtree Accounting software, which applications on


your computer should be disabled?

A. Internet Connection

B. Keyboard

C. Microsoft Office

D. Hard Disk

9. Which of the following differs from the others?

A. Keyboard

B. Mouse

C. Scanner

D. Receipts

10. What is one of the key purposes of accounting software in modern businesses?
A. Manually calculating financial data
B. Automating processes like bookkeeping and financial reporting
C. Replacing human accountants entirely
D. Performing non-financial tasks

11. Which step focuses on preparing the users to work with the new system in system
conversion?
A. Planning
B. Go-Live
C. Training
D. Post-Implementation Review

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12. Which of the following is an example of software?

A. Hard disk
B. Monitor
C. Microsoft Excel
D. CPU (Central Processing Unit)

13. What is the primary difference between hardware and software?

A. Hardware is intangible, and software is physical.


B. Hardware is permanent, while software is updated and changed frequently.
C. Hardware is the main operating system, while software is an external device.
D. Hardware and software are both physical components of a computer.

14. In what form does hardware understand instructions from software?

A. English language
B. Machine language (binary code)
C. Assembly language
D. Computer graphics

15. Which software directly controls the operation of hardware devices like printers,
monitors, and storage devices?

A. System Software
B. Database Software
C. Office Software
D. Gaming Software

Part III: Discussion (5pts. total)

1. Discuss the Role of Input, Output, Storage Devices, and Internal Components of
Computer system (3pts)
2. Discuss the differences detween computers Software and Hardware (1pt)
3. Write the advantages of Accounting software applications (1pt)

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Answersheet
Name ____________________________IDno:_______________Entry___________

Part I: True and False (5pts) Part II: Multiple Choices (30pts)
1 1 6 11
2 2 7 12
3 3 8 13
4 4 9 14
5 5 10 15

Part III: Discussions (5pts)


1.

2.

3.

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