AIS Past Paper PDF

resource allocation","By managing customer relationships exclusively","By focusing on employee data management only" "a. Role of AIS in the value chain","Application","A company needs to streamline its processes. How can AIS assist?","By providing real-time data for decision-making and improving ef...

resource allocation","By managing customer relationships exclusively","By focusing on employee data management only" "a. Role of AIS in the value chain","Application","A company needs to streamline its processes. How can AIS assist?","By providing real-time data for decision-making and improving efficiency across departments","By focusing on accounting data alone","By restricting data access to senior management only","By eliminating operational inefficiencies without tracking financial data" "a. Role of AIS in the value chain","Analysis","How does the AIS integrate with other business functions in the value chain?","By focusing only on accounting operations","By connecting financial and non-financial information across the company","By storing unrelated data in separate systems","By excluding operational and human resource data" "a. Role of AIS in the value chain","Synthesis","Design a value chain process incorporating AIS. What should it include?","Integration of financial, production, and customer data for improved decision-making","Separation of accounting data from other departments","A focus on non-financial data only","Manual data tracking across departments" "a. Role of AIS in the value chain","Evaluation","Evaluate the importance of AIS in enhancing business performance. What is the most significant benefit?","Improved decision-making through integrated data from all departments","Limiting access to only financial data","Excluding production and operational data from analysis","Restricting data to only the finance department" "b. Accounting Information System Cycles","Knowledge","Which of the following is a cycle within the accounting information system?","Revenue to cash cycle","Employee payroll cycle","Corporate governance cycle","Production to manufacturing cycle" "b. Accounting Information System Cycles","Comprehension","What does the 'revenue to cash' cycle represent?","The process of converting sales into cash receipts","The process of managing production costs","The handling of employee payroll information","Tracking and managing corporate investments" "b. Accounting Information System Cycles","Application","A company wants to improve its cash collection process. Which cycle in the AIS would help the most?","Revenue to cash cycle","Expenditure cycle","Financing cycle","Human resources and payroll cycle" "b. Accounting Information System Cycles","Analysis","How does the expenditures cycle interact with the general ledger in the AIS?","By tracking operational expenses and updating financial accounts accordingly","By focusing on revenue management alone","By excluding inventory costs from the cycle","By tracking only fixed asset depreciation" "b. Accounting Information System Cycles","Synthesis","Develop an AIS solution that integrates multiple cycles. What should it focus on?","Integrating revenue, expenditure, payroll, and production cycles for comprehensive financial management","Isolating cycles for independent processing","Focusing only on financial transactions in the expenditure cycle","Excluding production costs from the system" "b. Accounting Information System Cycles","Evaluation","Evaluate the effectiveness of integrating all cycles in the AIS. What is the primary benefit?","Efficient and accurate financial reporting based on integrated data across multiple business functions","Limited access to production data only","Separate management of each cycle without integration","Increased complexity and time spent on data entry" "c. Challenges of Separate Financial and Nonfinancial Systems","Knowledge","What is a challenge of having separate financial and nonfinancial systems?","Data redundancy and inconsistency","Improved efficiency","Easier data tracking","Lower operational costs" "c. Challenges of Separate Financial and Nonfinancial Systems","Comprehension","How do separate financial and nonfinancial systems create difficulties?","They result in fragmented data and hinder decision-making due to lack of integration","They provide detailed insights into specific financial transactions","They allow for easier employee management","They enable direct access to operational and financial data simultaneously" "c. Challenges of Separate Financial and Nonfinancial Systems","Application","A company uses separate systems for financial and nonfinancial data. How can integration improve operations?","By providing a unified view of all data for informed decision-making","By making each system independent of one another","By focusing solely on financial data","By limiting access to non-financial performance data" "c. Challenges of Separate Financial and Nonfinancial Systems","Analysis","How do separate systems impact reporting accuracy?","Separate systems lead to potential discrepancies and errors in reports","They ensure accuracy by tracking separate data sets","They simplify reporting by limiting the data to one system","They have no effect on the accuracy of reports" "c. Challenges of Separate Financial and Nonfinancial Systems","Synthesis","Propose a solution to integrate financial and nonfinancial systems in a company. What should it involve?","Implementing an integrated system that combines both financial and nonfinancial data for cohesive reporting","Keeping separate systems to maintain operational efficiency","Focusing only on non-financial data management","Eliminating the need for financial reporting systems" "c. Challenges of Separate Financial and Nonfinancial Systems","Evaluation","Evaluate the impact of integrating financial and nonfinancial systems. What is the greatest benefit?","Improved decision-making with unified data across financial and nonfinancial systems","Reduced operational complexity without integration","Easier management of separate systems","Limited access to integrated data" "d. ERP and its Advantages and Disadvantages","Knowledge","What does ERP stand for?","Enterprise Resource Planning","Enterprise Reporting Program","External Resource Platform","Enterprise Retention Program" "d. ERP and its Advantages and Disadvantages","Comprehension","What is the main advantage of using an ERP system?","Integration of all business functions into one system","Tracking only financial data","Limiting data access to certain departments","Focus on employee attendance and payroll data only" "d. ERP and its Advantages and Disadvantages","Application","A company wants to integrate its operations across multiple departments. How would an ERP system help?","By combining finance, HR, production, and other business functions into one system","By focusing only on financial management","By separating the management of each department","By excluding data analysis capabilities" "d. ERP and its Advantages and Disadvantages","Analysis","How does ERP streamline business operations?","By automating and integrating business processes across departments","By creating separate systems for each department","By reducing the amount of data available for analysis","By limiting access to data entry only" "d. ERP and its Advantages and Disadvantages","Synthesis","Design an ERP system for a medium-sized company. What key functions should it integrate?","Finance, human resources, production, and customer relationship management","Only finance and HR data management","Production and sales data only","Only inventory management" "d. ERP and its Advantages and Disadvantages","Evaluation","Evaluate the effectiveness of an ERP system. What is its primary disadvantage?","High implementation costs and complexity in system integration","Limited data integration capabilities","Easy data management across all systems","No impact on decision-making" "e. ERP Overcoming Challenges of Separate Financial and Nonfinancial Systems","Knowledge","How does ERP help overcome the challenges of separate financial and nonfinancial systems?","By integrating both financial and nonfinancial data into one system","By storing only financial data","By focusing solely on non-financial data management","By restricting access to operational data only" "e. ERP Overcoming Challenges of Separate Financial and Nonfinancial Systems","Comprehension","What is the impact of integrating financial and nonfinancial systems through ERP?","It allows for cohesive decision-making and reporting across the organization","It limits data to finance-related functions only","It creates separate systems for each department","It reduces data analysis capabilities" "e. ERP Overcoming Challenges of Separate Financial and Nonfinancial Systems","Application","A company wants to track both its financial performance and customer satisfaction data. How can ERP help?","By integrating both types of data into a single system for analysis","By separating data management into two distinct systems","By focusing on financial performance only","By limiting access to customer satisfaction data" "e. ERP Overcoming Challenges of Separate Financial and Nonfinancial Systems","Analysis","How does ERP improve data accuracy when financial and nonfinancial data are integrated?","It ensures consistency and accuracy across all business functions","It creates discrepancies between financial and operational data","It limits reporting capabilities to only financial information","It allows for data segregation between departments" "e. ERP Overcoming Challenges of Separate Financial and Nonfinancial Systems","Synthesis","Propose an ERP system that integrates both financial and operational data. What should it prioritize?","Providing real-time, integrated data across all business functions","Focusing solely on financial reporting","Excluding operational data from analysis","Restricting access to financial data only" "e. ERP Overcoming Challenges of Separate Financial and Nonfinancial Systems","Evaluation","Evaluate the effectiveness of ERP in overcoming challenges. What is the greatest advantage?","Real-time, integrated data that enhances decision-making across business functions","Separation of financial and nonfinancial data","Limiting data access to finance teams only","Creating inefficiencies due to system complexity" "f. Relational database and Database Management System (DBMS)","Knowledge","What is a relational database?","A database that stores data in hierarchical form","A database that stores data in tables and relationships between them","A database used for only nonfinancial data","A database that does not allow for data relationships" "f. Relational database and Database Management System (DBMS)","Comprehension","How do relational databases organize data?","By using a single file to store all information","By dividing data into multiple unrelated tables","By organizing data into tables with defined relationships between them","By storing data without using tables" "f. Relational database and Database Management System (DBMS)","Application","A company needs to manage customer data efficiently. How can a relational database be used in this case?","By using a table for each customer and linking them to purchase records","By storing customer data in separate files","By focusing only on customer financial transactions","By limiting customer data to name and address" "f. Relational database and Database Management System (DBMS)","Analysis","How do relational databases improve data retrieval compared to non-relational systems?","By allowing complex queries and joining data across tables","By isolating data in separate files","By eliminating relationships between different types of data","By requiring manual data entry for every query" "f. Relational database and Database Management System (DBMS)","Synthesis","Design a relational database structure for tracking employee payroll. What should it include?","A table for employee information, a table for salary data, and relationships between them","A single table for all employee data without relationships","Tables that store only salary data","Separate files for each payroll period" "f. Relational database and Database Management System (DBMS)","Evaluation","Evaluate the effectiveness of using a relational database for managing large amounts of business data. Which is the most beneficial aspect?","Enhanced data security and easy access to integrated information","Data is stored in unstructured formats","There are no relationships between different types of data","Data is manually entered without validation" "g. Data warehouse and Data mart","Knowledge","What is a data warehouse?","A small database for operational transactions","A large system used to store historical data for analysis and reporting","A database for storing real-time operational data","A system used for personal data storage" "g. Data warehouse and Data mart","Comprehension","How does a data warehouse differ from a data mart?","A data warehouse stores detailed data from all departments, while a data mart focuses on a specific department or subject area","A data warehouse is only used for financial data","A data mart stores historical data while a data warehouse stores real-time data","A data warehouse is used only for marketing purposes" "g. Data warehouse and Data mart","Application","A company needs to analyze sales data across multiple regions. How could a data mart help?","By storing sales data from specific regions for focused analysis","By combining all operational data into one system","By reducing the amount of data available for analysis","By restricting access to the marketing team only" "g. Data warehouse and Data mart","Analysis","How do data warehouses support business intelligence (BI)?","By providing access to real-time operational data only","By storing large amounts of historical data that can be analyzed for trends and insights","By restricting data access to a single department","By simplifying data storage without analysis features" "g. Data warehouse and Data mart","Synthesis","Propose a solution for a company with multiple departments that need to analyze specific data. What should be implemented?","A data warehouse with linked data marts for each department","A single database for all departmental data","A data mart that only stores sales data","Multiple standalone databases for each department" "g. Data warehouse and Data mart","Evaluation","Evaluate the use of a data warehouse in improving decision-making. What is the primary benefit?","Access to integrated, historical data that enhances analysis and decision-making","Limiting the use of data to financial transactions only","Reducing the need for data analysis","Storing operational data with no analysis capabilities" "h. Enterprise Performance Management (EPM)","Knowledge","What does Enterprise Performance Management (EPM) aim to do?","Control operational processes exclusively","Monitor and improve the performance of the entire enterprise through planning, analysis, and performance management","Focus solely on financial performance","Limit data collection to financial reporting" "h. Enterprise Performance Management (EPM)","Comprehension","How does EPM support organizational performance?","By tracking only financial data and providing no insights into operations","By aligning organizational goals with performance metrics and improving strategic decision-making","By monitoring employee attendance only","By focusing on operational costs alone" "h. Enterprise Performance Management (EPM)","Application","A company is looking to improve its profitability. How can EPM assist in this goal?","By providing insights into financial performance and helping with budgeting, forecasting, and analysis","By focusing solely on the production cycle","By limiting performance data to the marketing department","By ignoring nonfinancial performance metrics" "h. Enterprise Performance Management (EPM)","Analysis","How does EPM help an organization achieve its strategic goals?","By monitoring employee satisfaction only","By setting clear performance targets and measuring progress against them across the entire organization","By reducing the number of performance metrics tracked","By focusing on production outputs without considering financial goals" "h. Enterprise Performance Management (EPM)","Synthesis","Develop a plan to implement EPM in a company. What should be the first step?","Establishing clear performance indicators aligned with organizational goals","Limiting the use of performance data to financial outcomes only","Focus only on financial forecasting","Exclude departments from performance evaluation" "h. Enterprise Performance Management (EPM)","Evaluation","Evaluate the effectiveness of EPM in business performance. What is its greatest advantage?","It integrates financial and operational data to provide a comprehensive view of organizational performance","It simplifies performance reporting by focusing only on financial results","It ignores the need for real-time data analysis","It reduces the scope of performance management to only one department" "i. EPM facilitating business planning and performance management","Knowledge","What is a key feature of EPM in business planning?","It limits performance tracking to financial data only","It integrates strategic goals with performance management and planning","It tracks employee attendance and satisfaction","It focuses exclusively on market research" "i. EPM facilitating business planning and performance management","Comprehension","How does EPM enhance business performance management?","By providing real-time data on financial transactions","By helping organizations track performance metrics and align them with business strategies","By focusing solely on operational processes","By excluding nonfinancial data" "i. EPM facilitating business planning and performance management","Application","A company is looking to align its performance with strategic goals. How can EPM assist in this?","By providing a framework to track progress against defined goals and adjust strategies accordingly","By ignoring performance metrics that are not directly financial","By limiting data tracking to the finance department","By creating separate performance systems for each department" "i. EPM facilitating business planning and performance management","Analysis","How does EPM support effective decision-making?","By providing centralized data for analysis and planning across multiple departments","By tracking only financial performance metrics","By excluding operational data","By reducing the number of performance indicators" "i. EPM facilitating business planning and performance management","Synthesis","Design a performance management framework for a business using EPM. What should it include?","A comprehensive set of performance indicators linked to business goals and supported by data analysis tools","A limited set of financial performance measures only","Separate systems for tracking production and marketing","Ignoring long-term strategic goals" "i. EPM facilitating business planning and performance management","Evaluation","Evaluate the effectiveness of EPM in improving overall business performance. What is its greatest advantage?","It enables comprehensive monitoring and optimization of business performance, aligning operations with strategic goals","It simplifies performance reporting by focusing only on financial results","It ignores the need for real-time data analysis","It reduces the scope of performance management to only one department"