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AC/APR2011/AIS280

SECTION A
This section consists of 10 multiple-choice questions. Circle the most suitable answer.
1.

When the formula =$M20 is copied from cell M22 to M32, how will this entry appear in its
new location?
a.
b.
c.
d.

2.

Cell K10 contains the formula =ROUND($E$10*G10,2). What will be the content of cell
K11 if the entry in cell K10 is copied to cell K11?
a.
b.
c.
d.

3.

=ROUND(E10*G10,2).
=ROUND($E$10*G11,2). /
=ROUND(E11*G11,2).
=ROUND($E$10*G10,2).

Which statement is TRUE?

a.
b.
c.
d.

4.

The column will change but the row will remain the same. /
Both the row and column will change
Neither the row nor column will change
The row will change but the column will remain the same.

The formula =IF( total sale>cost,profit,loss) will give the result loss if sales
figure is higher then its cost.
A function performs calculations on the data in the worksheet and displays the
resulting value in a cell.
The formula to calculate the internal rate of return of a project with cash flows
from cells C60 to cell C70 is =IRR(C60.C70).
Under Last In First Out (LIFO) method, the value of closing stock is based on the
earliest price because the stock that was bought last are used or sold first. /

The formula =IF(OR(condition1,condition 2,.condition 30),YES,NO) will give the

result
i.
ii.
iii.
iv.

NO if all the condition are not met.

NO if condition 1 and 2 are not met.
YES if only condition 1 is met
YES if all conditions are met

a.
b.
c.
d.

i, ii and iii
i, ii and iv
ii, iii and iv
i, iii and iv /

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6.

AC/APR2011/AIS280

Which of the following statement is NOT TRUE?

a.

If the initial cost occurs at the beginning of the first period, then it is not included
as a series of cash flow and the formula should be expressed as
=NPV(rate,value2,value3,value4,------)+value1
Numbers can be mixed with letters and entered as text.
If the function =ROUND(2.1336,3) is entered into cell A11, Microsoft Excel will
return the value of 2.13 in cell A11. /
Sheet 2 is said to be dependent on Sheet 1 if the contents of some or all the cells
in Sheet 2 relies on the contents of Sheet 1.

b.
c.
d.

Question 7 and Question 8 are based on figure 1 below:

Figure 1: Completed Depreciation worksheet using Reducing Balance Method
A
Asset name:
Cost of Motor
Vehicles
Salvage value
Purchase Date:
Useful life
Reducing
Balance Method

B
Motor vehicles
RM250,000

26
27
28

YEAR

29
30
31
32

2007
2008
2009
2010

DEPRECIATION
EXPENSES
Y

20
21
22
23
24
25

7.

RM1,725
1/1/2009
15
Rate:

X%

ACCUMULATED
DEPRECIATION

NET
VALUE

BOOK
Z

The formula to get the figure in cell D25 is

a.
b.
c.
d.

=1-((B21/B22)^(1/B24)
=1-((B22/B21)^(1/B24) /
=1-(($B$21/B22)^(1/B24)
=1-(($B$22/B21)^(1/B24)

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8.

= $SB21-C30
=$B$21-$C$30
=B21-$C$30
=$B$21-C30 /

There are three types of data found in a spreadsheet.

a.
b.
c.
d.

10.

AC/APR2011/AIS280

The formula to get the figure in cell D30 is

a.
b.
c.
d.

9.

data, words, numbers

equations, data, numbers
words, numbers, labels
numbers, formulas, labels /

To record date 30th November 2010 using the date function, one must type:
a.
b.
c.
d.

=date(30/11/10)
@date(November;30;2010)
=date(2010;11;30) /
@date(30;11;2010)

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AC/APR2011/AIS280

SECTION B
Answer ALL questions.
Microsoft Excel
Question 1
Figure 2
A
1
2
3
4
5
6

a.

Names
Of Customers
Asyraf
Ammar
Aiman
Anis

B
Current Account
Balance
RM
15,000
20,000
30,000
8,000

D
Fixed
Deposit
Balance
RM
150,000
100,000
155,000
90,000

Outcome:
YES/NO

Refer to figure 2 and answer the question below:

i.

Bank Islam Malaysia Berhad will approve loan application to its customer who
has current account balance of RM10,000 or more and a fixed deposit account
balance of RM100,000 or more. State the formula in cell D3.
=IF(AND(B3>=10000,C3>=100000,YES,NO)
/
/
/
/
/
/
6/ x 0.5 mark = 3 marks
( 3 marks )

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ii.

AC/APR2011/AIS280

If the bank change the policy for the approval; where a customer will be given a
loan if she/he has current account balance of RM15,000 or more or a fixed
deposit account balance for more than RM100,000. What is the new formula in
cell D3?
=IF(OR(B3>=15000,C3>100000,YES,NO)
/
/
/
/
/
/
6/ x 0.5 mark = 3 marks
( 3 marks )

b.

What is a macro?
A macro is an extended feature of Excel spreadsheet. It is a program, which carry out a
given task. It is in fact a set of instructions/commands, which are executed automatically
once initiated. //
( 2 marks )

c.

Give two examples of logical operators in Microsoft Excel.

<, >, =, <>, >=, <= Any two //
( 2 marks )
(Total: 10 marks )

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AC/APR2011/AIS280

Question 2
The following questions are based on figure 3
Figure 3
A

B
Total Fixed Assets (NBV)
Total Current Assets
Total Current Liabilities
Total Debtors
Total Creditors
Net Sales
Cost of Goods Sold
Total Expenses
Prepaid Expenses

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

D
95,400
106,000
48,000
22,000
40,000
452,000
399,200
19,400
2,000

FINANCIAL RATIO REPORT

Acid Test Ratio
Net Profit Ratio
Debtor Turnover Ratio
a.

?
?
?

Indicate the formula used in the following cells:

i.

C13

=(C2+C4-C9) / C3 + C5
//

//

4 / x 0.5 marks = 2

= (C6 C7 C8) / C6
/
/
/

4 / x 0.5 marks = 2

marks
ii.

C14
marks

iii.
a.

C15

= (C4 / C6) * 365

/
/
//

4 / x 0.5 marks = 2 marks

Describe two (2) methods to display all formulas in the worksheet on the screen.
1) Press Ctrl and ~

//

2) Click formula , click shows formulas //

(4 marks)
(Total: 10 marks)

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AC/APR2011/AIS280

Question 3
b.

What does this symbol ####### mean in Microsoft Excel?

The symbol means that the column width is not enough to display figures
in the cell //
(2 marks)

c.

List and briefly explain the four (4) major parts in Microsoft Excel.
1) Spreadsheet or worksheet /
An electronic worksheet where data entered can be calculated, manipulated
and analysed. //
2) Graphs or charts /
Excel can create various types of charts by using data or numbers in the
worksheet. The charts are updated automatically when there is any change in
the data. //
3) Data management /
Database is the centre pool of information and database management is
basically managing these large quantities of information. Excel allows users
to sort data, search for specific data and select data that meets the criteria. //
4) Web support /
Excel can save its workbooks or part of it in HTML format. Such workbook
can then be manipulated and viewed by a browser. Excel is also able to
create, produce, view and analyse data through the www or on intranet. Realtime data can be accessed using web queries. //
12 / x 0.5 marks = 6 marks
(6 marks)

d.

List two uses of the =DATE function.

1. To determine how the date should appear in the cell. /
2. To calculate the number of days by subtracting the two dates or
subtracting the date with the number of days./
(2 marks)
(Total: 10 marks )

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AC/APR2011/AIS280

SECTION C
Answer all the questions.
a. Risk exposures may arise from variety of internal and external sources such as
employees, customers, criminal, computer hackers and acts of nature. Give two
examples of risk to which a firm is exposed.
1. Acts of nature or accidents such as floods and fires and equipment breakdowns. /
2. Competitors who may desire to acquire confidential information of the firm such as new
product plans. /
3. Managers and accountants who have access to records and financial reports and often
have authority to approve transactions.
4. Clerical and operational employees who process transactional data and have access to
assets.
5. Computer programmers who prepare computer programs and knowledge relating to the
instructions by which transactions are processed.
6. Customers and suppliers who generate many of the transactions processed by the firm.
7. Outside persons, such as computer hackers and criminals who have various reasons to
access the firms data or its assets
Any two
( 2 marks )
b.

Briefly explain the following types of data coding.

i.
ii.

Mnemonic coding system

Block coding system

Mnemonic Coding
A code of this type provides clues concerning the objects it represents. This code use
letters of alphabet. For example ; College course numbering. /
AC 340 = Accounting Information System
EN 101 = English Composition

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AC/APR2011/AIS280

Block Coding
In block coding, groups of numbers are dedicated to particular characteristics of the
objects being identified. This approach can represent whole classes of items by
restricting each class to a specific range within the coding scheme. /
For example in MYOB 1-0000 is for assets and 6-0000 is for expenses. /

( 4 marks )
c.

State four (4) types of risk.

Unintentional Errors
Deliberate Errors
Unintentional Losses of assets
Thefts of Assets
Breaches of Security
Acts of Violence and Natural Disasters

Any 4
( 4 marks )
( Total: 10 marks )

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