CISM 4000 ACCOUNTING INFORMATION SYSTEMS

Suggestions for Sample Exam Questions

Q No. Topic Suggested reference for guidance
Q1 Database Problem 3.3 ( Tut 4)
Q2 Internal Controls ( case Study) Problem 9.1 ( Tut 8)
Q3 Internal Controls Problem 11.7 ( Tut 7)
Q4 XBRL Discussion Question 6.6 and 6.7 (Tut 9)
Q5 Auditing of AIS Discussion Question 13.3 (Tut 9)
Lecture slides 36-38 (Week 11)
Q6 Revenue Transaction Cycle Discussion Question 10.2 (Tut 6) :listed hereunder
as an example
Q7 Expense Transaction Cycle Discussion Question 11.4 (Tut 7)
Q8 System Documentation Problem 6.4 - c and e ( Tut 5)

Sample Exam Q 6: Revenue Transaction Cycle - illustrative question DQ 10.2 from Tut 6
DQ 10.2 Mascolo Ltd has decided to introduce PayPal to allow their customers to pay for goods they
have bought online.

a) What controls would you expect to see introduced to ensure the safety of Mascolos customer
data?
b) Which activities in the receive and record payment process will be affected?
c) What changes would you expect to see in these activities?

(a) Mascolo Ltd should ensure that they limit access to the PayPal account to those staff who genuinely
need this access to perform their regular duties.

(b) Both Receiving (4.1) and Recording (4.2) of payments would be affected.

(c) The most important change is that payments will be received by the PayPal account, not credited
directly to the company bank account. Cash held in the PayPal account needs to be regularly transferred
across to the company bank account. The company also needs to create well controlled processes
covering when and how payments are receipted. Presumably this will happen on arrival in the PayPal
account so regular reconciliations of the PayPal account transactions, bank account transfers and total
receipted would be required.

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PS: This is not an exhaustive list. Its highly desirable to go over the relevant lecture notes,
tutorial questions and the book for comprehensive understanding. Answers provided to the
sample MCQs in each tutorial are helpful for revision as well.

2T_2017_CISM4000_Sample_Exam_Suggestions