BSNS 115

BSNS115- COST ACCOUNTING EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE Total cost fixed cost + variable cost fixed cost+(variable cost per uni x units) -total variable costs change when activity changes. -total fixed costs remain unchanged when activity changes -some costs are partly fixed and partly variable. Called semi-variable or mixed costs. Total variable cost Example: raw materials, increased number of units produced results in an increased total co...

BSNS115 - INFO SYSTEMS EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED what is an IS? set of things working together to process, store & transmit meaning represented in particular arrangements or sequences of things. Rise of IT in organisations & jobs grew from: 1950s till now. what is a user interface? bridging users to applications (most visual) for 2 way communication. what is an auditory user interface? smart home, talk to turn heating on examples of a semi or unstruct...

BSNS 115 - MANAGEMENT ACCOUNTING EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ direct cost expenses can be directly tied to the production of a good indirect cost like overhead expenses that cant be traced to one object e.g rent sunk cost a cost that has already incurred and cannot be recovered relevant cost a cost that should be considered when making decisions fixed cost a cost that does not change, no matter how much of a good is produced variable cost a cost tha...

BSNS115 INFORMATION SYSTEMS EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED What are information systems? they are systems which are at the forefront of business innovation and contribute to the increase in global competition. Firms which embrace the tech end up pulling away from the competition the use of IS helps to ... simplify supply chains and business processes as there is no reliance on agents, importers, wholesalers and retailers What is big data? extremely large and ...

BSNS115 - INFORMATION SYSTEMS EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Interaction Design (IxD) the practice of designing interactive digital products, environments, systems and services persona fictional character created to represent a user type goal the users expectation of an end condition experience goals how the persona wants to feel using the product end goals persona's motivation for performing the task life goals why the persona wants the accomplish t...

BSNS115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE What key changes are we seeing in IS currently? - Digital transformation: increasing reliance on computers which do things faster, easier and more accurately - Digital creation: new information systems and ways of doing things with the rise of digi-tech - Innovations helping to achieve operational excellence, new products/services/bus models, superb customer service and improved decision making capabilities ...

BSNS115 MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED What is the Main Focus? Internal to managers What is the nature of reports? Specific How Detailed is management accounting Compared to financial accoutning? Management is more detailed while financial is broad Does management accounting have restrictions? No Reporting Interval? Frequent and timely - one day after period ends What is the time frame? present and future What is the Range of information Quan...

BSNS115 FINANCIAL EXAM QUESTIONS AND VERIFIED ANSWERS WITH COMPLETE SOLUTIONS four main financial statements: The statement of cash flows - shows the sources and uses of cash for a period four main financial statements: The statement of comprehensive income - commonly referred to as the income statement, sometimes called the profit and loss statement; measures and reports how much profit has been generated in a period four main financial statements: The statement of changes in equity som...

BSNS 115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE 10x10 information systems examples sales and marketing, R&D and Medical, Financial, HR, Productivity, Info management, Business intelligence, AI, Knowledge management components of info system can be organisations, people, software, code or just paper. "handle information" (receive, process, store/send it) Information system some software or peice of code that does something with info using comp hard...

BSNS 115 EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE Limitations of accounting information - Time lag of information - Subjectivity of information - Cost of providing information - Historical data Differences in management and financial accounting - Accounting rules - Timeliness - Level of detail - Range of users Management accounting Is about the internal reporting prepared for managers to plan and make decisions about the business Financial accounti...