1.

You have been asked to produce monthly management accounting statements in a

tabular form, comparing actual results with a flexed budget and showing the variances.
Which of the following types of software would be most appropriate for producing the
statements?
A. Statistics package
B. Spreadsheet package
C. Database package
D. Work processing package

2. You prepare a budget using a spreadsheet program. The numerical data is presented in
a tabular from. However, the tabulated data can also be presented in alternative or
additional forms. Which of the following methods of data presentation cannot be
produced automatically by a spreadsheet program?
A. Bar chart
B. Narrative (words)
C. Pie chart
D. Graph

3. The following statements relate to spreadsheets:

1. A spreadsheet consists of records and files
2. Most spreadsheets have a facility to allow data within them to be displayed graphically
3. A spreadsheet could be used to prepare a budged income statement
4. A spreadsheet is the most suitable software for storing large volumes of data.
Which of the above statements are correct?
A. 1 & 2 only
B. 1, 3 & 4 only
C. 2 & 3 only
D. 3 & 4 only

4. Which of the following are advantages of spreadsheet software over manual

approaches?
1. Security
2. Speed
3. Accuracy
4. Legibility
A. All of them
B. 2, 3 & 4
C. 2 & 4
D. 1 & 4

5. A company manufactures a single product. In a computer spreadsheet the cells F1 to F12

Contain the budgeted monthly sales units for the 12 months of next year in sequence with
January sales in cell F1 and finishing with December sales in F12. The company policy is
for the closing inventory of finished goods each month to be 10% of the budgeted sales
units for the following month. Which of the following formulae will generate the
budgeted production (in units) for March next year?
A. =[F3+(0.1*F4)]
B. =[F3 - (0.1*F4)]
C. =[(1.1*F3) - (0.1*F4)]
 D. =[(0.9*F3) + (0.1*F4)]

6. Which of the following is not one of the main aspects of formatting cells?
A. Wrapping text
B. Using graphics
C. Setting number specification, e.g. working to 2 decimal places
D. Changing the front, size or color of text

7. For which of the following tasks would a spreadsheet be most useful?

A. Exception reporting
B. Annual staff appraisals
C. Writing a news letter
D. Categorising products by a range of different factors (price, location, customer, date launched, etc)

8. The following spreadsheet shows an extract from a company’s cash flow forecast.
A B C D E
1. Cash flow forecast
2.
3. Jan Feb March
4. Inflows
5. Cash sales 10,000 12,000 11,500
6. Cash from debtors 24,500 26,200 15,630
7. Disposal of non-current assets 0 0 12,000
8. Other 10 0 0
9. Total inflows 34,510 38,200 39,130

Which of the following formulae will generate the correct figure of cell D9?
A. SUM(D5:D8)
B. SUM(D5;D8)
C. =SUM(D5:D8)
D. =SUM(D5;D8)

9. Figures in a spreadsheet cell have been formatted as “number”. Which of the following
characteristics will NOT be available to adjust?
A. Number of decimal places
B. Commas to indicate thousands
C. Negative number formatting options
D. Currency symbols

10. Figures in a spreadsheet cell have been formatted as “accounting”. Which of the
following characteristic will NOT be available to adjust?
A. Number of decimal places
B. Commas to indicate thousands
C. Negative number of formatting options
D. Currency symbols

11. What is the effect of using brackets in a spreadsheet formula?

A. Divisions and multiplications are calculated before additions and subtractions
B. Additions and subtractions are calculated before divisions and multiplications
 C. The contents of the brackets are calculated first
D. The contents of the brackets are calculated last

12. The following spreadsheet shown an extract form a company’s sales figures.
A B C D E
1. Sales
2.
3. 2010 2011 2012
4. Region
5. NW 10,000 12,000 11,500
6. NE 7,000 6,200 8,200
7. SE 3,000 10,000 12,000
8. SW 1,500 5,750 5,600

The management accountant wishes to produce a chart to demonstrate the trends over
time between the different regions and is considering the following charts:
1. Stacked (compound) bar chart
2. Line charts
3. Pie charts
Which of the charts would be suitable?
A. 1 only
B. 1 & 2
C. 2 only
D. 1, 2 & 3

13. What type of error message does Excel give when you try to divide by a blank cell?
A. #VALUE!
B. #DIV/0!
C. #NUM!
D. #REF!

14. What type of error does Excel give when you place an invalid argument in a function?
A. #VALUE!
B. #DIV/0!
C. #NUM!
D. #REF!

15. Which of the following are correct descriptions applied to computer spreadsheets?
1. The intersection of each row and column defines a cell
2. Data is organised in rows and columns
3. An entire page of rows and columns is called a workbook
4. Each column is identified by a number
A. 1 & 2 only
B. 2 & 4 only
C. 3 & 4 only
D. 1, 2, 3 & 4

16. Which of the following statements concerning spreadsheet cells are correct?
1. A formula in a particular cell may calculate numbers for several cells
 2. Pressing CONTROL and END takes you to the last cell you entered anything into
3. Each cell can contain text, a number of a formula
4. Pressing CONTROL and HOME, takes you to cell A1
A. 1, 2 & 4
B. 1, 3 & 4
C. 2 & 3 only
D. 3 & 4 only

17. Which of the following are reasons for formatting data in a spreadsheet?
1. To make text (i.e. labels) more visually interesting
2. To get data into the correct order for analysis
3. To make numbers more descriptive of what they represent
4. To make the data appear as plain text
A. 1 & 3 only
B. 2 & 3 only
C. 2 & 4 only
D. 1, 2 & 3

18. A business wants to organize its operational data into a computer system for the entire
organization that will allow multiple-user access to files. Which of the following types of
general-purpose application package would be most suitable for this purpose?
A. Word processing
B. Spreadsheet
C. Integrated accounts
D. Database

19. Which of the following symbols are used in spreadsheet software?

1. /
2. *
3. ^
4. x
A. 2 & 3
B. 1, 2 & 3
C. 2, 3 & 4
D. All of them

20. Which of the following are disadvantages of spreadsheets?

1. Inability to efficiently identify data errors
2. Finite number of records
3. Most data managers are familiar with them
4. Lack of detailed sorting and querying abilities
A. 1 & 4
B. 1, 3 & 4
C. 1, 2 & 4
D. All of them

21. For which of the following tasks would a computer spreadsheet be most useful?
A. Cost coding structure
B. Product listing
C. Staff appraisal
 D. Variance analysis

22. On a spreadsheet, data is entered into:

A. A column
B. A cell
C. A row

23. Which of these statements is untrue?

A. Spreadsheets make the calculation and manipulation of data easier and quicker.
B. Spreadsheets are very useful for word-processing
C. Budgeting can be done very easily using spreadsheets

The following data applies to questions 24 to 26:

A B| C D F G
1 Jan Feb Mar Apr May
2 Sales 15,000 13,400 16,100 17,200 15,300
3 Cost of sales 11,090 10,060 12,040 13,000 11,100
4 Gross profit 3,910 3,340 4,060 4,200 4,200
5 Expenses 1,500 1,500 1,500 1,500 1,500
6 Net profit 2,410 1,840 2,560 2,700 2,700
7
8 Net profit %
24. The formula =C2-C3 will give the contents of which cell?
A. C6
B. C4
C. C5
D. C1

25. What would be the formula for March net profit?

A. =D2-D3
B. =B6+C6
C. =D4-D5
D. =D3*D8

26. What will be the formula to go in G8?

A. =G6/G2*100
B. =G4/100*G6
C. =G2/G6*100
D. =G6/G4*100

27. Which of the following is false with regards to computer spreadsheets?

A. They are also known as worksheets
B. They are used to record and compare numerical data
C. They contain various rows and columns
D. None of the above

28. Which of the following is a feature of computer spreadsheets?

A. Formula and linking
 B. Formatting
C. Data sorting
D. All of the above

29. A worksheet has an option of printing only a selected area.

A. True
B. False

30. A computer spreadsheet complicates the comparison of financial data.

A. True
B. False

31. Which of the following functions would you see, if you wanted to sue the same figures
from two different worksheets?
A. Filter function
B. Linking function
C. Sorting function
D. Protection function

32. Files can be imported from other software to a worksheet.

A. True
B. False

33. A particular cell, worksheet or a workbook can be locked so as to prevent unauthorized

access or changes in it, by the;
A. Linking function
B. Protect function
C. Import function
D. Filter function

34. Computer spreadsheets can never give incorrect results to a management accountant.
A. True
B. False

35. Which of the following is false with regard to computer spread sheets?
A. They are also known as worksheets
B. They are used to record and compare numerical data
C. They contain various rows and columns
D. None of the above

36. Mathematical calculations in spreadsheets are called:

A. Words
B. Labels
C. Formulae
D. Values

37. Which of the following functions would you use, if you wanted to use the same figures
from two different worksheets?
A. Filter function
 B. Linking function
C. Sorting function
D. Protection function

38. A particular cell, worksheet or a workbook can be locked so as to prevent unauthorised

access or changes in it, by the:
A. Linking function
B. Protect function
C. Import function
D. Filter function

39. Which of the following is a disadvantage of spread sheet software?

A. Analysis cannot be made of financial information
B. It cannot eliminate errors in calculation
C. Formulae are not available immediately under the figure for which the formulae are given
D. Data cannot be edited easily

40. Which of the following enables one to reach the extreme ends of an excel sheet?
A. Ctrl + side arrow
B. Alt + side arrow
C. Shift + side arrow
D. Tab + side arrow

41. Files can be imported from other software to a worksheet.

A. True
B. False

42. Computer spread sheets can never give incorrect results to a management accountant.
A. True
B. False

43. A management accountant wants to present the following information in a chart.

Direct Cost Production overhead Non-production Total cost
Overhead
Plant A 100 40 50 190
Plant B 150 60 80 310
Plant C 250 100 70 430
He/she is considering the following charts:
(i) Bar chart
(ii) Line chart
(iii) Scatter diagram
Which chart would be appropriate?
A. (I)
B. (ii)
C. (i) and (ii) only
D. (iii)

44. Formatting a cell in number format one cannot set

A. Currency symbol
 B. Negative number
C. Decimal places
D. 1000 separator

45. Which of the following sentences is true with regard to a spreadsheet?

(i) In order to remove a border from a table / cell, one needs to go to the border tool list and select
no border
(ii) Go to format cells function > borders tab > select ‘none’
A. None of the above
B. Only (i)
C. Only (ii)
D. Both (i) and (ii)

46. Which of the following descriptions are valid in a computer spread sheet?
(i) Numerical data is always entered in rows and alphabetical data is always entered in columns
(ii) Each column is identified by a number
(iii) The intersection of each row and column is called a cell
(iv) The entire rows and columns called worksheet
A. (i)
B. (i) and (iii)
C. (ii) and (iii)
D. (iii) and (iv)

47. Hyperlinks can be special shapes like stars or banners

A. True
B. False

48. In a spread sheet one can select

A. Rows
B. Columns
C. Entire worksheet
D. All of the above

49. Sorting function can be found in tab.

A. Tools
B. Format
C. Data
D. View

50. Background can be given in the spreadsheet from tab.

A. Insert
B. Page layout
C. Review
D. View

51. Which of the following is/are correct in regards of spreadsheets?

A. Column charts are used to compare values across categories
B. Area charts emphasis differences between several sets of data over a period of time
C. Pie charts display the contribution of each value to a total
 D. All of the above

52. Which of the following formulae is applied to the cell H8?

A. = SUM (D8,E8, F8,G8)

B. = SUM (D8:G8)
C. Both A and B
D. None of the above

53. Which of the following is an example of division formulae?

A. A/B
B. = C10/B9
C. = C10 ÷ B9
D. = 4,000 units / $20

54. Which of the following is not an example of addition formulae?

A. = B4 + C6
B. = SUM (B4:B10)
C. = SUM (B4, C6, D10, E11)
D. = SUM (B4 to B10)

55. Which of the following best describes the places where the costs in columns E
and F are entered?

A. Fields
B. Values
C. Formulae
 D. Cells

56. Existing excel data can be edited by using key:

A. F1
B. F2
C. F3
D. F4

57. The Auto fill feature automatically adds a range of cell values.
A. True
B. False

58. Which of the following is an absolute cell reference?

A. !A!1
B. #A#1
C. $A$1
D. = A1