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| ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS) | ||
| END SEMESTER EXAMINATION – MARCH/APRIL 2016 | ||
| B.COM(BPM)– II SEMESTER | ||
| C3 15 mc201 : FINANCE AND ACCOUNTING FOR BPS | ||
| Duration: 3 Hours Max. Marks: 100 | ||
| SECTION – A | ||
| I) | Answer ALL the questions. Each carries 2 marks. (10×2=20) | |
| 1. | What is Vendor Support? | |
| 2. | What is meant by Six Sigma? | |
| 3. | What is meant by Credit Management? | |
| 4. | What is CoA? | |
| 5. | What is meant by Invoice Processing? | |
| 6. | Define SCM. | |
| 7. | What is IFRS? | |
| 8. | Why and by who was SOX act, 2002 passed? | |
| 9. | What is a lock box? | |
| 10. | What is meant by netting settlement? | |
| SECTION – B | ||
| II) | Answer any FOUR questions. Each carries 5 marks. (4×5=20) | |
| 11. | What is meant by Lean? State the 5 steps in Generic Approach to Lean out any process. | |
| 12. | Expand the following:
1. BCP 6. EDI 2. XBRL 7. T & E 3. OCR 8. MRP 4. SAP 9. R2R 5. EFT 10. O2C
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| 13. | The following transaction took place in Asha Ltd., in respect of purchase and issue of material X.
2nd Jan – Purchased 4,000 units at Rs. 4 per unit 20th Jan – Purchased 500 units at Rs. 5 per unit 5th Feb – Issued 2,000 units 10th Feb – Purchased 6,000 units at Rs. 6 per unit 12th Feb – Issued 4,000 units 2nd Mar – Issued 1,000 units 5th Mar – Issued 2,000 units 15th Mar – Purchased 4,500 units at Rs. 5.50 per unit 20th Mar – Issued 3,000 units Prepare stored ledger account under LIFO method.
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| 14. | What is meant by Information Security? What are the different IS measures in BPS. | |
| 15. | Define OCR? Bring out the advantages and disadvantages of OCR. | |
| 16. | Briefly explain the transaction flows in a BPS. | |
| SECTION – C | ||
| III) | Answer any THREE questions. Each carries 15 marks. (3×15=45) | |
| 17. | Explain in detail the provisions of SOX act, 2002. | |
| 18. | Explain the processes of P2P in BPS industry with example. | |
| 19. | Bring out the Accounting Cycle in BPS and explain the same. | |
| 20. | What is meant by Collection in BPS? Explain the various methods of Collections in BPS | |
| 21. | As an employee of a Software Company, you are asked to explain ERP tool to a company who wants to adapt this ERP tool in the company. | |
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SECTION – D |
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| IV) | Case Study – Compulsory question. (1×15=15) | |
| 22. | a. Mr. A was appointed as the CFO of TAT outsourcing company. His 1st assignment at work was to present the role of quality. Mr. A seeks your help, as you are trained in this field of BPS, in clearly defining the role of quality for his company. Give your guidance in the same and explain in detail the role of quality. (10 marks)
b. Pass journal entries for the following: 1. Payment made to Mr. A, Rs. 1,000. He allowed a cash discount of Rs. 50 2. Cash received from Mr. X, Rs. 800 and allowed him a discount of Rs. 50 3. Mr. R supplied goods costing Rs. 1,000 to Mr. S at a invoice price of 10% above cost at a trade discount of 5%. 4. Mr. D purchased goods of the invoice value of Rs. 10,000 at 10% trade discount from Mr. S. 5. Income tax liability of Mr. A, Rs.1,000 paid in cash. ( 5 marks) |
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