BSNS115 - Information Systems Study
Guide Exam with Actual Answers 2026
Updated.
Comparative information - Answer allows users to see how firm's financial position has
changed between current and past financial periods
cash basis - Answer only when actual cash moves
Accrural basis accounting - Answer recorded in the period the transaction occurs regardless
of whether cash moves
Net assets= - Answer OE
Management accounting - Answer classified by the way it behaves
Finc accounting - Answer classified by nature or function
Total cost= - Answer fixed cost + variable cost
C-V-P analysis - Answer analyses relationship between cost of business activity and output
all costs either fc or vc
assumptions of cost behaviour - Answer relevant range and linearity
cost margin - Answer difference between VC and selling price. cm determines what portion
of a sale is FC and profit
TCM= - Answer sales-variable cost
UCM= - Answer selling price per unit- vc per unit
CM ratio - Answer Total CM/Sales
CM ratio per unit - Answer UCM/SP
, break-even point - Answer the point where total revenue equals total cost
BE in units - Answer FC/CM per unit
BE in $ - Answer FC/CM ratio or BE units X SP
BE + desired profit in units - Answer FC + profit/ CM per unit
BE + Desired Profit - $ - Answer FC + P/CM ratio or X SP
Two types of analysis - Answer qualitative and quantitative
Scarce resource decision - Answer how should i allocate my resources?
make or buy decision - Answer is it cheaper to make or buy this product?
Special Order Decisions - Answer do i have the capacity to accept this one off order?
Value Chain Functions - Answer functions that add value for the customer
cost assignment/accumulation - Answer to assign define cost object, cost pool, cost driver
info systems - Answer the study of info and its role within an organisation
Operating Leverage - Answer the mix of fc and vc because it matters if we have more or less
fc
higher fixed=higher operative leverage=higher risk because we are committed
Higher fixed costs - Answer higher operating leverage and risk
relevant costing - Answer costs that are relevant when making a financial decision
Examples of relevant costing - Answer differential cost
opportunity cost
Guide Exam with Actual Answers 2026
Updated.
Comparative information - Answer allows users to see how firm's financial position has
changed between current and past financial periods
cash basis - Answer only when actual cash moves
Accrural basis accounting - Answer recorded in the period the transaction occurs regardless
of whether cash moves
Net assets= - Answer OE
Management accounting - Answer classified by the way it behaves
Finc accounting - Answer classified by nature or function
Total cost= - Answer fixed cost + variable cost
C-V-P analysis - Answer analyses relationship between cost of business activity and output
all costs either fc or vc
assumptions of cost behaviour - Answer relevant range and linearity
cost margin - Answer difference between VC and selling price. cm determines what portion
of a sale is FC and profit
TCM= - Answer sales-variable cost
UCM= - Answer selling price per unit- vc per unit
CM ratio - Answer Total CM/Sales
CM ratio per unit - Answer UCM/SP
, break-even point - Answer the point where total revenue equals total cost
BE in units - Answer FC/CM per unit
BE in $ - Answer FC/CM ratio or BE units X SP
BE + desired profit in units - Answer FC + profit/ CM per unit
BE + Desired Profit - $ - Answer FC + P/CM ratio or X SP
Two types of analysis - Answer qualitative and quantitative
Scarce resource decision - Answer how should i allocate my resources?
make or buy decision - Answer is it cheaper to make or buy this product?
Special Order Decisions - Answer do i have the capacity to accept this one off order?
Value Chain Functions - Answer functions that add value for the customer
cost assignment/accumulation - Answer to assign define cost object, cost pool, cost driver
info systems - Answer the study of info and its role within an organisation
Operating Leverage - Answer the mix of fc and vc because it matters if we have more or less
fc
higher fixed=higher operative leverage=higher risk because we are committed
Higher fixed costs - Answer higher operating leverage and risk
relevant costing - Answer costs that are relevant when making a financial decision
Examples of relevant costing - Answer differential cost
opportunity cost
