Question Tag: Cybersecurity

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  • 8 Marks

SCS – Nov 2024 – L3 – Q1b – Digital Challenges in Accounting

Discuss the challenges of digital transformation in accounting, covering cybersecurity, compliance, and ethical concerns.

In the contemporary business landscape, the integration of digital technologies presents multifaceted challenges for accounting professionals, particularly in the areas of digital transition, cybersecurity, regulatory compliance, and ethical decision-making. Explain each of these challenges.

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  • 14 Marks

CR – Nov 2024 – L3 – Q5b – Financial Performance & Digital Technology Integration

Evaluating the financial performance of Nsawkaw PLC and addressing challenges of digital technology integration in accounting.

(a) Compute the following ratios for the years ended 2024 & 2023:
i) Operating profit margin
ii) Return on parent’s equity
iii) Earnings per share
iv) Current ratio
v) Trade receivables days
vi) Total liabilities to total assets %

(b) Write a report to the directors of DPEF evaluating the inter-period financial performance and position of NK using the above six (6) ratios. The report should draw attention to how the non-financial metrics combine with the financial counterparts to showcase the prospects and viability of NK.                                                                      c) The concept of double materiality is relevant to sustainability impacts and dependencies. It
incorporates financial materiality and impact materiality. 

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  • 10 Marks

BMIS-Nov-2024-L1-Q3b-Hofstede’s Dimensions of Organisational Culture

Explains Hofstede's cultural dimensions and what a 51% blockchain attack entails.


Culture is a set of dominant beliefs, attitudes, values, and norms that is shared by a number of people. It is the collective programming of the mind that distinguishes the members of one group from members of another group. Likewise, the culture of a business organisation in one country will differ from the culture of organisations in a different country. Multinational companies face the challenge of trying to create a common original culture for an organisation that operates across national boundaries.
Hofstede developed a cultural dimension theory used to understand differences in culture across countries and the ways that business is done across different cultures.
Required:
According to Hofstede, explain FOUR dimensions to differences in organisational culture arising from differences in national culture.

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  • 15 Marks

PM – Nov 2016 – L2 – Q7 – Risk Management

This question involves advising a company on how to protect its data from hackers and viruses, addressing cybersecurity threats and preventive measures.

Adak Nigeria Limited sells its products through the internet. Many people around the world have access to its website to transact various businesses. Recently, the company has been experiencing security issues with its business processes. The management has raised concerns about the following:

a. How to protect its data from hackers.
b. How to prevent its files from being destroyed by viruses.

As a Performance Management Expert, you have been consulted to provide advice on the following:
(i) How to protect the company’s data from hackers.
(ii) The types of viruses that can affect the company’s files.

Required:
Prepare a paper that addresses the concerns above.

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  • 1 Marks

BL – Nov 2021 – L1 – SA – Q3 – Nigerian Legal System

Identifying offences covered by the Nigerian Cybercrime Act 2015.

Which of the following offences is NOT provided for in the Nigerian Cybercrime Act 2015?
A. Hacking computer systems
B. Cyber-bullying
C. Trafficking in persons
D. Child pornography offences
E. Identity theft

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  • 1 Marks

MI – Nov 2023 – L1 – SA – Q19 – Information System Development and Security

Identifying the security measure most likely to protect a database system from hackers.

Which of the following is MOST likely to protect an organisation’s database system from hackers?
A. Card-key locks
B. Virus detection
C. Encryption of data
D. Firewalls
E. Hard to determine passwords

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  • 6 Marks

MI – May 2023 – L1 – SB – Q5d – Information Systems

This question asks for an explanation of the differences between threat, vulnerability, and risk in information security.

Explain the differences amongst threat, vulnerability, and risk.

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  • 1 Marks

BL – May 2017 – L1 – SA – Q10 – Business Ethics and Corporate Governance

Identifying a method to authenticate an email message.

A statement in an e-mail message could be authenticated by
A. Comparing the e-mail message with other self-authenticating e-mail messages
B. The testimony of a related witness
C. Some common features of the accepted e-mail message
D. The oral evidence of a computer operator
E. Franking processes

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  • 1 Marks

MI – Mar-Jul 2020 – L1 – SA – Q16 – Information System Development and Security

Identify the item that is not a security threat related to computer crime or abuse.

Security threats related to computer crime or abuse include the following, EXCEPT:

A. Impersonation
B. Trojan horse method
C. Logic bomb
D. Computer viruses
E. Authentication

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  • 1 Marks

MI – May 2024 – L1 – SA – Q19 – Information Systems Development and Security

Identifies the technical term for illegal copying of software.

The act of illegal copying of a set of instructions or programs is technically described as which of the following?

A. Virus attack
B. Piracy
C. Theft
D. Crime
E. Privacy infringement

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  • 8 Marks

SCS – Nov 2024 – L3 – Q1b – Digital Challenges in Accounting

Discuss the challenges of digital transformation in accounting, covering cybersecurity, compliance, and ethical concerns.

In the contemporary business landscape, the integration of digital technologies presents multifaceted challenges for accounting professionals, particularly in the areas of digital transition, cybersecurity, regulatory compliance, and ethical decision-making. Explain each of these challenges.

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  • 14 Marks

CR – Nov 2024 – L3 – Q5b – Financial Performance & Digital Technology Integration

Evaluating the financial performance of Nsawkaw PLC and addressing challenges of digital technology integration in accounting.

(a) Compute the following ratios for the years ended 2024 & 2023:
i) Operating profit margin
ii) Return on parent’s equity
iii) Earnings per share
iv) Current ratio
v) Trade receivables days
vi) Total liabilities to total assets %

(b) Write a report to the directors of DPEF evaluating the inter-period financial performance and position of NK using the above six (6) ratios. The report should draw attention to how the non-financial metrics combine with the financial counterparts to showcase the prospects and viability of NK.                                                                      c) The concept of double materiality is relevant to sustainability impacts and dependencies. It
incorporates financial materiality and impact materiality. 

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  • 10 Marks

BMIS-Nov-2024-L1-Q3b-Hofstede’s Dimensions of Organisational Culture

Explains Hofstede's cultural dimensions and what a 51% blockchain attack entails.


Culture is a set of dominant beliefs, attitudes, values, and norms that is shared by a number of people. It is the collective programming of the mind that distinguishes the members of one group from members of another group. Likewise, the culture of a business organisation in one country will differ from the culture of organisations in a different country. Multinational companies face the challenge of trying to create a common original culture for an organisation that operates across national boundaries.
Hofstede developed a cultural dimension theory used to understand differences in culture across countries and the ways that business is done across different cultures.
Required:
According to Hofstede, explain FOUR dimensions to differences in organisational culture arising from differences in national culture.

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  • 15 Marks

PM – Nov 2016 – L2 – Q7 – Risk Management

This question involves advising a company on how to protect its data from hackers and viruses, addressing cybersecurity threats and preventive measures.

Adak Nigeria Limited sells its products through the internet. Many people around the world have access to its website to transact various businesses. Recently, the company has been experiencing security issues with its business processes. The management has raised concerns about the following:

a. How to protect its data from hackers.
b. How to prevent its files from being destroyed by viruses.

As a Performance Management Expert, you have been consulted to provide advice on the following:
(i) How to protect the company’s data from hackers.
(ii) The types of viruses that can affect the company’s files.

Required:
Prepare a paper that addresses the concerns above.

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  • 1 Marks

BL – Nov 2021 – L1 – SA – Q3 – Nigerian Legal System

Identifying offences covered by the Nigerian Cybercrime Act 2015.

Which of the following offences is NOT provided for in the Nigerian Cybercrime Act 2015?
A. Hacking computer systems
B. Cyber-bullying
C. Trafficking in persons
D. Child pornography offences
E. Identity theft

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  • 1 Marks

MI – Nov 2023 – L1 – SA – Q19 – Information System Development and Security

Identifying the security measure most likely to protect a database system from hackers.

Which of the following is MOST likely to protect an organisation’s database system from hackers?
A. Card-key locks
B. Virus detection
C. Encryption of data
D. Firewalls
E. Hard to determine passwords

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  • 6 Marks

MI – May 2023 – L1 – SB – Q5d – Information Systems

This question asks for an explanation of the differences between threat, vulnerability, and risk in information security.

Explain the differences amongst threat, vulnerability, and risk.

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  • 1 Marks

BL – May 2017 – L1 – SA – Q10 – Business Ethics and Corporate Governance

Identifying a method to authenticate an email message.

A statement in an e-mail message could be authenticated by
A. Comparing the e-mail message with other self-authenticating e-mail messages
B. The testimony of a related witness
C. Some common features of the accepted e-mail message
D. The oral evidence of a computer operator
E. Franking processes

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  • 1 Marks

MI – Mar-Jul 2020 – L1 – SA – Q16 – Information System Development and Security

Identify the item that is not a security threat related to computer crime or abuse.

Security threats related to computer crime or abuse include the following, EXCEPT:

A. Impersonation
B. Trojan horse method
C. Logic bomb
D. Computer viruses
E. Authentication

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  • 1 Marks

MI – May 2024 – L1 – SA – Q19 – Information Systems Development and Security

Identifies the technical term for illegal copying of software.

The act of illegal copying of a set of instructions or programs is technically described as which of the following?

A. Virus attack
B. Piracy
C. Theft
D. Crime
E. Privacy infringement

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