Information Systems in Business
ICAN Management Information
14 Information Systems in Business practice questions covering everything you need for ICAN.
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Asejere Nigeria Limited (ANL) is a leading distributor of fast-moving consumer goods (FMCG) headquartered in Lagos, with regional hubs in Kaduna, Enugu, and Kano. Over the past three years, the compan…
Eko Retail Solutions Limited is a fast-growing supermarket chain headquartered in Lagos with branches in Abuja, Port Harcourt, and Kano. The Managing Director, Alhaji Musa Bello, recently attended a b…
Zenith Pharmaceuticals Nigeria Plc is a publicly listed pharmaceutical manufacturer based in Ogun State. The company supplies drugs to federal government hospitals, state health facilities, and privat…
The Federal Inland Revenue Service (FIRS) has recently launched a digital transformation initiative aimed at improving tax compliance, reducing revenue leakages, and enhancing taxpayer experience acro…
A company's Management Information System (MIS) generates a monthly exception report flagging all employees whose gross pay exceeds ₦500,000. Under the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (…
Kano Steel Plc, a listed company, uses a cloud-based accounting system to prepare its financial statements in compliance with IFRS as adopted in Nigeria. The external auditors, applying ISA 315 (Revis…
A Nigerian bank implements an Artificial Intelligence-based fraud detection system that analyses real-time transaction patterns and alerts compliance officers when anomalies are detected. This system …
Zenith Manufacturing Limited processes 50,000 sales transactions daily. Each transaction record requires 2 KB of storage. The company retains transaction data for 7 years as required by its internal p…
Under CAMA 2020, Section 374, every company is required to keep proper accounting records. A company's Chief Information Officer proposes migrating all accounting records to a blockchain-based immutab…
A Decision Support System (DSS) used by the board of Enugu Cement Plc presents three pricing scenarios for a new product. Scenario A yields a contribution of ₦45,000,000, Scenario B yields ₦62,000,000…
Abuja Logistics Limited is evaluating a new fleet management system costing ₦85,000,000. The system is expected to reduce annual operating costs by ₦22,000,000 and generate additional revenue of ₦8,00…
A Nigerian manufacturing company uses an Enterprise Resource Planning (ERP) system. The Finance Act 2021 introduced a 7.5% VAT rate on taxable supplies. When the ERP system automatically calculates VA…
Under the Financial Reporting Council of Nigeria (FRCN) Act 2011, public interest entities are required to maintain adequate internal controls over financial reporting. Which type of information syste…
Adeola Traders Limited, a VAT-registered entity, purchases goods worth ₦12,500,000 (VAT-exclusive) and sells them for ₦18,000,000 (VAT-exclusive). Using the VAT Act Cap V1 LFN 2004 (as amended) at a r…