AFE Designation AFE Reddit Questions

Accredited Financial Examiner Questions and Answers

Question 33

A basic premise underlying the application of is that it is reasonable to assume that plausible relationships among data exist and continue in the absence of known conditions to the contrary.

Options:

Independent estimates

Statistical claims

Analytical procedures

None of the above

Question 34

For Generally Accepted Accounting Principles (GAAP), the four methods for reporting the results of operations and financial position of a subsidiary (investee) by a parent (investor) are:

Options:

Renovation, Equity Basis, Market, Cost

Consolidation, Equity Basis, Market, Cost

Equity Basis, Market, Cost, Time

Market, Cost, Performance, Time

Question 35

_______ include financial statements and notes, both on a consolidated and non consolidated basis.

Options:

The annual Return

Provincial Adequacy Return

Constraints of self assessment

Static Capital Adequacy Test

Question 36

Internal Control is:

Options:

the process of controlling the impact of risk related events on a company

the process of planning the processes in order to avoid risk related events to a company

the process of designing the models to avoid risk related events on a company

All of the above

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Accredited Financial Examiner Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce