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SOFE AFE Exam With Confidence Using Practice Dumps

Exam Code:
AFE
Exam Name:
Accredited Financial Examiner
Certification:
AFE Designation
Vendor:
SOFE
Questions:
286
Last Updated:
Dec 26, 2024
Exam Status:
Stable
SOFE AFE

AFE: AFE Designation Exam 2024 Study Guide Pdf and Test Engine

Are you worried about passing the SOFE AFE (Accredited Financial Examiner) exam? Download the most recent SOFE AFE braindumps with answers that are 100% real. After downloading the SOFE AFE exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the SOFE AFE exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the SOFE AFE exam on your first attempt, we have compiled actual exam questions and their answers. 

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Question 1

GAAP have two important functions. First, they provide a set of standards that endeavor to measure with reasonable accuracy the assets held, liabilities owed, revenue earned, and expenses incurred by the company. For life insurance companies these measurement rules have been prescribed specifically for their specialized products. The second important function of GAAP is:

Options:

A.

To ensure the comparability of financial data from year to year within each company and with similar data prepared by other companies

B.

To ensure the comparability of financial data

C.

To ensure the comparability of financial data from month to month within each company and with similar data prepared by other companies

D.

To ensure the comparability of financial data from quarter to quarter within each company and with similar data prepared by other companies

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Question 2

Insurers issuing participating policies sometimes incur dividends which have been earned but which have not been disbursed or otherwise credited as of the financial statement date. Such dividends represent a due and unpaid liability amount. Reasons why dividends may be due and unpaid include all of the following EXCEPT:

Options:

A.

Premium payment transactions not recorded within the last processing cycle for the reporting period.

B.

All premiums paid to the anniversary date

C.

The policy anniversary date is near the end of the calendar year and the policyholder has elected to receive dividends in cash, but the cash dividend has not yet been disbursed

D.

The policy anniversary date is near the end of the calendar year and the policyholder has elected to have the dividend reduce the premiums, but the premium for the next policy year has not yet been received

Question 3

A change in _______ or its application is appropriate if the change results in a measurement that is equally or more representative of fair value in the circumstances.

Options:

A.

Valuation technique

B.

Value technique

C.

Investment approach

D.

Accounting corrections

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