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CFE-Financial-Transactions-and-Fraud-Schemes Testking | CFE-Financial-Transactions-and-Fraud-Schemes Valid Test Vce
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Achieving the CFE-Financial-Transactions-and-Fraud-Schemes certification demonstrates a professional's expertise and commitment to the field of fraud examination. It provides individuals with the skills and knowledge needed to detect, investigate, and prevent financial fraud, and also enhances their credibility and earning potential. Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam certification can be obtained by passing the CFE-Financial-Transactions-and-Fraud-Schemes Exam, which is a rigorous and challenging test that requires a high level of knowledge and understanding of fraud examination.
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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Certification Exam is a highly recognized certification for professionals who are looking to specialize in fraud examination and financial transactions. Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam certification is offered by the Association of Certified Fraud Examiners (ACFE), which is considered to be the world's largest anti-fraud organization. The CFE-Financial-Transactions-and-Fraud-Schemes Exam focuses on the detection, prevention, and investigation of fraud in financial transactions and schemes. It covers topics such as money laundering, financial statement fraud, and asset misappropriation.
ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Sample Questions (Q13-Q18):
NEW QUESTION # 13
By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.
- A. Misappropriations
- B. Matching
- C. Fraudulent statement
- D. Conservatism
Answer: D
ย
NEW QUESTION # 14
Which of the following is a method that might be used to fraudulently overstate the accounts receivable balance?
- A. Understating net worth
- B. Failing to record bad debt expense
- C. Failing to record depreciation expense
- D. Overstating inventory
Answer: D
ย
NEW QUESTION # 15
When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:
- A. Expense
- B. Financial record
- C. Equity
- D. Accrual basis accounting
Answer: D
ย
NEW QUESTION # 16
Which of the following is an example of a cash larceny scheme?
- A. Michael is a cashier at a clothing store. He rings up a fictitious return of a $50 sweater and takes $50 from the cash register.
- B. Laura pretends to ring up a sale when Amy makes a purchase, but instead she pockets Amy's cash and gives her the merchandise without recording the sale.
- C. Anne buys a $500 table from a resale shop. Olive, the cashier, rings up a $400 sale on the register and steals the excess $100.
- D. Scott rings a "no sale" transaction at his cash register, opens the drawer, and takes a $100 bill.
Answer: A
Explanation:
Explanation/Reference: https://www.agacgfm.org/Intergovernmental-Toolbox/Fraud-Prevention/Tools-by-Fraud-Type/Cash-Larceny.aspx#:~:text=Among%20the%20five%20most%20prevalent,Stealing%20cash%20from%20the%
20register
ย
NEW QUESTION # 17
Which of the following items do NOT appear on the balance sheet?
- A. Liabilities
- B. Owners' equity
- C. Assets
- D. Expenses
Answer: D
ย
NEW QUESTION # 18
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