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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Dumps - Actual Questions Answers

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CMA-Financial-Planning-Performance-and-Analytics Questions and Answers

Question # 1

Which one of me following statements is correct concerning the Sarbanes-Oxley Act of 2002?

A.

A company's Chief Accounting Officer cannot have been employed by the company's audit firm for the five years preceding the audit

B.

The five-member Public Company Accounting Oversight Board will be overseen by the AICPA and the FASB working together

C.

Corporate executives must personally certify the financial statements and company disclosures under the possibility of imprisonment

D.

The company's audit firm must be rotated every five years and the lead auditor must be rotated every year

Question # 2

Which one of the following represents a temporary difference under U.S GAAP?

A.

Accrued liabilities

B.

interest received in municipal bonds

C.

Percentage depletion of natural resources

D.

Fines and expenses resulting from violation of the law

Question # 3

One major output of an accounting information system's financing cycle is a summary of

A.

actual operating cash inflows

B.

actual operating cash outflows

C.

forecasted cash needs

D.

current cash balances.

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