CFA CFA I Exam Prep
CFA Level I Chartered Financial Analyst (Page 185 )

• Treatment one – easier to prepare: Convenience for the accounting team is not the main objective of financial reporting.
• Treatment two – fair representation: This is the correct choice because financial statements must faithfully represent the underlying transaction and its economic substance.
• Treatment three – maximises profit: Accounting policies must not be selected simply to manipulate or inflate reported profit.
• Treatment four – easier to understand: Understandability is important, but it cannot justify presenting information that is less faithfully represented.

• Help the team identify the root causes of delays.
• Empower the team to improve its workflow and practices.
• Facilitate removal of impediments.
• Avoid directing the team toward a solution without its involvement.
• Protect quality and sustainable delivery rather than simply accelerating everything.

• A: An impediment log may help, but merely recording problems does not empower the team to solve them.
• B: Directing the team to solutions conflicts with self-management.
• C: Adding impediments to the product backlog may incorrectly treat internal obstacles as product features and delays their resolution.

• B: Extending credit to customers increases receivables, so more cash is tied up in working capital.
• C: Replacing obsolete inventory does not reduce the overall inventory investment; it simply changes its composition.
• D: Paying suppliers earlier reduces payables. This uses cash and therefore increases the funds tied up in working capital.

• contoso.onmicrosoft.com
• contoso1.onmicrosoft.com

• onmicrosoft.com domains: Maximum of five per tenant.
• Custom domains: Domains that your organization owns and verifies in Microsoft 365.

• Constrained VMs: VMs whose workloads are experiencing resource pressure, such as insufficient CPU or memory. They may need additional resources or optimization.
• Overprovisioned VMs: VMs allocated more CPU, memory, or storage than their workloads require. Their resources may be reclaimed or reduced.

• Underprovisioned VMs: This is not the predefined view identified for this report question.
• Zombie VMs: These are typically inactive or unused VMs and are useful for cleanup, but they are not the two views specifically intended here to identify inefficient resource allocation.

• Vulnerability scanner: Identifies technical weaknesses in systems, applications, or devices.
• Penetration test: Simulates attacks to determine whether vulnerabilities can be exploited.
• SCAP (Security Content Automation Protocol): Uses standardized formats and protocols for automated vulnerability, configuration, and compliance checks.
• Illumination tool: Maps and analyzes broader supply-chain exposure and third-party risk.

• VPC: A logically isolated virtual network within a cloud provider; it describes network design, not the user-access model.
• NFV: Runs network services as software instead of on dedicated hardware.
• SaaS: Delivers software over the internet. Although the application may be delivered as SaaS, the question emphasizes its availability to multiple user groups, which points to multitenancy.

• Where to find the TiMOS runtime image
• Which configuration file to load
• The IP address and related settings for the CPM management Ethernet port

• A: User authorization is configured in the router’s security configuration, not primarily in the BOF.
• C: Hardware initialization is performed by the boot process and system software.
• D: The system date and time are configured separately, often through NTP or CLI settings.

xml 
<apex:page> 
    <apex:stylesheet value="{!URLFOR($Resource.MyStyles, 'styles/main.css')}" /> 
</apex:page>

• <apex:includeScript> is for JavaScript.
• <apex:includeStyle> is not a valid Visualforce component.
• <apex:require> is not the Visualforce tag used to load CSS.

spl 
error AND host=WWW3 
status=404 OR status=500 
NOT source=access.log

• Quotation marks are used for exact phrases or values containing spaces.
• Parentheses group parts of a Boolean expression, but they are not required for every Boolean search.

• Crash cart: Provides local physical access, not remote access.
• Jump box: A secured intermediary used to reach devices over the normal network; it may be inaccessible if the appliance has not booted.
• Secure Shell (SSH): Requires the device’s operating system and network services to be running properly.

• Security controls
• Processes and procedures
• Compliance evidence
• Performance against contractual requirements

• Service-level agreement (SLA): Defines expected service performance, such as uptime and response times.
• Memorandum of agreement (MOA): Documents a general agreement between parties, but does not necessarily provide audit rights.
• Supply chain analysis: Identifies risks across suppliers and dependencies, but is not a contractual mechanism for reviewing vendor controls.

• No servers or database infrastructure to provision.
• Uses standard SQL.
• Supports formats such as JSON, CSV, Parquet, and ORC.
• You typically define the table structure with AWS Glue Data Catalog or Athena’s own schema definitions.
• Charges are generally based on the amount of data scanned, so partitioning and columnar formats can reduce cost.
• It does not copy the data into a separate database; it reads the files in S3 when you run a query.

• A: It allows for branching and merging...

• C: It allows multiple engineers to work against the same code and configuration files and manage differences and conflicts.

• B: Build automation and infrastructure provisioning are handled by CI/CD and automation tools, not by version control alone.
• D: User Stories and backlogs are managed by project-management tools.
• E: Version control stores and tracks code, but it does not itself ensure that developers write effective unit tests.

• Data only needs to be current at 7 AM each day, so scheduled refresh is sufficient.
• Import mode provides the fastest report interaction because data is stored in Power BI’s in-memory engine.
• It supports row-level security (RLS), including the USERNAME() filter.
• You can limit the imported data to the current year and previous three years to reduce model size.
• DirectQuery would generally provide slower visual response times and is unnecessary here.
• Dual is mainly useful in composite models where some tables use DirectQuery and others use Import. That is not required by this scenario.
• Live connection is not appropriate because you are creating the semantic model.

• The listener uses a virtual IP address shared by the availability-group replicas.
• Floating IP, also called Direct Server Return (DSR), allows the SQL Server nodes to respond using the listener’s IP address rather than their individual VM IP addresses.
• This is required for the availability-group listener to function correctly with an Azure internal load balancer.

• S3 Glacier Deep Archive is designed for long-term archival data with very infrequent access and has a lower storage cost than S3 One Zone-IA.
• The documents are copies stored elsewhere, so reduced availability and delayed retrieval are acceptable.
• An S3 interface VPC endpoint allows private access from the VPC without exposing the bucket through the public internet.
• A bucket policy can restrict access to requests coming through that endpoint.

• Authentication: Verifies who the user is.
• Authorization: Determines what the authenticated user is allowed to access.
• Accounting: Records activity such as login times and resource usage.

• CIA: Confidentiality, integrity, and availability—the three core security goals.
• ACL: Access Control List, which defines permitted or denied traffic or access.
• PEM: A certificate and key encoding format, not the primary function of RADIUS.

1. Wireless AP

1. Router

1. Firewall

1. Device placement

• Dark web: A place where leaked credentials may be sold or shared, not usually the original source.
• Threat feeds: Collections of intelligence about threats, not a typical leakage source.
• State actors: A type of attacker, not an accidental corporate disclosure source.
• Vulnerability databases: Track known vulnerabilities, rather than leaked credentials.

apex 
for (Account updatedAccount : Trigger.new) { 
    AccountTriggerHelper.notinyxternalSystem(updatedAccount.Id); 
}

• Too many callouts: The callout occurs asynchronously in the future method, and each future transaction can perform its permitted callouts.
• Too many SOQL queries: The SOQL query is inside the future execution, not repeatedly in the trigger transaction.
• Callout from triggers not supported: Direct callouts from triggers are prohibited, but the trigger delegates the callout to asynchronous Apex, which is the correct pattern.

• RTO is how quickly service must be restored.
• RPO is how much data loss is acceptable.

• Snapshots: Restore points may be older and require restoration time.
• On-site backups: Usually require rebuilding or restoring systems, producing higher RTO/RPO.
• Journaling: Records database changes and can reduce data loss, but it still generally requires recovery or replay operations; it does not by itself provide the fastest service restoration.
• Hot site: Designed for rapid failover and minimal data loss.

• Denial-of-service: Prevents users from accessing a service; it does not normally redirect them.
• Social engineering: Manipulates people into taking an action, such as clicking a malicious link, but does not directly alter DNS resolution.
• ARP spoofing: Associates the attacker’s MAC address with another device’s IP address on a local network. It can intercept traffic, but the described website redirection is most specifically DNS poisoning.

• CHAP: Uses a challenge-response exchange, so the password is not directly transmitted.
• IPsec: Provides authentication, integrity, and encryption for IP communications.
• EAP: An authentication framework that supports stronger methods, such as certificates or token-based authentication.

1. Initiate — establish the project, scope, team, and governance.
2. Plan — develop the detailed plan, schedule, resources, and implementation approach.
3. Execute — configure, integrate, migrate, test, and prepare the solution.
4. Deploy — move the solution into production and support go-live.
5. Close — complete handover, confirm outcomes, and formally close the project.

• Use the grant-date fair value: $30
• Do not remeasure to the year-end value of $45
• Update the estimate of employees expected to vest

• Dr Share-based payment expense $450,000
• Cr Equity/share option reserve $450,000

• Marketing users: Dynamic Forms can show all fields.
• Support users: Field visibility rules can display only the Support preference fields on the record page.
• Reporting: Both profiles can still report on all fields because Dynamic Forms controls page visibility, not the underlying field access.

• A — Two record types and page layouts: Page layouts can control field placement and editability, but they are less flexible for conditional field visibility and would not be the best fit here.
• C — Muting permission set: Permission-set muting is used with permission-set groups; it does not conditionally hide fields on a page.
• D — Field-Level Security: FLS would remove field visibility at the security level. If fields are hidden by FLS, users generally cannot report on or access those fields, conflicting with the requirement that both users report on all data.

• Reporting relationships
• Organizational structures
• Leadership styles
• Team maturity
• Individual and group behavior
• Communication and motivation

• Acquire Project Team: Focuses on obtaining the people needed for the project.
• Develop Project Team: Focuses on improving team skills, relationships, and performance.
• Manage Project Team: Focuses on tracking performance, resolving issues, and managing changes within the team.

• Preparing and managing datasets
• Building and training machine-learning models
• Testing and evaluating models
• Deploying models as endpoints for predictions

• 10.2.1.0 — network address
• 10.2.1.1 — usable host
• 10.2.1.2 — usable host
• 10.2.1.3 — broadcast address

• Liability accounts (2000–2999) would incorrectly require dimensions, although they should have none.
• Expense accounts (6000–6998) would incorrectly require Customer, which should be optional.
• Account 6999 needs a separate rule because it requires all four dimensions, including Customer.

• 2000–2999: no dimensions
• 4000–4999: Department and Division required; Project and Customer optional
• 6000–6998: Department, Division, and Project required; Customer optional
• 6999: Department, Division, Project, and Customer required

Manager role

DAX 
Country[Manager] = USERPRINCIPALNAME()

• Sales
• Human Resources

CFO role

• See sales for all countries
• See no Human Resources data

• Do not restrict the Country table or Sales table.
• Apply a filter to Human Resources that always returns false, such as:

DAX 
FALSE()

• Share files with the wrong people
• Use public links unnecessarily
• Fail to classify sensitive data
• Upload data to unauthorized services
• Misunderstand company sharing policies

• A — Step-up authentication: Helps protect administrator accounts, but does not directly address improper file sharing by users.
• C — Password complexity: Helps reduce password attacks, not accidental data disclosure.
• D — Mobile device management: Secures managed mobile devices, but does not directly control file-sharing behavior across the organization.

• Accept: Acknowledging the risk and choosing not to take additional action.
• Transfer: Shifting the risk or financial consequences to another party, such as an insurer.
• Mitigate: Reducing the likelihood or impact through controls, such as patching or access restrictions.
• Avoid: Eliminating the activity that creates the risk.

• Economy: Obtaining inputs at the lowest appropriate cost.
• Efficiency: Making the best use of resources, such as staff, money, and equipment.
• Effectiveness: Achieving the intended objectives or outcomes.

• Training data for potential bias before model training
• Trained models for bias in predictions
• Model features to help explain how they influence predictions

• A: RAG workflows are typically built using services such as Amazon Bedrock, knowledge bases, and data sources.
• B: Monitoring model quality in production is primarily associated with SageMaker Model Monitor.
• C: Documenting model details is handled by capabilities such as SageMaker Model Cards.

• A hypervisor allows multiple virtual machines to run on one physical server.
• Each VM can have its own operating system, so the customer can consolidate Windows, Linux, and Unix servers.
• A Type 2 hypervisor runs on a host operating system and can be deployed on local hardware, helping address data privacy and avoiding ongoing public-cloud charges.

• Containers share the host operating system’s kernel.
• They are well suited to consolidating applications, but they generally cannot independently run a mix of unrelated kernels such as Windows, Linux, and Unix on one host.

• LastName: Required.
• FirstName: Optional.
• AccountId: Optional; a Contact may be associated with an Account later or remain private, depending on organization settings.
• Name: A compound display field made from first and last name; it isn’t entered as a separate field.

• A: Not expanding would increase its dependence.
• B: More business from the same corporation would make dependence worse.
• D: Passing work to other minority businesses does not solve its own dependence.
• E: The passage does not suggest that it can force or influence the corporation to give work to others.

1. Yes — Microsoft Foundry provides a secure, governed environment for building and managing generative AI applications and agents. It brings together models, data, tools, evaluation, deployment, and monitoring.

1. Yes — Foundry is designed for enterprise workloads and supports scaling AI applications as usage grows. Scalability comes from the underlying Azure services and managed infrastructure.

1. Yes — Foundry can be used in solutions involving image recognition and computer vision. Applications can use vision-capable models and Azure AI vision capabilities for tasks such as image analysis, object detection, and OCR.

• Plenum: Describes a fire-resistant cable jacket rating, not a transmission medium or speed.
• Ethernet: Describes a networking technology; Ethernet can use copper or fiber, so the term alone does not identify the fastest cable type.
• DAC (Direct Attach Copper): Uses copper and is typically intended for short-distance, high-speed connections in data centers.

• Deploy five individual VMs: This does not create a VM scale set.
• Modify Availability Zones or Size settings: These actions do not create the required scale set and add unnecessary steps.
• VM orchestration mode: This is Flexible orchestration, intended for more individually managed VMs and mixed configurations. It is not the best choice for a straightforward group of identical instances.

• The users currently have Office 365 Enterprise E3 licenses assigned directly.
• Assigning Microsoft 365 Enterprise E5 through a group does not automatically remove their directly assigned E3 licenses.
• From the Licenses blade, you can select the E3 product and remove it from all assigned users in one operation. This requires less effort than editing 2,500 users individually.

• Identity Governance manages access reviews, entitlement management, and related governance—not bulk license removal.
• Set-AzureAdUser does not remove product licenses.
• Set-WindowsProductKey applies Windows product keys and is unrelated to Microsoft 365 licensing.

• B. Versioned configuration files — Infrastructure is defined in machine-readable files and tracked in version control, allowing repeatable provisioning and change history.
• D. Docker files — Assuming “Doctor files” is a typo for Dockerfiles, a Dockerfile declaratively defines how to build a container image and is commonly considered infrastructure/configuration as code.

• A. Cloned virtual machine images — These are prebuilt infrastructure artifacts, but cloning an image is not itself a code-based infrastructure definition.
• C. Change management database records — A CMDB records information about infrastructure; it does not define or provision that infrastructure.

• Self-signed certificate — Causes a certificate trust warning, not incorrect name resolution.
• Nameserver record — A DNS record problem would usually affect multiple users, unless only this computer uses a different DNS server.
• IP helper — Relays certain network services, commonly DHCP, between subnets; it does not normally determine website name resolution.

• Additional running costs: $800
• Less depreciation: $300

• The $100 reduction in fixed production overhead absorbed is only an accounting reallocation. It does not represent an actual saving in total fixed overhead.

• User-generated content: precisa ser coletado, filtrado, anonimizado e rotulado.
• Moderation logs: podem conter dados inconsistentes, informações pessoais e decisões que precisam ser revisadas.
• Content moderation guidelines: são regras ou orientações, não dados diretamente utilizáveis para medir o comportamento do modelo.

• Enforce organizational rules, such as allowed regions or required tags
• Audit resources for compliance
• Deny noncompliant deployments
• Aggregate compliance results across subscriptions

• Instant messaging/chat: Can be abused to send malicious links or attachments, but is not the answer most directly associated with high-risk file sharing.
• E-mail: A common malware delivery method, but the question emphasizes an application type known for direct file exchange.
• End-to-end applications: This describes communication protection or architecture, not a specific malware distribution risk.

• Complete MFA, or
• Securely change their password

• Identity Protection: evaluates user and sign-in risk and can trigger remediation.
• Privileged Identity Management (PIM): manages temporary, just-in-time access to privileged roles; it does not automatically require password changes for risky sign-ins.