QUESTION: 29 Exam Topic: 1

in order forthe IT manager in cnarge of a company's disaster recovery plan to have complete planning documentation, he should ensure that the documentation includes all of the following except:

the results of the latest disaster recovery test run
the phone numbers of key employees
vendors who win set up the hot site
program and operating system documentation

Answer(s): C

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QUESTION: 30 Exam Topic: 1

Which statement below best describes therelationship among a company's organizational structure, policies. objectives and the effectiveness of the control environment?

The policies, organizational structure, and objectives set the foundation tor the internal control components and provide discipline and structure
Management can determine the organizational structure, policies and objectives to create the control environment after the risks are identified
The control activities have more influence on the control environment than the organizational structure policies and objectives
The control environment often Is completely Independent and distinct from the organizational structure policies. and objectives

Answer(s): A

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QUESTION: 31 Exam Topic: 1

Which oneof the following best describes the difference between a normal costing system and an actual costing system?

Direct labor cost is estimated using a predetermined rate under a normal costing system, while it is the actual value under an actual costing system.
Direct material cost is estimated using a predetermined rate under a normal costing system while it is the actual value under an actual costing system
Factory overhead cost is estimated using a predetermined rate under a normal costing system,while it is me actual value under an actual costing system.
Both direct labor cost and direct material cost are estimated using a predetermined rate under a normal costing system, while they are the actual value under an actual costing system

Answer(s): C

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Company A currently uses U.S GAAP while Company 8 is currently using IFRS. Both companies are individually in the process of internally developing trademarks that have been demonstrated to be technically andeconomically feasible Both companies have incurred development costs in the current year with respect to their internally developed trademarks.
Which one of the following best describes how Company A and Company B should account for these development costsin their financial statements?

Company A should expense the development costs while Company B should capitalize the development costs
Company A should capitalize the development costs while Company B should expense the development costs
Both Company A and Company B should capitalize the development costs
Both Company A and Company B should expense the development costs

Answer(s): D

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Free CMA-FINANCIAL-PLANNING-PERFORMANCE-AND-ANALYTICS Exam Braindumps (page: 8)

QUESTION: 29 Exam Topic: 1

QUESTION: 30 Exam Topic: 1

QUESTION: 31 Exam Topic: 1

QUESTION: 32 Exam Topic: 1