iPass4sure.net

Certification Practice Test | PDF Questions | Actual Questions | Test Engine | Pass4Sure

SOFE-CFE : SOFE Certified Financial Examiner (CFE)

Financial SOFE-CFE Questions & Answers

Full Version: 416 Q&A


Latest SOFE-CFE Exam Questions and Practice Tests 2025 - Killexams.com


CFE Dumps CFE Braindumps

CFE Real Questions CFE Practice Test CFE Actual Questions


killexams.com


SOFE


SOFE-CFE


SOFE Certified Financial Examiner (CFE)


https://killexams.com/pass4sure/exam-detailSOFE-CFE


QUESTION: 394

The costs that provide a benefit to a company over more than one accounting period are

called:


  1. Capital expenses

  2. Revenue expenses

  3. Asset expenses

  4. Manufacturing equipments expenses


Answer: A


QUESTION: 395

are potential obligations that will materialize only if certain events

occur in future.


  1. Warranties returns

  2. Liability omissions

  3. Contingent liabilities

  4. Concealed expenses


Answer: C


QUESTION: 396

According to Accounting Changes and Errors Corrections, which of the following is

NOT the type accounting change that must be disclosed to avoid misleading the user of financial statements?


  1. accounting principles

  2. estimates

  3. reporting entities

  4. liability omissions


Answer: D


QUESTION: 397

Improper asset valuations usually fall into which of the following category?


  1. Inventory valuation

  2. Accounts receivable

  3. Business combinations

  4. All of the above


Answer: D


QUESTION: 398

To debit accounts receivables and credit sales is the typical entry under:


  1. Fictitious account payables

  2. Fictitious account receivables

  3. Failure to write off account receivables

  4. Failure to write off account payables


Answer: B


QUESTION: 399

Which of the following is NOT the scheme of fixed assets that are subject to

manipulation?


  1. Related party transactions

  2. Booking fictitious assets

  3. Misrepresentation asset valuation

  4. Improperly capitalizing inventory and start-up costs


Answer: A


QUESTION: 400

Which type of misstatements are considered relevant fro audit purpose?


  1. Misstatements arising from fraudulent financial reporting

  2. Misstatements arising from misappropriation of assets

  3. Both A and B

  4. Neither A nor B


Answer: C


QUESTION: 401

In identifying risks that may result in material misstatements sue to fraud, auditors should consider:


  1. type of risk

  2. significance of risk

  3. pervasiveness of risk


  4. All of the above


Answer: D


QUESTION: 402

Judgments about the risk of material misstatement due to fraud have an overall effect on

how the audit is concluded in what ways?


  1. Assignment of personnel and supervision

  2. Accounting principles

  3. Predictability of auditing procedures

  4. All of the above


Answer: D


QUESTION: 403

Which of the following is NOT included in financial statement analysis?


  1. Vertical analysis

  2. Horizontal analysis

  3. Fraction analysis

  4. Ratio analysis


Answer: C


QUESTION: 404

A technique for analyzing the relationships between the items on an income statement, balance sheet, or statement of cash flows by expressing components as percentages is called:


  1. Vertical analysis

  2. Horizontal analysis

  3. Fraction analysis

  4. Ratio analysis


Answer: A


QUESTION: 405

A technique for analyzing the percentage change in individual financial statement items

from one year to the next in known as:


  1. Vertical analysis

  2. Horizontal analysis

  3. Fraction analysis

  4. Ratio analysis


Answer: B


QUESTION: 406

A fraction analysis is a means of measuring the relationship between two different financial statement amounts.


  1. True

  2. False


Answer: B


QUESTION: 407

The formula to calculate quick ratio is:


  1. Quick ratio = (Credit + Securities + Receivables) / Current liabilities

  2. Quick ratio = (Cash + Securities + Payables) / Final liabilities

  3. Quick ratio = (Credit + Securities + Payables) / Final liabilities

  4. Quick ratio = (Cash + Securities + Receivables) / Current liabilities


Answer: D


QUESTION: 408

The receivable turnover can be calculated by which of the following formula:


  1. Receivable turnover = Net Sales on Account / Average Net Receivables

  2. Receivable turnover = Gross Sales on Account / Average Gross Receivables

  3. Receivable turnover = Net Sales on Receivables / Average Net Account

  4. Receivable turnover = Gross Sales on Receivables / Average Gross Account


Answer: A


QUESTION: 409

Collection ratio can be calculated by the formula:


  1. Collection Ratio = 365 / Payable Turnover

  2. Collection Ratio = 365 + Net Income / Receivable Turnover


  3. Collection Ratio = 365 / Receivable Turnover

  4. Collection Ratio = 365 + Net Sales / Receivable Turnover


Answer: C


QUESTION: 410

Which of the following is the formula for the inventory turnover?


  1. Inventory turnover = Cost of Goods Purchased / Average Inventory

  2. Inventory turnover = Cost of Goods Sold / Average Inventory

  3. Inventory turnover = Cost of Goods Sold / Total Inventory

  4. Inventory turnover = Cost of Goods Purchased / Total Inventory


Answer: B


QUESTION: 411

The modification of behavior through the perception of negative sanctions is called:


  1. Endorsement

  2. Deterrence

  3. Consent

  4. Authorization


Answer: B


QUESTION: 412

What is considered by most professionals to be the cornerstone of an employee reporting program?


  1. Focus line

  2. Report Foundation

  3. Hotline

  4. Imputed Reports


Answer: C


QUESTION: 413

Which of the following is NOT the type of hotline?


  1. Part-time hotline

  2. Full-time hotline


  3. Third-party hotline

  4. Detective hotline


Answer: D


QUESTION: 414

According to Wheelwright; branch of philosophy which is the systematic study of reflective choice, of the standards of right and wrong by which a person is to be guided, and of the goods toward which it may ultimately be directed id called:


  1. Ethics

  2. Morality

  3. Legality

  4. Saintliness


Answer: A


QUESTION: 415

What advocates that there are concrete ethical principles that cannot be violated?


  1. Utilitarian principle

  2. Imperative principle

  3. Functional activity

  4. Serviceable principle


Answer: B


QUESTION: 416

When each situation must be evaluated on its own, in essence, the end can justify the means, this is referred to as:


  1. Situational ethics

  2. Situational behavior

  3. Situational principle

  4. Situational hotline


Answer: A


User: Joe*****

When I first started preparing for the challenging sofe-cfe exam, I used massive study books. However, I struggled with difficult topics and almost gave up on the exam entirely. That is until someone referred me to Killexams.com and their easy-to-read practice tests. I was able to memorize everything quickly and, in just 76 minutes, answered 67 questions and received a score of 85%. I felt indebted to Killexams.com for making this possible.
User: Seryozha*****

I was impressed by killexams.com exceptional exam guide, and I owe them my gratitude for my incredible score on the SOFE-CFE exam. Their questions and answers taught me the concepts well, and I answered 95% of the questions correctly.
User: Zariyah*****

killexams.com solved all of my problems when it came to preparing for my SOFE-CFE exam. Memorizing long questions and answers can be a challenge, but with the concise information provided by killexams.com, preparing for the exam was a pleasant experience. I passed the exam with ease, scoring a 79%. The questions and answers provided by killexams.com are perfect for preparing for this exam. I am grateful for their assistance and support throughout my exam preparation.
User: Raiya*****

I was struggling to prepare for the sofe-cfe exam, which had complex subjects, and only had 12 days left. The quick answers provided by Killexams.com were useful, and I could remember them within ten days. I scored 91% by attempting all the questions within the allotted time. To save my plans, I was searching for a quick reference when I stumbled upon Killexams.com practice tests. It turned out to be very compelling and useful for me.
User: Sidor*****

My search for the best study material ended when my brother recommended the Killexams.com questions and answers for the SOFE-CFE exam. The quality content and easy-to-understand explanations helped me understand the topics and pass the exam with ease.

Features of iPass4sure SOFE-CFE Exam

  • Files: PDF / Test Engine
  • Premium Access
  • Online Test Engine
  • Instant download Access
  • Comprehensive Q&A
  • Success Rate
  • Real Questions
  • Updated Regularly
  • Portable Files
  • Unlimited Download
  • 100% Secured
  • Confidentiality: 100%
  • Success Guarantee: 100%
  • Any Hidden Cost: $0.00
  • Auto Recharge: No
  • Updates Intimation: by Email
  • Technical Support: Free
  • PDF Compatibility: Windows, Android, iOS, Linux
  • Test Engine Compatibility: Mac / Windows / Android / iOS / Linux

Premium PDF with 416 Q&A

Get Full Version

All Financial Exams

Financial Exams

Certification and Entry Test Exams

Complete exam list