ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 6 Question 36 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam

Question #: 36
Topic #: 6

[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Forced reconciliation of the account says:

Ato conceal shrinkage is to alter inventory record so that it matches the physical inventory count.

Bto conceal inventory is to alter shrinkage record so that it matches the physical inventory count.

Cto conceal shrinkage is to change the perpetual inventory record so that it matches the physical inventory count.

Dto conceal write-offs is to change the perpetual inventory record so that it matches the physical inventory count.

Show Suggested Answer

Suggested Answer: C

by Ciara at May 07, 2022, 06:24 PM

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Gladis

6 months ago

B is definitely misleading, it’s not about shrinkage.

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Elbert

6 months ago

D doesn’t fit the definition at all.

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Georgiana

6 months ago

Wait, are we really altering records? That sounds sketchy!

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Rossana

6 months ago

I think C makes more sense, though.

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Caprice

6 months ago

A is correct, it’s all about matching records.

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Sharen

7 months ago

I'm not entirely sure about this one. I'll need to double-check the schema and the options to make sure I'm not missing anything.

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Eveline

7 months ago

I'm a bit unsure about this one. Does the solution actually work for configuring the Docker container, or is there something else I need to do? I'll have to think this through carefully.

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Vallie

7 months ago

I'm feeling pretty confident about this one. The 'RRRR' format in option C and the 'yyyy' format in option D should both display the year as four digits, so I'll select those.

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