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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 8 Question 103 Discussion

Skimming is:
D) None of above
A) The removal of cash from a victim entity prior to its entry in an accounting system.
B) The addition of cash from a victim entity prior to its entry in an accounting system.
C) The removal of cash from a victim entity after its entry in an accounting system.

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 8 Question 103 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 103
Topic #: 8
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

Skimming is:

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Suggested Answer: D

by Eleni at Nov 19, 2024, 03:33 PM

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Artie
8 months ago
Nope, it's not about adding cash, that's just wrong.
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Malcom
8 months ago
Wait, so people actually do this? Sounds shady!
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Fletcher
8 months ago
I thought skimming was just a myth, but it’s real?
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Ahmed
8 months ago
Totally agree, it's all about that sneaky cash grab!
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Margery
9 months ago
Skimming is definitely about removing cash before it's recorded.
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Lashawn
9 months ago
I recall that skimming is a type of fraud, but I can't remember the exact definition. None of the options seem to fit perfectly, so I might choose D.
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Gracie
9 months ago
I'm not entirely sure, but I feel like skimming could also mean adding cash, so maybe option B?
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Goldie
9 months ago
I remember practicing a question like this, and I think skimming is actually about removing cash after it's been recorded, which would be option C.
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Yolando
9 months ago
I think skimming has to do with taking cash out before it gets recorded, so I might go with option A.
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Bettye
9 months ago
I've got this one! Skimming is the removal of cash before it's recorded in the books, so the answer has to be A. I'm feeling confident about this one.
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Valentine
9 months ago
I'm a little confused by this question. The options are all talking about cash and accounting systems, but I'm not sure how that relates to the definition of "skimming." I might need to review my notes on this topic before answering.
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Louvenia
9 months ago
Okay, let me break this down. Skimming is the removal of cash, so that rules out B and D. And it has to be before the entry in the accounting system, so I think the answer is A. But I'll double-check the wording just to be sure.
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Kristian
9 months ago
Hmm, I'm not totally sure about this one. I'll have to think it through carefully. The options seem pretty similar, so I want to make sure I understand the differences before selecting an answer.
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Irma
10 months ago
This question seems pretty straightforward. I think the answer is A - the removal of cash from a victim entity prior to its entry in an accounting system.
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Geraldo
1 year ago
Ah, the classic 'none of the above' option. The last resort of the truly lost. But hey, at least I won't be going to jail for this one.
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Merilyn
1 year ago
Ah, the classic 'none of the above' option. The last resort of the truly lost. But hey, at least I won't be going to jail for this one.
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Son
1 year ago
D) None of above
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Percy
1 year ago
C) The removal of cash from a victim entity after its entry in an accounting system.
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Brande
1 year ago
A) The removal of cash from a victim entity prior to its entry in an accounting system.
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Florencia
1 year ago
Option C, really? Removing cash after it's already in the system? That's like trying to stuff the genie back into the bottle. Not happening.
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Floyd
1 year ago
D) None of above
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Arlie
1 year ago
B) The addition of cash from a victim entity prior to its entry in an accounting system.
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Maira
1 year ago
A) The removal of cash from a victim entity prior to its entry in an accounting system.
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Andra
1 year ago
Aha! I knew option B had to be the right answer. Gotta love that extra cash before it hits the books. Totally legit, right?
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Verona
1 year ago
User 3: Definitely not legit, but some people still try it.
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Belen
1 year ago
User 2: Yeah, that's the one! Sneaky way to get some extra cash.
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Kimberely
1 year ago
User 1: Skimming is the addition of cash from a victim entity prior to its entry in an accounting system.
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Beckie
1 year ago
Skimming? Sounds like something I do with my morning coffee. But this option A seems a bit too shady for my taste.
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Billy
1 year ago
D) None of above
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Leandro
1 year ago
C) The removal of cash from a victim entity after its entry in an accounting system.
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Jacqueline
1 year ago
A) The removal of cash from a victim entity prior to its entry in an accounting system.
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Matthew
1 year ago
I think it's important to understand skimming to prevent fraud in accounting.
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Bong
1 year ago
I agree with Hildegarde, skimming is about taking cash before it's recorded.
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Hildegarde
1 year ago
Skimming is the removal of cash from a victim entity prior to its entry in an accounting system.
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