Discuss ACFE CFE Exam Topic 3 Question 35

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.

Suggested Answer: A

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24 comments · newest first

Ciara 12 months ago

I thought it was C at first, but A seems right now.

Lorriane 12 months ago

B is misleading, it’s definitely A.

Valene 12 months ago

Wait, can you really just change records like that?

Marion 1 year ago

Totally agree, A makes the most sense.

Josephine 1 year ago

A is the correct definition.

Art 1 year ago

I vaguely recall that forced reconciliation involves adjusting records, but I can't remember if it's about shrinkage or write-offs. This is tricky!

Tony 1 year ago

I feel like the term "forced reconciliation" was used in a different context in our studies. Is it really about changing perpetual records?

Irving 1 year ago

I remember practicing a question similar to this, and I think it was about altering inventory records to hide discrepancies. Could be option A?

Ma 1 year ago

I think forced reconciliation is about adjusting records to match physical counts, but I'm not sure if it's specifically about shrinkage or something else.

Lynette 1 year ago

Device Manager? Really? That's for managing local hardware, not connecting to Azure. I'm pretty sure the answer has to be either the Azure portal or Windows Admin Center.

Veronika 1 year ago

No join condition? That doesn't sound right to me. I think I'll eliminate that option and focus on the other choices to figure out the correct answers.

James 1 year ago

Forced reconciliation? Sounds like a job for the accounting Hulk! Anyway, I'll go with C since it directly mentions concealing shrinkage.

Jacob 1 year ago

↳ replying to James

User 3: I think the answer is C, to conceal shrinkage by changing the perpetual inventory record.

Jolene 1 year ago

↳ replying to James

User 2: I agree. It's important to match the records with physical inventory.

Diego 1 year ago

↳ replying to James

User 1: Forced reconciliation is serious business.

Cristal 1 year ago

Haha, this question is a real 'shrinkage' of my brain power! But in all seriousness, I think C is the correct answer.

Leatha 1 year ago

I'm going with D on this one. Forced reconciliation is a way to hide write-offs and make the books look better than they really are.

Aja 1 year ago

Option C seems the most accurate to me. Forced reconciliation is definitely about aligning the perpetual inventory records with the physical count, in order to conceal any shrinkage.

Lajuana 1 year ago

↳ replying to Aja

I think option C is the right choice too. It's important to keep everything in line.

Nu 1 year ago

↳ replying to Aja

Yeah, forced reconciliation is all about hiding any discrepancies in the inventory.

Madelyn 1 year ago

↳ replying to Aja

I agree, option C makes the most sense. It's all about matching the records.

Raylene 2 years ago

But altering the perpetual inventory record to match physical inventory count is a way to conceal shrinkage.

Janey 2 years ago

I disagree, I believe the answer is A.

Raylene 2 years ago

I think the answer is C.

ACFE CFE Exam - Topic 3 Question 35 Discussion