Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

ACFE CFE Exam - Topic 3 Question 35 Discussion

Forced reconciliation of the account says:
A) to conceal shrinkage is to alter inventory record so that it matches the physical inventory count.
B) to conceal inventory is to alter shrinkage record so that it matches the physical inventory count.
C) to conceal shrinkage is to change the perpetual inventory record so that it matches the physical inventory count.
D) to conceal write-offs is to change the perpetual inventory record so that it matches the physical inventory count.

ACFE CFE Exam - Topic 3 Question 35 Discussion

Actual exam question for ACFE's CFE exam
Question #: 35
Topic #: 3
[All CFE Questions]

Forced reconciliation of the account says:

Show Suggested Answer Hide Answer
Suggested Answer: A

by Jade at Apr 19, 2023, 05:43 PM

Limited Time Offer

25%

Off

Get Premium CFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Ciara
7 months ago
I thought it was C at first, but A seems right now.
upvoted 0 times
...
Lorriane
7 months ago
B is misleading, it’s definitely A.
upvoted 0 times
...
Valene
7 months ago
Wait, can you really just change records like that?
upvoted 0 times
...
Marion
8 months ago
Totally agree, A makes the most sense.
upvoted 0 times
...
Josephine
8 months ago
A is the correct definition.
upvoted 0 times
...
Art
8 months 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!
upvoted 0 times
...
Tony
8 months ago
I feel like the term "forced reconciliation" was used in a different context in our studies. Is it really about changing perpetual records?
upvoted 0 times
...
Irving
8 months 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?
upvoted 0 times
...
Ma
8 months 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.
upvoted 0 times
...
Lynette
8 months 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.
upvoted 0 times
...
Veronika
8 months 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.
upvoted 0 times
...
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.
upvoted 0 times
Jacob
11 months ago
User 3: I think the answer is C, to conceal shrinkage by changing the perpetual inventory record.
upvoted 0 times
...
Jolene
12 months ago
User 2: I agree. It's important to match the records with physical inventory.
upvoted 0 times
...
Diego
12 months ago
User 1: Forced reconciliation is serious business.
upvoted 0 times
...
...
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.
upvoted 0 times
...
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.
upvoted 0 times
...
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.
upvoted 0 times
Lajuana
12 months ago
I think option C is the right choice too. It's important to keep everything in line.
upvoted 0 times
...
Nu
1 year ago
Yeah, forced reconciliation is all about hiding any discrepancies in the inventory.
upvoted 0 times
...
Madelyn
1 year ago
I agree, option C makes the most sense. It's all about matching the records.
upvoted 0 times
...
...
Raylene
1 year ago
But altering the perpetual inventory record to match physical inventory count is a way to conceal shrinkage.
upvoted 0 times
...
Janey
1 year ago
I disagree, I believe the answer is A.
upvoted 0 times
...
Raylene
1 year ago
I think the answer is C.
upvoted 0 times
...

Save Cancel