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ACFE CFE Exam - Topic 4 Question 53 Discussion

Actual exam question for ACFE's CFE exam
Question #: 53
Topic #: 4
[All CFE Questions]

''Anticipate possible losses and omit potential profits'', this results in:

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Suggested Answer: D

by Arlen at May 09, 2024, 08:06 AM

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Kristian
3 months ago
I think it could also be seen as playing accounting, though.
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Leontine
3 months ago
Yup, omitting profits can skew the numbers.
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Tyra
4 months ago
Wait, are we sure about that? Sounds a bit off.
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Elroy
4 months ago
Totally agree, it's all about risk management!
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Freeman
4 months ago
This definitely leads to asymmetrical accounting.
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Kandis
4 months ago
I feel like I've seen a similar question before, and I think the answer was asymmetrical accounting. It makes sense to focus on potential losses.
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Amber
5 months ago
I’m a bit confused. I thought symmetrical accounting was about balancing profits and losses, but this question seems to suggest otherwise.
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Eva
5 months ago
I remember discussing how anticipating losses can lead to a conservative approach in accounting. Asymmetrical accounting seems like the right choice here.
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Maddie
5 months ago
I think this might relate to asymmetrical accounting, but I'm not entirely sure. It sounds familiar from our last practice exam.
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Reena
5 months ago
Wait, what's the difference between "asymmetrical accounting" and "playing accounting"? I'm a little confused by those options. I'll need to review my notes to make sure I understand the concepts properly.
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Horace
5 months ago
Okay, I've got this! Anticipating possible losses and omitting potential profits is the definition of asymmetrical accounting. That's the key to this question. I'm confident I can select the right answer.
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Jacqueline
5 months ago
Hmm, I'm a bit unsure about this one. The wording is a bit tricky, and I want to make sure I understand the implications of "anticipating possible losses" versus "omitting potential profits." Let me think this through step-by-step.
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Janine
5 months ago
This seems like a straightforward accounting question. I'll carefully read through the options and think about the key concepts of symmetry and asymmetry in accounting.
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Maricela
5 months ago
This is a good test of our understanding of accounting principles. I'll take my time, consider each option carefully, and try to apply the concepts we've learned in class to determine the correct answer.
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Paris
5 months ago
I'm a little unsure on this one. Is it "Products" maybe? Or was it "Presentation"? I'll have to guess and hope for the best.
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Holley
5 months ago
I'm a bit unsure about this one. DIACAP covers a lot of ground, and I don't want to guess and risk getting it wrong. I'll have to review my notes carefully.
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Dorinda
5 months ago
I seem to recall there was a lot of back and forth about whether to use `=` or `==` in filtering. I'm not certain which one fits for the Private LAN traffic here.
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Graciela
5 months ago
I'm a little confused by this question. Is the risk assessment specifically for IT-related training, or is it for the organization's training programs in general? That could impact which role is responsible. I'll have to re-read the question carefully.
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Tiara
5 months ago
This question seems straightforward, I think the answer is C - the wallboard server can't be located across the WAN.
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Ettie
10 months ago
Symmetrical accounting? Sounds like they want everything to be perfectly balanced, like all things should be.
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Rasheeda
9 months ago
C) Playing accounting
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Son
9 months ago
B) Symmetrical accounting
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Afton
9 months ago
A) Asymmetrical accounting
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Virgina
11 months ago
Bearing accounting? Is that like when you have to bear the burden of the company's financial woes? Yikes, no thanks!
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Dorsey
9 months ago
D) Bearing accounting
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Trevor
9 months ago
C) Playing accounting
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Carmela
10 months ago
B) Symmetrical accounting
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Harrison
10 months ago
A) Asymmetrical accounting
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Dorothy
11 months ago
Hmm, 'playing accounting'? Sounds like a game I can get behind. Where do I sign up?
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Layla
10 months ago
User 2: No, I believe it's D) Bearing accounting.
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Noel
10 months ago
User 1: I think the answer is A) Asymmetrical accounting.
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Lonny
11 months ago
I'm pretty sure this is about asymmetrical accounting. The question description seems to fit that option.
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Freeman
9 months ago
Exactly, that's the correct choice based on the question description.
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Samira
10 months ago
So, the answer would be A) Asymmetrical accounting then.
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Louann
10 months ago
Yeah, I agree. Anticipating losses and omitting potential profits is definitely asymmetrical accounting.
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Junita
10 months ago
I think you're right, it does sound like asymmetrical accounting.
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Doyle
11 months ago
I'm not sure, but I think it might be B) Symmetrical accounting because it balances potential losses and profits.
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Javier
11 months ago
I disagree, I believe it is D) Bearing accounting because it involves taking risks.
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Francine
11 months ago
I think the answer is A) Asymmetrical accounting.
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