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AICPA CPA-Financial Exam - Topic 3 Question 58 Discussion

According to the FASB conceptual framework, predictive value is an ingredient of:
D) Option D
A) Option A
B) Option B
C) Option C

AICPA CPA-Financial Exam - Topic 3 Question 58 Discussion

Actual exam question for AICPA's CPA-Financial exam
Question #: 58
Topic #: 3
[All CPA-Financial Questions]

According to the FASB conceptual framework, predictive value is an ingredient of:

Show Suggested Answer Hide Answer
Suggested Answer: D

Choice 'd' is correct. Yes - No. Predictive value is an ingredient of relevance but not of reliability.

Memorize:

Bud's relevance to 'PFT.'

Bud's reliability to 'VRN.'


by Janine at Sep 18, 2022, 10:59 AM

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Nieves
8 months ago
I thought it was more complicated than that.
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Charlesetta
8 months ago
Yup, definitely relevance!
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Paris
9 months ago
Wait, is it really just relevance? Sounds too simple.
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Lorrine
9 months ago
Totally agree, relevance is key!
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Geraldo
9 months ago
Predictive value is part of relevance.
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Lonny
9 months ago
I vaguely recall that predictive value is an aspect of relevance, but I can't remember which option it corresponds to in this question.
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Ashlyn
9 months ago
I feel like I might confuse predictive value with confirmatory value. I should have reviewed those definitions more closely.
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Weldon
9 months ago
I remember practicing a question about the qualitative characteristics of financial information, and I think predictive value falls under relevance.
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Christoper
9 months ago
I think predictive value is related to relevance, but I'm not completely sure if it's specifically tied to one of the options.
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Ezekiel
9 months ago
Hmm, this seems like a tricky one. I'll need to think through the different options carefully.
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Tijuana
9 months ago
This one seems pretty straightforward. I think the answer is C - deselecting 'Exclude API Users From Password Expiration' to ensure the Marketing Cloud user credentials can't be used to access the API.
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Moon
10 months ago
Analyzing the adoption report makes sense since it directly reflects user engagement. I remember a similar question where that was a key activity.
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