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American Bankers Association CTFA Exam - Topic 3 Question 22 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 22
Topic #: 3
[All CTFA Questions]

What is made on an instrument-by-instrument basis, generally when an instrument is initially recognized in the financial statements?

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Suggested Answer: A

by Catalina at May 06, 2022, 12:59 AM

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Phillip
4 months ago
Just to clarify, it’s made when the instrument is first recognized.
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Franchesca
4 months ago
I thought it was more about disclosure, not just elections.
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Rhea
4 months ago
Wait, is it really called an election? Sounds odd.
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Ilene
4 months ago
I agree, it’s all about the election for each instrument.
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Raina
5 months ago
It's definitely an election!
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Flo
5 months ago
This question is testing our knowledge of the NIACAP framework. The key is to remember the different stakeholders and their roles in the security assessment. I'll methodically go through the options and select the ones I'm confident are required participants.
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Odelia
5 months ago
This seems straightforward - the word "FALSE" should be a valid condition, so I'll go with True.
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Grover
5 months ago
Okay, the key here is to gradually roll out the new version and evaluate it with a subset of production traffic. I think option A or D would be the best approach for that.
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Lai
5 months ago
Okay, the question is asking if the underlined text is correct. I think the correct way to create a new group is to right-click a tile and select "Add to new group", not press F12.
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Valentin
5 months ago
Definitely focusing on unusual check patterns. Missing checks mean someone might be hiding financial transactions.
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