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American Bankers Association CTFA Exam - Topic 3 Question 22 Discussion

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

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

Suggested Answer: A

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10 comments · newest first
PH
Phillip 11 months ago
Just to clarify, it’s made when the instrument is first recognized.
FR
Franchesca 12 months ago
I thought it was more about disclosure, not just elections.
RH
Rhea 12 months ago
Wait, is it really called an election? Sounds odd.
IL
Ilene 12 months ago
I agree, it’s all about the election for each instrument.
RA
Raina 1 year ago
It's definitely an election!
FL
Flo 1 year 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.
OD
Odelia 1 year ago
This seems straightforward - the word "FALSE" should be a valid condition, so I'll go with True.
GR
Grover 1 year 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.
LA
Lai 1 year 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.
VA
Valentin 1 year ago
Definitely focusing on unusual check patterns. Missing checks mean someone might be hiding financial transactions.
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