SOFE Exam AFE Topic 2 Question 72 Discussion

Actual exam question for SOFE's AFE exam

Question #: 72
Topic #: 2

[All AFE Questions]

A change in _ or its application is appropriate if the change results in a measurement that is equally or more representative of fair value in the circumstances.

AValuation technique

BValue technique

CInvestment approach

DAccounting corrections

Show Suggested Answer

Suggested Answer: B

by Laticia at Apr 08, 2024, 06:25 PM

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Mabel

2 months ago

Ah, the age-old question: which technique should I use to value my priceless collection of cat memes? I'm going with A, of course.

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Olen

3 months ago

I was leaning towards D, but then I realized that's more about fixing errors, not adjusting the valuation. A it is!

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Lawrence

1 months ago

D is more about fixing mistakes in accounting, so A is definitely the better option for adjusting valuation.

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Galen

2 months ago

I agree, A is the right choice when it comes to adjusting valuation techniques.

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Latrice

2 months ago

I think A is the correct answer because it refers to the method used to determine fair value.

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Mabelle

3 months ago

B sounds a bit vague, I'm not sure what 'value technique' even means in this context. I'll go with A.

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Gladis

1 months ago

I also think A, valuation technique, is the best choice. 'Value technique' just doesn't sound right.

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Tamra

2 months ago

I'm not sure about 'value technique' either. A, valuation technique, seems like the safer option.

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Joaquin

2 months ago

I agree, 'value technique' does sound vague. I think A, valuation technique, is a better choice.

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Merilyn

3 months ago

I'm not sure, but I think it could also be D) Accounting corrections if there are errors in the financial statements.

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Ty

3 months ago

Hmm, I think A is the right answer here. Changing the valuation technique to get a more representative fair value measurement makes sense.

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Rickie

2 months ago

Yes, I think A is the best choice here. It's important to consider different valuation techniques to ensure accuracy in fair value measurement.

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Angelyn

2 months ago

I'm not sure about C or D, but I think A or B are the most likely options for improving fair value measurement.

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Aimee

2 months ago

I think B could also be a possibility, as using a different value technique could lead to a better representation of fair value.

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Pilar

2 months ago

I agree, changing the valuation technique can definitely result in a more accurate fair value measurement.

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Wynell

3 months ago

I agree with Willard, because valuation technique is crucial for determining fair value.

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Willard

4 months ago

I think the answer is A) Valuation technique.

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