SOFE Exam AFE Topic 2 Question 90 Discussion

Actual exam question for SOFE's AFE exam

Question #: 90
Topic #: 2

[All AFE Questions]

Which are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance?

AService acts

BPerformance segments

CControl segments

DOperating segments

Show Suggested Answer

Suggested Answer: D

by Wade at Oct 24, 2024, 04:11 AM

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Thomasena

1 months ago

Wait, are we sure this isn't a trick question about the secret cabal of accountants who rule the world?

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Launa

19 days ago

B) Performance segments

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Devora

28 days ago

A) Service acts

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Lasandra

1 months ago

Service acts? I think that's what my plumber does, not what's in my company's financials.

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Anna

1 months ago

Control segments? Is this a question about corporate espionage or something?

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Vincenza

2 months ago

I'm not sure about this one. Can someone explain why operating segments are the correct answer?

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Rozella

2 months ago

Performance segments? That sounds more like something you'd find at the gym, not in a financial report.

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Ashton

7 days ago

Exactly, performance segments help in assessing how resources are allocated and how well the enterprise is performing.

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Benedict

8 days ago

Yeah, it's not about working out at the gym. It's about analyzing financial data to make decisions.

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Daren

12 days ago

Operating segments are the components of an enterprise that have separate financial information available for evaluation by the chief operating decision maker.

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