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SOFE SOFA-CFE Exam - Topic 8 Question 55 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 55
Topic #: 8
[All SOFA-CFE Questions]

A technique for analyzing the percentage change in individual financial statement items from one year to the next in known as:

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Suggested Answer: B

by Jacqueline at Jul 25, 2022, 10:35 PM

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Wade
7 months ago
Surprised to see Fraction analysis as an option!
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Crista
7 months ago
I thought it was called Ratio analysis?
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Lashaunda
7 months ago
Wait, is it really just for year-to-year changes?
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Vincent
7 months ago
Agreed, that's the right term!
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Angella
7 months ago
It's definitely Horizontal analysis!
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Rosamond
8 months ago
I feel like horizontal analysis is the right term here, but I keep mixing it up with vertical analysis.
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Monte
8 months ago
I’m a bit confused; I thought ratio analysis was used for comparing financial ratios, not percentage changes year over year.
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Kristeen
8 months ago
I remember practicing a question like this, and I think vertical analysis is more about comparing items in a single period, right?
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Kizzy
8 months ago
I think the answer might be horizontal analysis since it deals with changes over time, but I'm not completely sure.
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Shayne
8 months ago
Root cause analysis seems like the most relevant technique here. That's what we've been focusing on in class for identifying the underlying causes of issues.
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Pok
8 months ago
Whoa, this is a tough one. I'm a bit confused by all the different scenarios and configurations mentioned. I'll need to take my time and really think through each option to make sure I understand what's being asked.
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Maira
8 months ago
I'm pretty confident the answer is A. The syslog.log file is where I'd expect to find system-level errors and messages that could help identify the root cause of this "unknown error code" during authentication.
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