Worldatwork Exam CECP Topic 1 Question 44 Discussion

Actual exam question for Worldatwork's CECP exam

Question #: 44
Topic #: 1

[All CECP Questions]

How do quarterly reports most commonly compare to the annual report?

AThe cumulative information on the four quarterly reports adds up to the information on the annual report.

BThe quarterly reports are more detailed. The annual report provides similar data in summary form.

CThe annual report is required and the quarterly reports, while commonly used, are optional.

DThe quarterly reports are not as detailed as annual reports, and might not match due to changing accounting estimates over the year.

Show Suggested Answer

Suggested Answer: C

by France at Aug 09, 2023, 10:38 PM

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Tresa

1 days ago

Ah, the age-old debate of quarterly vs. annual reports. I guess it's like trying to decide whether to read the CliffsNotes or the full novel - both have their merits!

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Leota

15 days ago

I see both points, but I think the quarterly reports might not match the annual report due to changing accounting estimates.

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Mari

17 days ago

The quarterly reports are definitely more detailed, but the annual report provides a nice high-level summary. I prefer to look at both for a complete picture.

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Wilda

2 days ago

A) The cumulative information on the four quarterly reports adds up to the information on the annual report.

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Dick

19 days ago

I disagree, I believe the cumulative information on the four quarterly reports adds up to the information on the annual report.

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Fidelia

22 days ago

I think quarterly reports are more detailed than the annual report.

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