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Exam Code: F1
Exam Name: Financial Reporting
Vendor: CIMA

60 Questions & Answers
Verified by IT Certification Professionals

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NEW QUESTION: 1
A conceptual framework is a statement of generally accepted theoretical principles which form the frame of reference for financial reporting.
Which of the following is NOT a disadvantage of conceptual framework?
A. Financial statements are used for variety of purposes.
B. The task of preparation and implementation of standards.
C. Standards are developed on patchwork basis.
D. Conceptual frameworks are developed for preparing financial statements that is intended for wide range of users.
Answer: C

NEW QUESTION: 2
Which three of the following are some of the methods that F5 uses with its environmental stress screeningchamber?
A. Alternate temperature from -5 degrees Celsius to 60 degrees Celsius
B. Repairing failed components until they function properly
C. Ensuring continual functioning through fire or flooding conditions
D. Varying the voltage from extreme high to extreme low
E. Running a product 300 to 500 times on each cycle
Answer: A,D,E

NEW QUESTION: 3



A. SELECT Id,Product,
TODATETIMEOFFSET(DateCreated, -8)
FROM Bug
B. SELECT Id,Product,
DATEADD(hh, -8, DateCreated)
FROM Bug
C. SELECT Id,Product,
DateCreated AT TIME ZONE 'Pacific Standard Time'
FROM Bug
D. SELECT Id,Product,
CAST(DateCreated AS DATETIMEOFFSET)
FROM Bug
Answer: A
Explanation:
References: https://docs.microsoft.com/en-us/sql/t-sql/functions/todatetimeoffset-transact- sql?view=sql-server-2017

NEW QUESTION: 4
The vital records protection program is designed to protect and provide the information needed by the company for survival in a disaster or emergency. Periodic vital records protection program tests must be provided for to determine the adequacy of the protection program. Which of the following observations is incorrect?
A. The test should be located off of company premises, if possible.
B. Every effort should be made to make test conditions as realistic as feasible.
C. Specifically, the test should determine that the company's various vital information needs can be satisfied in a typical emergency situation.
D. The company security officer, records manager, and internal auditor should test or evaluate the program at least once a year.
E. The test period should not be limited in time but should be extended as long as needed.
Answer: E


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