IBFCSM CEDP Q&A - in .pdf

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NEW QUESTION: 1
Which four fields are configurable on the Create Questionnaire Template Basic Information page when creating a questionnaire template?
A. Privacy
B. Rating Model
C. Name
D. Status
E. Owner
Answer: A,B,D,E

NEW QUESTION: 2
Which process would check and accept Work Packages?
A. Controlling a Stage
B. Managing Product Delivery
C. Managing a Stage Boundary
D. Directing a project
Answer: B

NEW QUESTION: 3
Financial reporting by a development stage enterprise differs from financial reporting for an established
operating enterprise in regard to footnote disclosures:
A. And revenue and expense recognition principles.
B. Only.
C. And revenue recognition principles only.
D. And expense recognition principles only.
Answer: B
Explanation:
Choice "a" is correct. Financial reporting by a development stage enterprise differs from financial
reporting for an established operating enterprise in regard to (more extensive) footnote disclosures only.
Choices "b", "c", and "d" are incorrect. Revenue and expense recognition principles are the same. Rule:
Development stage enterprises should present financial statements in accordance with GAAP and make
additional disclosures such as: cumulative net losses, cumulative deficit (as part of equity), cumulative
sales and expenses (as part of the income statement), cumulative statement of cash flows and
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