Linux Foundation KCSA Q&A - in .pdf

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  • Exam Code: KCSA
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NEW QUESTION: 1
Which of the following statements about value models for fixed assets in Microsoft Dynamics AX 2012 is true?
A. Value models are a subset of the value of a fixed asset.
B. Value models are used to assign additional life cycles to a fixed asset.
C. Value models connect all financial information about fixed assets.
D. Value models are optional when setting up depreciation for a fixed asset.
Answer: D

NEW QUESTION: 2
Match the HPE OneView element to its function.

Answer:
Explanation:


NEW QUESTION: 3
Which three are profit incentives for partners? (Choose three.)
A. Profit Incentive Program
B. Opportunity Incentive Program
C. Solution Incentive Program
D. Training Incentive Program
E. Cross-sell Incentive Program
F. Value Incentive Program
Answer: A,B,F

NEW QUESTION: 4
An auditor scans a client's investment records for the period just before and just after the year-end to
determine that any transfers between categories of investments have been properly recorded. The primary
purpose of this procedure is to obtain evidence about management's financial statement assertions of:
A. Existence, and understandability and classification.
B. Valuation and accuracy, and rights and obligations.
C. Rights and obligations, and existence.
D. Understandability and classification, and valuation and accuracy.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. Investments may be classified as trading, available-for-sale, or held-to-maturity. The
classification of each investment into one of these three categories determines how it will be shown on the
balance sheet (understandability and classification) and whether it will be valued at market or at amortized
cost (valuation and accuracy).
Choices "A", "B", and "C" are incorrect. Reviewing transfers of investments between categories will not
provide evidence regarding rights and obligations or existence. Rights and obligations and existence would
be concerned with whether the securities actually exist and are owned by the client.

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