CIPS L4M2 Q&A - in .pdf

  • L4M2 pdf
  • Exam Code: L4M2
  • Exam Name: Defining Business Needs
  • PDF Version: V19.35
  • Q & A: 365 Questions and Answers
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  • Exam Code: L4M2
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NEW QUESTION: 1
In a VPLEX splitter environment, where is the splitter process running?
A. VPLEX directors
B. VPLEX BE ports
C. VPLEX volumes
D. VPLEX FE ports
Answer: A

NEW QUESTION: 2
Which of the following audit procedures most likely would assist an auditor in identifying conditions and
events that may indicate substantial doubt about an entity's ability to continue as a going concern?
A. Comparing the market value of property to amounts owed on the property.
B. Reviewing lease agreements to determine whether leased assets should be capitalized.
C. Reading the minutes of meetings of the stockholders and the board of directors.
D. Inspecting title documents to verify whether any assets are pledged as collateral.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. The auditor should examine any evidence that appears contrary to the basic
principle of going concern. Reviewing the minutes from stockholder and board of director meetings is one
procedure that is used in this regard.
Choice "B" is incorrect. Comparison of the market value of property to amounts owed on the property
determines its net value, but would not necessarily indicate a going concern issue.
Choice "C" is incorrect. Reviewing lease agreements to determine whether leased assets should be
capitalized is important in evaluating the financial statements, but it would not provide evidence of going
concern issues.
Choice "D" is incorrect. Inspecting title documents to verify whether any assets are pledged as collateral
provides information regarding presentation and disclosure, but would not provide evidence of going
concern issues.

NEW QUESTION: 3
You are asked to trigger a Power Automate flow for an approval for a business process that is not in the business events list.
You need to trigger the Power Automate flow without any code.
What are two possible ways to trigger the Power Automate workflow? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A. from a change-based alert
B. from a user's personalization functionality
C. from an application business event
D. from a component in the Dynamics 365 Finance Workflow Designer
E. from a due date alert
Answer: A,E
Explanation:
e:
https://docs.microsoft.com/en-us/power-automate/connection-dynamics365
https://dynamics-tips.com/how-to-use-alerts-d365-finance-and-operations/

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