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NEW QUESTION: 1
How do you compensate for the technical clearing account NOT balancing in all accounting principles with the accounts approach for parallel valuation?
A. By entering manual corrective clearing transfer postings.
B. By running the monthly depreciation posting.
C. By running the periodic acquisition and production cost posting.
D. By maintaining the offset account in the asset account determination.
Answer: D

NEW QUESTION: 2
An internal auditor for a financial institution has just completed an audit of loan processing. Of the 81 loans approved by the loan committee, the auditor found seven loans which exceeded the approved amount.
Which of the following actions would be inappropriate on the part of the auditor?
A. Report the amounts to the loan committee and leave it up to them to correct. Take no further follow-up action at this time and do not include the items in the engagement final communication.
B. Examine the seven loans to determine if there is a pattern. Summarize amounts and include in the engagement final communication.
C. Determine the amount of the differences and make an assessment as to whether the dollar differences are material. If the amounts are not material, not in violation of government regulations, and can be rationally explained, omit the observation from the engagement final communication.
D. Follow up with the appropriate vice president and include the vice president's acknowledgment of the situation in the engagement final communication.
Answer: A

NEW QUESTION: 3
According to ITIL@ v3 framework, which risk management step analyzes threats and weaknesses that are introduced as a result of a service change?
A. risk assessment
B. risk impact
C. risk mitigation
D. risk profile
Answer: A

NEW QUESTION: 4
In the SAP BW data model, master data is stored separately in attribute, text and hierarchy tables that are linked together using surrogate ID (SID). Determine Whether this statement is true or false.
A. False
B. True
Answer: B

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