VCE IIA-CIA-Part3 Exam Simulator & IIA-CIA-Part3 Sample Test Online
VCE IIA-CIA-Part3 Exam Simulator & IIA-CIA-Part3 Sample Test Online
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Free4Torrent wants to win the trust of Business Knowledge for Internal Auditing (IIA-CIA-Part3) exam candidates at any cost. To achieve this objective Free4Torrent is offering real, updated, and error-free Business Knowledge for Internal Auditing (IIA-CIA-Part3) exam dumps in three different formats. These Business Knowledge for Internal Auditing (IIA-CIA-Part3) exam questions formats are Free4Torrent IIA IIA-CIA-Part3 dumps PDF files, desktop practice test software, and web-based practice test software.
IIA IIA-CIA-Part3: Business Knowledge for Internal Auditing Exam is a certification exam offered by the Institute of Internal Auditors (IIA). IIA-CIA-Part3 exam is designed for internal auditors looking to expand their knowledge of business concepts and practices. IIA-CIA-Part3 exam covers topics such as economics, finance, accounting, organizational structure, and strategic planning.
IIA-CIA-Part3 exam is a challenging exam that requires candidates to have a strong foundation in business processes, financial management, risk management, and governance. Candidates are advised to prepare thoroughly for the exam by studying the official IIA-CIA-Part3 Study Materials, attending training courses, and taking practice exams. The IIA also provides online resources and study groups to help candidates prepare for the exam.
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We provide our customers with the most reliable learning materials about IIA-CIA-Part3 certification exam and the guarantee of pass. We assist you to prepare the key knowledge points of IIA-CIA-Part3 actual test and obtain the up-to-dated exam answers. All IIA-CIA-Part3 Test Questions offered by us are tested and selected by our senior experts in IT filed, which only need little time to focus on the practice and the preparation.
IIA-CIA-Part3 exam is a challenging exam that requires a significant amount of preparation. Candidates are encouraged to review the exam content outline and study materials provided by the IIA. They should also consider taking review courses or working with a study group. Successful candidates will receive the CIA certification, which is a globally recognized professional designation for internal auditors.
IIA Business Knowledge for Internal Auditing Sample Questions (Q249-Q254):
NEW QUESTION # 249
Preference shares are securities with characteristics of both ordinary shares and bonds. Preference shares have <List A> like ordinary shares and <List B> like bonds.
- A. Option D
- B. Option A
- C. Option B
- D. Option C
Answer: A
Explanation:
Like ordinary shares but unlike bonds), preference shares have no maturity date, although certain preference shares transient preference shares) must be redeemed within a short time e.g., 5 to 10 years). Like bonds but unlike ordinary shares), preference shares have a fixed periodic payment. The fixed payment is in the form of a stated dividend in the case of the preference shares and interest payments in the case of bonds. However, preference dividends, unlike interest, do not become an obligation unless declared.
NEW QUESTION # 250
Individual budget schedules are prepared to develop an annual comprehensive or master budget. The budget schedule that provides the necessary input data for the direct labor budget is the:
- A. Raw materials purchases budget.
- B. Schedule of cash receipts and disbursements.
- C. Production budget.
- D. Sales forecast
Answer: C
Explanation:
A master budget typically begins with the preparation of a sales budget. The next step is to prepare a production budget. Once the production budget has been completed, the next step is to prepare the direct labor, raw material, and overhead budgets. Thus, the production budget provides the input necessary for the completion of the direct labor budget.
NEW QUESTION # 251
Which of the following types of controls is not described in the IT Governance Institute's Control Objectives for information and Related Technology COBIT)?
- A. General controls.
- B. Exchange controls. C Business controls.
- C. Process controls.
Answer: B
Explanation:
COBIT describes controls in three areas: process controls, business controls, and IT general and application controls.
NEW QUESTION # 252
At the inception of a finance lease, how should the lessee account for guaranteed residual value?
- A. As part of minimum lease payments at future value of an annuity due.
- B. As not a part of the lease contract.
- C. As part of minimum lease payments at future value.
- D. As part of minimum lease payments at present value.
Answer: D
Explanation:
The lessee records a finance lease as an asset and a liability at the inception of the lease at the fair value of the leased property not to exceed the present value of the minimum lease payments). The lessee's minimum lease payments include required payment sex including contingent rent and costs for services and taxes to be paid by and reimbursed to the lesser) during the lease term and the amount of a bargain purchase option. If no bargain purchase option exists, the minimum lease payments equal the sum of the minimum payments payable over the lease term and any amounts guaranteed by the lessee or by a party related to the lessee.
NEW QUESTION # 253
Which of the following would Batchelder most likely use as a record count?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
Explanation:
Input controls in batch computer systems are used to determine that no data are lost or added to the batch. Depending on the sophistication of a particular system, control may be accomplished by using record counts, batch totals, or hash totals. A record count establishes the number of source documents and reconciles it to the number of output records. The total number of invoices processed is an example of a record count. In this case, the record count is 4.
NEW QUESTION # 254
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