SOFE Certified Financial Examiner Exam Practice Test

According to Wheelwright; branch of philosophy which is the systematic study of reflective choice, of the standards of right and wrong by which a person is to be guided, and of the goods toward which it may ultimately be directed id called:

The formula to calculate quick ratio is:

A fraction analysis is a means of measuring the relationship between two different financial statement amounts.

A technique for analyzing the percentage change in individual financial statement items from one year to the next in known as:

Worker's compensation is not a payroll account, but rather an insurance expense.

The major difference between fraud and billing schemes is that payroll and expense frauds involve disbursements to external parties rather than to employees.

The perpetrators of which frauds produce false documents that cause the victim company to unwittingly make a fraudulent disbursement?