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Full Exam Name: Certified Cost Professional (CCP) Exam
Vendor Name: AACE International
Exam Code: CCP
Questions with Answers (PDF) 65
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NEW QUESTION: 1
Which of the following statements is TRUE regarding the development of the OSI Reference Model?
A. OSI model is much simpler than TCP/IP.
B. OSI was developed as an alternative, open standard to IBMs SNA model.
C. OSI model is maintained exclusively by the IETF.
D. OSI protocols were no longer used after TCP/IP was developed.
Answer: B

NEW QUESTION: 2
A customer wants to perform Knowledge Advanced administrative operations on multiple articles using the bulk update feature. Which three statements are true about the bulk update feature?
A. It can publish and un-publish articles.
B. It cannot delete articles from the Content Type.
C. It can request translations of articles.
D. It cannot change the owner of articles.
E. It can change views of articles.
F. It cannot change product/category of articles.
Answer: A,B,F

NEW QUESTION: 3
Your network contains an Active Directory domain named contoso.com. The domain contains a file server
named Server1. Server1 contains a shared folder named Share1.
The domain has Microsoft System Center 2012 Configuration Manager deployed. All client computers run
Windows 7.
You plan to upgrade all of the client computers in the marketing department to Windows 8. You will migrate
the user settings by using the User State Migration Tool (USMT).
You need to capture the user state on each client computer. The solution must exclude offline files from the
captured data.
Which three actions should you perform?
To answer, move the three appropriate actions from the list of actions to the answer area and arrange them
in the correct order.
Select and Place:
CCP Examengine
Answer:
Explanation:
CCP Examengine
Explanation/Reference:
Reference: Getting Started with the User State Migration Tool (USMT)

NEW QUESTION: 4
Andrew Carson is an equity analyst employed at Lee, Vincent, and Associates, an investment research firm. In a conversation with his supervisor, Daniel Lau, Carson makes the following two statements about defined contribution plans.
Statement I: Employers often face onerous disclosure requirements.
Statement 2: Employers often bear all the investment risk.
Carson is responsible for following Samilski Enterprises (Samilski), a publicly traded firm that produces motorcycles and other mechanical parts. It operates exclusively in the United States. At the end of its 2009 fiscal year, Samilski's employee pension plan had a projected benefit obligation (PBO) of $320 million.
Also, unrecognized prior service costs were $35 million, the fair value of plan assets was $316 million, and the unrecognized actuarial gain was $21 million.
Carson believes the rate of compensation increase will be 5% as opposed to 4% in the previous year, and the discount rate will be 7% as opposed to 8% in the previous year.
This past year, Samilski began using special purpose entities (SPEs) for various reasons. In preparation for analyzing the SPE disclosures in the footnotes to the financial statements, Carson prepares a memo on SPEs. In the memo, he correctly concludes that the company will be required under new accounting rules to classify them as variable interest entities (VIE) and consolidate the entities on the balance sheet rather than report them using the equity method as in the past.
What are the likely effects of the required change in accounting for SPEs on Samilski's:
Return on assets? Return on equity?
A. Decrease ;Decrease
B. No effect ;Decrease
C. Decrease ;No effect
Answer: C
Explanation:
Explanation/Reference:
Explanation:
As a result of consolidating SPEs that were previously accounted for using the equity method, assets will increase but net income and equity won't change. Therefore, return on assets will decrease, but there will be no effect on return on equity. (Study Session 5, LOS 21. c)

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