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L6M1 Vorbereitung, L6M1 Übungsmaterialien & Strategic Ethical Leadership Lerntipps - Wdh-Namgiang

Full Exam Name: Strategic Ethical Leadership
Vendor Name: CIPS
Exam Code: L6M1
Questions with Answers (PDF) 65
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NEW QUESTION: 1
Which of the following models demonstrates the attributes, operations, and relationship to entities within the solution?
A. Data disctionary
B. CRUD matrix
C. Class model
D. Entity Relationship
Answer: C
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
An auditor's inquiries of management disclosed that the entity recently invested in a series of energy
derivatives to hedge against the risks associated with fluctuating oil prices. Under these circumstances,
the auditor should:
A. Perform analytical procedures to determine if the derivatives are properly valued.
B. Document the derivatives in the auditor's communication with those charged with governance.
C. Examine the contracts for possible risk exposure and the need to recognize losses.
D. Confirm the marketability of the derivatives with a commodity specialist.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. Generally accepted accounting principles specify that, in order to qualify for hedge
treatment, the entity must demonstrate and disclose a number of transaction features including risk
exposure. The auditor would therefore need to examine the contracts to evaluate the character of the
hedge and the degree to which losses should be recognized in the determination of income, as well as the
character of any disclosures.
Choice "A" is incorrect. Generally accepted accounting principles require this derivative to be valued at fair
value. While the auditor does need to test management's assertions about fair value, analytical procedures
are not the most likely way to do this. More likely, the auditor would obtain quoted market prices from
financial publications, the exchanges, the National Association of Securities Dealers Automated
Quotations System (NASDAQ), or pricing services. If quoted market prices were not available, estimates
based on valuation models would be used.
Choice "C" is incorrect. The auditor would not generally confirm marketability with a commodity specialist,
but rather would test the valuation of such securities by reference to quoted market prices, by using pricing
services, or based on a valuation model.
Choice "D" is incorrect. There is no requirement that investments in derivatives be communicated to those
charged with governance.

NEW QUESTION: 3
You have a SharePoint Server 2010 server farm.
The server farm contains several Microsoft InfoPath forms.
You need to ensure that all the InfoPath forms can use embedded SQL authentication.
What should you do from Central Administration?
A. Create a new target application in the Secure Store Service.
B. Create a new data connection file.
C. Modify the InfoPath Forms Services settings.
D. Modify the InfoPath Forms Services Web service proxy settings.
Answer: C
Explanation:
Explanation/Reference:
BURGOS MNEMO: "Modify the InfoPath Forms Services settings"
Configure InfoPath Forms Services (Office Forms Server) http://technet.microsoft.com/en-us/library/cc197394(office.12).aspx

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