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CMCA EXAM PREP EXAM | STUDY QUESTIONS AND ANSWERS GRADED A+ | 2024/2025 GUIDE $8.99   Add to cart

Exam (elaborations)

CMCA EXAM PREP EXAM | STUDY QUESTIONS AND ANSWERS GRADED A+ | 2024/2025 GUIDE

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  • CMCA
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  • CMCA

CMCA EXAM PREP EXAM | STUDY QUESTIONS AND ANSWERS GRADED A+ | 2024/2025 GUIDE CMCA EXAM PREP EXAM | STUDY QUESTIONS AND ANSWERS GRADED A+ | 2024/2025 GUIDE CMCA EXAM PREP EXAM | STUDY QUESTIONS AND ANSWERS GRADED A+ | 2024/2025 GUIDE

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  • November 12, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CMCA
  • CMCA
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nursehailey
CMCA EXAM PREP EXAM | STUDY
QUESTIONS AND ANSWERS
GRADED A+ | 2024/2025 GUIDE

What is cash basis accounting
- correct answer - records revenue when it is collected and
expenses when they are paid


What is accrual accounting
- correct answer - records revenue when earned (assessed to
owners) and expenses when they are incurred


What is modified cash basis
- correct answer - records revenue on accrual basis and
expense on cash basis


(3) major components of a balance sheet
- correct answer - 1) assets
2) liabilities
3) members equity


What is an audit?

, - correct answer - an examination of the accounting records
and procedures of an organization by a cpa to verify accuracy
and completeness of financials


What is a review?
- correct answer - a less thorough and less costly report of
financials


What is a compliation?
- correct answer - a presentation of financial statements by a
cpa without assurance the information conforms with gaap


Facilities management is
- correct answer - the process of operating, maintaining,
repairing and replacing common property


(5) types of maintenance
- correct answer - 1. Routine
2. Preventative
3. Emergency
4. Requested
5. Reserve replacement


What is a maintenance calendar

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