Offsetting transactions - Study guides, Class notes & Summaries

CGFM Test 3 Latest 2023 Graded A+ A-76 Directive issued by OMB that establishes federal policy for the competition of commercial activities Abuse behavior that is deficient or improper when compared with behavior that a prudent person would consider reasonable and necessary business practice given the facts and circumstances Account cleanup process of researching, analyzing and evaluating old accounts in an accounting system to determine if they should be terminated or continued, and terminati...

Offsetting intercompany transactions Correct Answer What is the purpose of an elimination subsidiary? Classes Correct Answer Types of sales or product lines Locations Correct Answer Warehouses Subsidiaries Correct Answer Company Departments Correct Answer Internal Teams Customize the role to restrict access by segment, Designate Department, Class, Location on the account, Tag the Employee record to Department, Class, Location Correct Answer Which three steps are required to preven...

RMI 3567 Exam 1 Latest Update Graded A+ FX Swap -Combines a spot transaction with the benefits of a forward contract -One currency is swapped for another (usually a spot transaction) and swapped back (via a forward contract) to the original currency at a future date -Example: go to Europe and exchange USD to EUR and when you come back home you exchange your remaining EUR back to USED FX Vehicle Currency Usually a third party currency that makes exchanges much easier, acting as the ...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

NATIONAL COMMODITIES FUTURES EXAM PRACTICE WITH ACCURATE ANSWERS original margin - correct answerhow much margin is required to buy into a contract minimum maintenance margin - correct answerthe minimum amount of money that can be kept in to hold the position clearing house - correct answer-it keeps track of the contract and makes sure it clears -it eliminates the risk of one party not holding there end of the deal offsetting transactions - correct answerif a buyer decides they don...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

Chapter 3—The Double­Entry Framework 1. An increase or decrease in any asset, liability, owner's equity, revenue, or expense is always accompanied by an offsetting change within the basic accounting elements. a. True b. False ANSWER: POINTS: DIFFICULTY: LEARNING OBJECTIVES: ACCREDITING STANDARDS: TOPICS: KEYWORDS: NOTES: True 1 Easy COLL.HEIN.17.7 - LO: 3-1 AICPA FN-Measurement BUSPROG: Communication ACBSP: APC-06-Recording Transactions Bloom's: Remembering 1 min. 2. A T ac...

Common Stock - ANSWER-Is a security that represents ownership in a corporation. Exercise control by electing a board of directors and voting on corporate policy. Are on the bottom of the priority ladder for ownership structure Have rights to a company's assets only after bondholders, preferred shareholders and other debt holders are paid in full. Preferred Stock - ANSWER-Is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. ...

CDFM Module 3 Correct Answers with complete solutions Federal appropriations law can be categorized into which three topical areas? Purpose, Time and Amount In the Department of Defense, final decision of fiscal law questions are "officially" rendered by whom? DoD General Counsel, Courts What are the basic types of budget authority used in the Federal Government? Appropriations Contract Authority Borrowing Authority Monetary Credits Offsetting Collections and Receipts Loan a...

FIN 582 Chapter 5 Exam Questions with Correct Answers An option writer is the seller of a call or a put option. - Answer-True An MNC frequently uses either forward or futures contracts to hedge its exposure to foreign receivables. To do so, the MNC can either sell the foreign currency forward or sell futures. - Answer-False Hedgers should buy puts if they are hedging an expected inflow of foreign currency. - Answer-True The lower bound of the call option premium is the greater of zero...