Fdic accounting - Study guides, Class notes & Summaries

The Appraisal Profession Chapter 1 Questions and Answers Graded A+ Should an appraiser's compensation be based on the value of the property being appraised? Why or Why not? An appraiser's compensation should not depend on the estimate of value obtained, to avoid even the appearance of impropriety. The appraiser's compensation may, however, reflect the complexity of the work required in dealing with the subject property. Which of the following courses would benefit a professional appraiser? ...

Chapter 01 The Role of the Public Accountant in the American Economy True / False Questions 1. Independent audits of today place more emphasis on sampling than did the audits of the 19th century. True False 2. The American Institute of Certified Public Accountants issues CPA certificates and permits CPAs to practice. True False 3. A company is either audited by the GAO or internal auditors, but not both. True False 4. The SEC does not pass on the merits of the securities that are registe...

Certified Public Accountant (CPA) - ANSWER-an individual who has been state certified to provide accounting services ranging from the preparation of financial records and the filing of tax returns to complex audits of corporate financial records brokerage house - ANSWER-A firm that offers various investing services, such as securities trading, research analysis, and advice. broker - ANSWER-person who acts as a go-between for buyers and sellers Certified Financial Planner (CFP) - ANSWER-...

SIE Exam questions and answers well illustrated. 1933 Securities Act (Paper Act) - correct forth accounting and disclosure requirements for initial offerings of securities (stocks and bonds) 1934 Securities and Exchange Commission (SEC) - correct answers.Supervised the country's Stock Commission Exchanges and eliminated dishonest practices Maloney Act of 1938 - correct answers.Allowed self-regulation of securities industry through trade associations such as the N...

When are appraisers needed? to set asking/offering prices, settle estates, refinance, divorce, taxes, rental rates, valuation, condemnation & foreclosure Appraiser One who is expected to perform valuation services competently & in a manner that is independent, impartial & objective. Attributes of an Appraiser competent, independent, impartial, objective, prompt, organized, educated, honest & diligent Appraiser must be knowledgeable in... history, economics, construction,...

Hypothecation - correct answer Pledge of collateral to a lender. Debenture Bonds - correct answer An unsecured promise to pay. The Fed influences the economy through what 4 ways? - correct answer 1) Controlling currency circulation. 2) Adjusting amount of funds available within the commercial banking network through "open market operations". 3) Signaling interest rate move...

Module 2: Idaho Real Estate (2023/2024) Already Passed Appraisal The process of estimating and supporting an opinion of value as of a certain date. Market Value A real estate appraiser estimates the market value or fair market value 4 Characteristics of Demand 1. Demand 2. Utility 3. Scarcity 4. Transferability Anticipation The value of a property may increase or decrease based on potential purchaser's belief that some future event will benefit or detract from the value of the property Chan...

Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements - answer-Which of the following risks allows the perpetrator to hide the theft in the accounting records? a. Checks issued payable to cash b. Lack of segregation of duties among those completing checks, recording checks, signing checks, and reconciling bank statements c. Lack of matching documentation d. Checks made payable to authorized signer Checks created a...

1 FINAL EXAM (BOB BROOKS) EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours Correct Answer: b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grante...

Base line funding - ANSWER-funding strategy to keep the reserve cash balance above zero. Chart of accounts - ANSWER-assigned numbers for all accounts in an organization's general ledger. FHA - ANSWER-regulates and influences items such as required amount of insurance an association must carry, procedures for financial operations and requirements for the upkeep of the property. FNMA - ANSWER-may set requirements the community has to meet for owners to participate in their financing prog...