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NEW QUESTION: 1
ABC.com, a Canadian subsidiary of a U.S. company, wants to have an adjusting period in addition to its 12 calendar month accounting periods. Its fiscal year end is March 31. It will use foreign currency translations for its financial reports to the U.S. parent company, beginning April 2006. The company wants to use accounting period names that show the calendar year, not fiscal year. It plans to go live beginning April 1, 2006 with conversion of 1 year historical GL balances (fiscal year ending March 31, 2006). Choose the most appropriate accounting calendar setup.
A. Period Type: Fiscal. Accounting periods named: Apr-05 through Mar-07, with one adjusting period named Adj-06.
B. Period Type: Fiscal. Accounting periods named: Apr-05 through Mar-07, with two adjusting periods named Adj-05 and Adj-06.
C. Period Type: Calendar. Accounting periods named: Apr-05 through Mar-07, with one adjusting period named Adj-06.
D. Period Type: Fiscal. Accounting periods named: Apr-05 through Mar-07, with two adjusting periods named Adj-06 and Adj-07
E. Period Type: Calendar. Accounting periods named: Apr-05 through Mar-07, with two adjusting periods named Adj-06 and Adj-07.
Answer: E
NEW QUESTION: 2
The attitude or state of mind through which individuals are conscious of the existence of the security program and are persuaded that it is relevant to their own behavior is a concept known as:
A. None of the above
B. Security consciousness
C. Security motivation
D. Security awareness
Answer: D
NEW QUESTION: 3
What is recommended for helping the controller manage the company's cash flow?
Please choose the correct answer.
A. The budget module and the cost accounting.
B. The inventory audit report and the internal reconciliation process.
C. Customer receivables aging and the dunning process.
D. Profit and loss and the general ledger.
Answer: C