Olivia Jenkins Olivia Jenkins's صفحة الملف الشخصي

Olivia Jenkins Olivia Jenkins

0 دورة ملتحَق بها • 0 اكتملت الدورة

سيرة شخصية

Top IIA IIA-CIA-Part3 Examcollection Vce & Authoritative ValidVCE - Leader in Certification Exam Materials

You will feel convenient if you buy our product not only because our IIA-CIA-Part3 exam prep is of high pass rate but also our service is also perfect. What’s more, our update can provide the latest and most useful IIA-CIA-Part3 exam guide to you, in order to help you learn more and master more. We provide great customer service before and after the sale and different versions for you to choose, you can download our free demo to check the quality of our IIA-CIA-Part3 Guide Torrent. You will never be disappointed.

IIA-CIA-Part3 (Business Knowledge for Internal Auditing) Exam is a globally recognized certification exam designed to assess an individual's knowledge of business acumen and its role in internal auditing. IIA-CIA-Part3 exam is offered by the Institute of Internal Auditors (IIA), which is the leading professional association of internal auditors worldwide. Passing IIA-CIA-Part3 Exam is a critical step for individuals who want to become Certified Internal Auditors (CIA).

>> IIA-CIA-Part3 Examcollection Vce <<

Business Knowledge for Internal Auditing latest study material & IIA-CIA-Part3 valid vce exam & Business Knowledge for Internal Auditing pdf vce demo

The empty promise is not enough. So our ValidVCE provides to all customers with the most comprehensive service of the highest quality including the free trial of IIA-CIA-Part3 software before you buy, and the one-year free update after purchase. We will be with you in every stage of your IIA-CIA-Part3 Exam Preparation to give you the most reliable help. Even if you still failed the IIA-CIA-Part3 certification exam, we will full refund to reduce your economic loss as much as possible.

IIA Business Knowledge for Internal Auditing Sample Questions (Q161-Q166):

NEW QUESTION # 161
Buyer-based pricing involves:

A. Basing prices on competitors' prices.
B. Determining the price at which the product will earn a target profit.
C. Basing prices on the product's perceived value.
D. Adding a standard markup to the cost of the product.

Answer: C

Explanation:
Market-based pricing, also called buyer-based pricing, bases prices on the product's perceived value rather than on the seller's cost. Non price variables in the marketing mix augment the perceived value. For example, a cup of coffee may have a higher price at an expensive restaurant than at a fast-food outlet.

NEW QUESTION # 162
The purpose of an entry that contains a debit to prepaid property taxes and a credit to property tax expense is to recognize a(n):

A. Accrued expense.
B. Prepaid income.
C. Expired cost.
D. Prepaid expense.

Answer: D

Explanation:
An entry debiting prepaid property taxes and crediting property tax expense is needed at the balance sheet date when prepayments are initially recorded in an expense account.
This adjusting entry defers expense recognition to the future period in which the property taxes apply.

NEW QUESTION # 163
A retail mail order entity currently uses a central collection system that requires all checks to be sent to its headquarters. An average of 6 days is required for mailed checks to be received. 3 days for the entity to process them, and 2 days for the checks to clear through the bank. A proposed lockbox system would reduce the mailing and processing time to 2 days and the check clearing time to 1 day. The entity has an average daily collection of US $150,000. How much will the average cash balance increase by if the entity adopts the lockbox system?

A. US $600,000
B. US $750,000
C. US $450,000
D. US $1,200,000

Answer: D

Explanation:
Checks are currently tied up for 11 days 6 for mailing, 3 for processing, and 2 for clearing). If that period were reduced to 3 days the entity's cash balance would increase by US $1.200.000 $150,000 per day x 8 days).

NEW QUESTION # 164
A company employs a process cost system using the first-in, first-out FIFO) method. The product passes through both Department 1 and Department 2 in order to be completed.
Units enter Department 2 upon completion in Department 1 Additional direct materials are added in Department 2 when the units have reached the 25% stage of completion with respect to conversion costs. Conversion costs are added proportionally in Department 2.
The production activity in Department 2 for the current month was as follows:

How many equivalent units for direct materials were added in Department 2 for the current month?

A. 85,000 units.
B. 95.000 units.
C. 70,000 units
D. 80,000 units

Answer: C

Explanation:
Beginning inventory is 40% complete. Hence, direct materials have already been added. Ending inventory has not reached the 25% stage of completion, so direct materials have not yet been added to these units. Thus, the equivalent units for direct materials calculated on a FIFO basis are equal to the units started and completed in the current period 85.000 units completed - 15,000 units in BWIP = 70,000 units started and completed). A manufacturing company employs a process cost system. The company's product passes through both Department 1 and Department 2 in order to be completed. Conversion costs are incurred uniformly throughout the process in Department 2. The direct material is added in Department 2 when conversion is 80% complete. This direct material is a preservative that not change the volume. Spoiled units are discovered at the final inspection and are recognized then for sting purposes. The physical flow of units for the current month is presented below.

NEW QUESTION # 165
A principal advantage of an ERP system is:

A. Program-data dependence.
B. Separate data updating for different functions.
C. Data redundancy.
D. Centralization of data.

Answer: D

Explanation:
An advantage of an ERP system is the elimination of data redundancy through the use of a central database. In principle, information about an item of data is stored once, and all functions have access to it. Thus, when the item such as a price) is updated, the change is effectively made for all functions. The result is reliability data integrity).

NEW QUESTION # 166
......

As you see, all of the three versions are helpful for you to get the IIA-CIA-Part3 certification: the PDF, Software and APP online. So there is another choice for you to purchase the comprehensive version which contains all the three formats, it is the Value Pack. Besides, the price for the Value Pack is quite favorable. And no matter which format of IIA-CIA-Part3 study engine you choose, we will give you 24/7 online service and one year's free updates on the IIA-CIA-Part3 practice questions.

Passing IIA-CIA-Part3 Score Feedback: https://www.validvce.com/IIA-CIA-Part3-exam-collection.html