ACFE ACFE-CFE Online Practice Questions and Exam Preparation

ACFE ACFE-CFE Online Questions & Answers

• Question 81:

  Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:

  A. Accruals
  B. Depreciations
  C. Expenses
  D. Financial record
  A. Accruals

• Question 82:

  According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

  A. Revenue and corresponding expenses
  B. Revenue and Income statement
  C. Income statement and Long-term contracts
  D. Capitalized expenses and Liabilities
  A. Revenue and corresponding expenses

• Question 83:

  In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:

  A. High-resolution sprays
  B. Holographic safety inks
  C. Watermark backers
  D. Chrome coloring
  C. Watermark backers

• Question 84:

  A journal in which all sales made on credit or cash are listed is:

  A. Disbursement journal
  B. Accounts receivable journal
  C. Accounts payable journal
  D. General journal
  B. Accounts receivable journal

• Question 85:

  Revenue is recognized when it is:

  A. Realized and Earned
  B. Fictitious and Earned
  C. Realized and Evidenced
  D. All of the above
  A. Realized and Earned

• Question 86:

  When employee committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to:

  A. Registry destroying records
  B. Register false voids
  C. Fraudulent register occurrences
  D. Concealing register disbursement
  D. Concealing register disbursement

• Question 87:

  Which of the following search is used for unusually high incidence of returns and allowances scheme?

  A. Allowances by vendors
  B. Disposals of allowances than reorders
  C. Returns and allowances
  D. None of the above
  C. Returns and allowances

• Question 88:

  According to a survey, in principal perpetrator, males in a majority of cases, accounting for ___ percent of frauds versus ___ percent in which a female was the primary culprit.

  A. 62 versus 36
  B. 61 versus 39
  C. 62 versus 37
  D. None of the above
  B. 61 versus 39

• Question 89:

  ________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

  A. Deceive
  B. Delude
  C. Mislead
  D. Beguile
  B. Delude

• Question 90:

  By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

  A. Fraudulent statement
  B. Misappropriations
  C. Conservatism
  D. Matching
  C. Conservatism