ACAMS Advanced-CAMS-Audit Q&A - in .pdf

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  • Exam Code: Advanced-CAMS-Audit
  • Exam Name: Advanced CAMS-Audit Certification Exam
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  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
When assessing the gaps between actual and desired organizational performance, which of following measures would NOT considered ?
A. Individual assessment
B. Task assessment
C. Benchmarked results
D. Training and development
Answer: D

NEW QUESTION: 2
In the above screen capture, the administrator notes that the "Save As" and "Apply" buttons are grayed out and have no action.

What is the cause of the problem?

A. attempting changes on a Local Switch
B. does not have administrative rights to perform these actions
C. does not have the correct software license
D. attempting to make changes on a Master Switch
Answer: A

NEW QUESTION: 3
What are the 3 standards approval steps and their authorization object, value and default value?
A. By request owner
B. By system administrator
C. By user administrator
D. By user department
Answer: A

NEW QUESTION: 4
Birch Ltd. had net income for the year of $101,504 and a simple capital structure consisting of the following common shares outstanding:
Months OutstandingNumber of Shares
January - February 24,000
March - June 29,400
July - November 36,000
December 35,040
Assume Birch issued a 20% stock dividend on August 1st. In this case, earnings per share (rounded to the nearest cent) were
A. $2.72
B. $2.88
C. $4.23
D. $2.41
E. $2.67
Answer: E
Explanation:
Explanation/Reference:
Explanation:
Following is the calculation for the weighted average number of shares outstanding (before the 20% stock dividend):
24,000 X (2 / 12) = 4,000
29,400 X (4 / 12) = 9,800
36,000 X (5 / 12) = 15,000
35,040 X (1 /12) = 2,920
weighted average 31,720
Stock dividends are assumed to have occurred at the beginning of the year. Thus, the weighted average number of shares equals the amount before the stock dividend plus 20% more which is equal to 38,064 (31,720 + 20% X 31,720). EPS equals net income divided by the weighted average number of shares outstanding which is $2.67 ($101,504 / 38,064).

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