ACAMS CAMS Q&A - in .pdf

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  • Exam Code: CAMS
  • Exam Name: Certified Anti-Money Laundering Specialists
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NEW QUESTION: 1
A company deployed the guest Self-registration with Sponsor Approval workflow for their guest SSID. The
administrator logs into the Policy Manager and sees the following in the Guest User Repository:

What can you conclude from the above? (Choose 2)
A. The sponsor has confirmed the guest account.
B. The guest has not submitted the registration form yet.
C. The user's account is active.
D. The guest has submitted the registration form.
E. The sponsor has not confirmed the guest account yet.
Answer: D,E

NEW QUESTION: 2
Deficits accumulated during the development stage of a company should be:
A. Capitalized and written off in the first year of principal operations.
B. Reported as a part of stockholders' equity.
C. Capitalized and amortized over a five year period beginning when principal operations commence.
D. Reported as organization costs.
Answer: B
Explanation:
Choice "b" is correct. Deficits accumulated during the development stage of a company should be
reported as a part of stockholders' equity.
Rule: Development stage enterprises should present FS in accordance with GAAP and make additional
disclosures such as: cumulative net losses, cumulative deficit (as part of equity), cumulative sales &
expenses (part of I/S), cumulative statement of cash flows and supplementary "shareholders equity."
Choices "a", "c", and "d" are incorrect, per the rule above.

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Universal Containers wants to create a Job Application custom object related to a Job Posting custom object.
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What type of field should an administrator create on the Job Application to enable this functionality?
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B. Formula
C. Lookup
D. Roll-up Summary
Answer: C

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