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A. Any group member may approve.
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C. Approval must be obtained from one group member at a time.
D. All group members must approve.
Answer: C,D
NEW QUESTION: 2
You are a Financial Controller at BCD and are in the process of preparing the year-end financial statements. A member of your finance team has come to see you about her provisions balance at year- end.
She says that the Managing Director has asked her to increase the provisions balance by $1 million overall. She thinks this is because BCD has had a very good year in terms of profit, and the Managing Director wants to put some profit aside to protect against any future reductions in profit. $1 million is material to BCD.
You believe that the provisions balance was fairly stated without the additional $1 million.
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A. Tell the member of your finance team to ignore the Managing Director and to leave the provisions balance as it was.
B. Discuss the matter with the Finance Director as he is your immediate line manager.
C. Contact the external auditors of BCD and tell them that the Managing Director wants to change the provisions balance.
D. Speak to the shareholders at the upcoming annual general meeting about this issue.
E. Speak to the Managing Director to explain that the level of provisions is governed by financial reporting standards.
Answer: B,E
NEW QUESTION: 3
Which two screen types can be launched from Oracle FLEXCUBE menu? (Choose two.)
A. Child Screen
B. Main Screen
C. Launch Form
D. Call Forms
Answer: A,B
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