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Exam Code: CFE-Financial-Transactions-and-Fraud-Schemes Dumps

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NEW QUESTION: 1
A Solutions Architect is designing a database solution that must support a high rate of random disk reads
and writes. It must provide consistent performance, and requires long-term persistence.
Which storage solution BEST meets these requirements?
A. An Amazon EBS General Purpose volume
B. An Amazon EC2 Instance Store
C. An Amazon EBS Provisioned IOPS volume
D. An Amazon EBS Magnetic volume
Answer: C

NEW QUESTION: 2
All data is of equal importance. Data quality management efforts should be spread between all the data in the organization.
A. FALSE
B. TRUE
Answer: A

NEW QUESTION: 3
A sys admin is maintaining an application on AWS. The application is installed on EC2 and user has configured ELB and Auto Scaling. Considering future load increase, the user is planning to launch new servers proactively so that they get registered with ELB.
How can the user add these instances with Auto Scaling?
A. Increase the desired capacity of the Auto Scaling group
B. Launch an instance manually and register it with ELB on the fly
C. Increase the maximum limit of the Auto Scaling group
D. Decrease the minimum limit of the Auto Scaling group
Answer: A
Explanation:
Explanation/Reference:
Explanation:
A user can increase the desired capacity of the Auto Scaling group and Auto Scaling will launch a new instance as per the new capacity. The newly launched instances will be registered with ELB if Auto Scaling group is configured with ELB. If the user decreases the minimum size the instances will be removed from Auto Scaling. Increasing the maximum size will not add instances but only set the maximum instance cap.
http://docs.aws.amazon.com/AutoScaling/latest/DeveloperGuide/as-manual-scaling.html

NEW QUESTION: 4
In November of the current year, the vice-president of a local bank reviews the bank's mortgage portfolio prior to the December 31 year-end. The bank's largest client has mortgages on buildings in three cities. The client has incurred net losses for the past 3 years and is now experiencing serious cash flow problems. For the past 6 months, no payments have been made on any of the three mortgages. The vice-president reluctantly concludes that it is probable that the full amount of principal and interest will not be collected. What is the impact of this conclusion on the local bank's current year financial statements?
A. The carrying amount of the mortgages should be reduced, with a charge to the income statement
B. No accounting or disclosure of a possible loss in value is necessary.
C. Contingency note disclosure of a possible impairment is required.
D. The carrying amount of the mortgages should be reduced, with a charge directly to retained earnings.
Answer: A
Explanation:
A financial asset, such as a lender's mortgage receivable, is impaired if its carrying amount at the balance sheet date exceeds its estimated recoverable amount If it is probable that all amounts due on such a held-to-maturity investment a financial asset carried at amortized cost) cannot be collected, the loss should be included in profit or loss_ The loss equals the difference between the carrying amount and the present value of the expected future cash flows discounted at the original effective interest rate. The carrying amount of the asset should be reduced to its estimated recoverable amount directly or by crediting an allowance account.


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