Extra Practice Flashcards
1
Q
What is the variable overhead efficiency variance formula?
A
(Standard units x SDL hours) - (Actual units x SDL hours)
x Standard rate
2
Q
Cost of capital funds for preferred stock formula
A
Preferred stock dividends are not tax deductible.
= Dividend/(Cost of stock- fees)
3
Q
What are push reports?
A
Reports that are automatically sent to an end user’s screen or desktop.
4
Q
What is risk assessment component of ERM?
A
Includes analyzing risk, including the establishment of the events’ likelihood and impact.
5
Q
Risk Assessment Component of COSO
A
Includes principles such as financial reporting objectives, risks, and fraud risk.
