AOF NAFTRACK CERTIFICATION EXAM
QUESTIONS WITH 100% VERIFIED
ANS!!
1 of 36
Definition
Serves as the central accounting record that summarizes and
categorizes all financial transactions, allowing for the preparation of
financial statements and analysis of a company's overall financial
position. (think basic T-charts)
Give this one a try later!
Subsidiary Ledger Payroll
, General Balance Sheet
Ledger
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2 of 36
Definition
To get hired
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Financial Advisor Purpose of a Resume
Be Able to Identify and
Discuss Regulatory Planning
Agencies
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3 of 36
Definition
Policies establish standards for employee honesty; Ethical
leadership and culture of integrity, sound personnel duties
and
supervision, security of assets, segregation of duties,
independent verification, documentation that supports
evaluation (background checks, paying people
competitive wages)
, Give this one a try later!
Financial Advisor Financial Analyst
Internal Controls External Controls
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4 of 36
Definition
Compares previous/historic performance with current
performance
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Percent Analysis Vertical Analysis
Horizontal Analysis Ratio Analysis
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5 of 36
Definition
A closing entry is a journal entry that is made at the end of an
accounting period to transfer balances from a temporary
account to a permanent account. Companies use closing
entries to reset the
QUESTIONS WITH 100% VERIFIED
ANS!!
1 of 36
Definition
Serves as the central accounting record that summarizes and
categorizes all financial transactions, allowing for the preparation of
financial statements and analysis of a company's overall financial
position. (think basic T-charts)
Give this one a try later!
Subsidiary Ledger Payroll
, General Balance Sheet
Ledger
Don't know?
2 of 36
Definition
To get hired
Give this one a try later!
Financial Advisor Purpose of a Resume
Be Able to Identify and
Discuss Regulatory Planning
Agencies
Don't know?
3 of 36
Definition
Policies establish standards for employee honesty; Ethical
leadership and culture of integrity, sound personnel duties
and
supervision, security of assets, segregation of duties,
independent verification, documentation that supports
evaluation (background checks, paying people
competitive wages)
, Give this one a try later!
Financial Advisor Financial Analyst
Internal Controls External Controls
Don't know?
4 of 36
Definition
Compares previous/historic performance with current
performance
Give this one a try later!
Percent Analysis Vertical Analysis
Horizontal Analysis Ratio Analysis
Don't know?
5 of 36
Definition
A closing entry is a journal entry that is made at the end of an
accounting period to transfer balances from a temporary
account to a permanent account. Companies use closing
entries to reset the
