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NEW QUESTION: 1
As part of the new strategic direction, the executive management has decided to create a portfolio for the development of a new product. You have been assigned as the portfolio manager. What should you do as a first step?
A. Develop the Strategic Plan
B. Update the Strategic Plan
C. Update existing portfolio
D. Check existing portfolios, programs and projects
Answer: D
Explanation:
Explanation
This is important to know, the first step of every portfolio is checking the inventory of work which relates to the existing portfolios, programs and projects

NEW QUESTION: 2
An examination of a financial forecast is a professional service that involves:
A. Limiting the distribution of the accountant's report to management and the board of directors.
B. Assuming responsibility to update management on key events for one year after the report's date.
C. Compiling or assembling a financial forecast that is based on management's assumptions.
D. Evaluating the preparation of a financial forecast and the support underlying management's
assumptions.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "d" is correct. An examination of a financial forecast is a professional service that involves:
1) evaluating the preparation of the prospective financial statements,
2) evaluating the support underlying the assumptions,
3) evaluating the presentation of the prospective financial statements in conformity with AICPA guidelines,
and
4) issuing an examination report.
Choice "a" is incorrect. Compiling or assembling a financial forecast based on management's assumptions
is part of a compilation engagement, not an examination engagement.
Choice "b" is incorrect. A financial forecast may be issued for general use.
Choice "c" is incorrect. The accountant's standard report specifically states that the accountant assumes
no responsibility to update the report for events and circumstances occurring after the date of the report.

NEW QUESTION: 3
Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y. On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October
2014. The employee record set up in the plan setting is "Employment terms," while the Legal Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear? (Choose the best answer.)
A. Manager Z, because this is the current manager to whom Employee X is reporting.
B. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
C. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.
D. Manager Y, because this is the original manager of Employee X.
Answer: B