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SOFE Exam SOFA-CFE Topic 9 Question 97 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 97
Topic #: 9
[All SOFA-CFE Questions]

A powerful tool for controlling economic events, called _________________ encompasses the development of a long-range or strategic plan, the analysis of capital expenditures, the preparation of short-range plans or budgets, and reports to the Board of Directors and the organization.

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Suggested Answer: C

by Nieves at Sep 17, 2024, 04:59 PM

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Carrol
27 days ago
I'm glad they didn't include 'creative accounting' as an option. That would have been way too tempting for some of my classmates! Financial planning it is.
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Martin
29 days ago
Haha, 'surplus relief'? What is this, a charity event? Financial planning is definitely the correct answer.
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Louis
2 days ago
Definitely, financial planning is crucial for controlling economic events.
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Candida
12 days ago
Financial planning
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Yaeko
1 months ago
I'm not sure about 'accrual planning' - that sounds more like an accounting concept than a strategic tool. Financial planning is the clear winner in my opinion.
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Leanora
9 days ago
Financial budgets are crucial for setting goals and tracking progress towards financial objectives.
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Veronique
13 days ago
Accrual planning is more about recognizing revenue and expenses when they are incurred, not really about long-term strategy.
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Talia
1 months ago
I agree, financial planning is definitely the most important tool for controlling economic events.
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Helene
2 months ago
I'm not sure, but I think it's D) Financial budgets because it involves preparing short-range plans and budgets.
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Mica
2 months ago
Financial planning seems to be the most comprehensive option here. It covers long-term strategy, capital expenditures, and reporting to the Board.
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Lashonda
27 days ago
Financial budgets are also important for ensuring resources are allocated effectively.
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Glory
1 months ago
I agree, financial planning is crucial for managing economic events.
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Cristina
2 months ago
I agree with Louis, financial planning is crucial for controlling economic events.
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Louis
3 months ago
I think the answer is A) Financial planning.
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