Worldatwork Exam c8 Topic 2 Question 85 Discussion

Actual exam question for Worldatwork's c8 exam

Question #: 85
Topic #: 2

[All c8 Questions]

Quarterly financial reports typically include data for a given quarter compared to what?

AThe previous quarter

BThe budget

CThe same quarter in the previous year, plus the current six-month or nine-month cumulative comparables

DThe aggregate performance of the same quarter in the previous three years

Show Suggested Answer

Suggested Answer: C

by Iluminada at Nov 17, 2024, 06:20 AM

Limited Time Offer

25%

Off

Get Premium c8 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Craig

6 months ago

Haha, D sounds like a job for an accountant with way too much time on their hands. C is the practical choice.

upvoted 0 times

...

Kenny

6 months ago

I'm going with C. Comparing to the previous year and the current year-to-date is the standard way to do it.

upvoted 0 times

Mel

5 months ago

D seems like it would give a good long-term perspective on performance.

upvoted 0 times

...

Eleonore

5 months ago

I always look at A to see how we are doing compared to the previous quarter.

upvoted 0 times

...

Rebecka

5 months ago

I think B is also important to see if we are staying within our budget.

upvoted 0 times

...

Rodolfo

5 months ago

I agree, C is the most comprehensive way to compare quarterly financial reports.

upvoted 0 times

...

Odelia

7 months ago

I agree with both of you. It's important to have a comprehensive view of the performance over time.

upvoted 0 times

...

Katina

7 months ago

I believe it also includes the current six-month or nine-month cumulative comparables.

upvoted 0 times

...

Kristeen

7 months ago

I think quarterly financial reports compare data to the same quarter in the previous year.

upvoted 0 times

...

Margot

7 months ago

D sounds like a lot of work. Who has time to compare to the past three years? C is clearly the way to go.

upvoted 0 times

Trina

6 months ago

I think C is important for seeing trends over time and making informed decisions.

upvoted 0 times

...

Bettina

6 months ago

Yeah, comparing to the same quarter in the previous year gives a good overall picture.

upvoted 0 times

...

Gennie

7 months ago

I agree, C seems like the most comprehensive option.

upvoted 0 times

...

Ira

7 months ago

I think the correct answer is C. It makes the most sense to compare the current quarter to the same quarter last year, as well as the year-to-date numbers.

upvoted 0 times

Pauline

6 months ago

Yes, looking at the cumulative comparables can provide a more comprehensive view of our financial performance.

upvoted 0 times

...

Lajuana

6 months ago

I always find it helpful to see how we are doing compared to the previous quarter.

upvoted 0 times

...

Amie

7 months ago

I think it's important to also look at the budget to see if we are on track with our financial goals.

upvoted 0 times

...

Dorethea

7 months ago

I agree, comparing to the same quarter last year gives a good perspective on performance.

upvoted 0 times

...