D-CIS-FN-23 Practice Questions

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NEW QUESTION: 1
You work as a Finance Manager for Blue Well Inc. The company has a Windows-based network. You are using Excel spreadsheet for maintaining financial budget and other financial calculations. You want to return the depreciation of an asset for a specified period by using the fixed-declining balance method and to return the future value of a starting principal after applying a series of compound interest rates.
Which of the following financial functions will you use to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.
A. NPV function
B. DB function
C. DDB function
D. FVSCHEDULE function
Answer: B,D
Explanation:
Various financial functions (reference) are as follows:
1.ACCRINT function:Itisused toreturntheaccruedinterest forasecuritythatpays
periodic interest.
2.ACCRINTM function: It is used to return the accrued interest for a security that pays
interest atmaturity.
3.AMORDEGRC function: It is used to return the depreciation for each accounting period
by using a depreciation coefficient.
4.COUPDAYBS function: It is used to return the number of days from the beginning of the
coupon period to the settlement date.
5.AMORLINC function: It is used to return the depreciation for each accounting period.
6.COUPDAYS function: It is used to return the number of days in the coupon period
containing the settlement date.
7.COUPDAYSNC function: It is used to return the number of days from the settlement date
to the next coupon date.
8.COUPNCD function: It is used to return the next coupon date after the settlement date.
9.COUPNUM function: It is used to return the number of coupons payable between the
settlement date and maturity date.
10.COUPPCD function: It is used to return the previous coupon date before the settlement
date.
11.CUMIPMT function: It is used to return the cumulative interest paid between two
periods.
12.CUMPRINC function: It is used to return the cumulative principal paid on a loan
between two periods.
13.DB function: It is used to return the depreciation of an asset for a specified period by
using
the fixed-declining balance method.
14.DDB function: It is used to return the depreciation of an asset for a particular period by
using
the double-declining balance method.
15.DISC function: It is used to return the discount rate for a security.
16.DOLLARDE function: It is used to convert a dollar price that is expressed as a fraction
into a
dollar price that is expressed as a decimal number.
17.DOLLARFR function: It is used to convert a dollar price that is expressed as a decimal
number into a dollar price that is expressed as a fraction.
18.DURATION function: It is used to return the annual duration of a security with periodic
interest payments.
19.EFFECT function: It is used to return the effective annual interest rate.
20.FV function: It is used to return the future value of an investment.
21.FVSCHEDULE function: It is used to return the future value of a starting principal after
applying a series of compound interest rates.
22.INTRATE function: It is used to return the interest rate for a fully invested security.
23.IPMT function: It is used to return the interest payment for an investment for a specified
period.
24.IRR function: It is used to return the internal rate of return for a series of cash flows.
25.ISPMTfunction:Itisusedtocalculatetheinterestpaidduringaparticular
periodofan investment.
26.MDURATION function: It is used to return the Macauley modified duration for a security
with an assumed par value of $100.
27.MIRR function: It is used to return the internal rate of return in which positive and
negative
cash flows are financed at different rates.
28.NOMINAL function: It is used to return the annual nominal interest rate.
29.NPER function: It is used to return the number of periods for an investment.
30.NPV function: It is used to return the net present value of an investment on the basis of
a
series of periodic cash flows and a discount rate.
31.ODDFPRICE function: It is used to return the price per $100 face value of a security
with an odd first period.
32.ODDFYIELD function: It is used to return the yield of a security with an odd first period.
33.ODDLPRICE function: It is used to return the price per $100 face value of a security
with an odd last period.
34.ODDLYIELD function: It is used to return the yield of a security with an odd last period.
35.PMT function: It is used to return the periodic payment for an annuity.
36.PPMT function: It is used to return the payment on the principal for an investment for a
particular defined period.
37.PRICE function: It is used to return the price per $100 face value of a security that pays
Periodicinterest.
38.PRICEDISC function: It is used to return the price per $100 face value of a discounted
security.
39.PRICEMAT function: It is used to return the price per $100 face value of a security that
pays
interest at maturity.
40.PV function: It is used to return the current value of an investment.
41.RATE function: It is use d to return the interest rate per period of an annuity.
42.RECEIVED function: It is used to return the amount received at maturity for a fully
invested
security.
43.SLN function: It is used to return the straight-line depreciation of an asset for one period.
44.SYD function: It is used to return the sum-of-years' digits depreciation of an asset for a
particular period.
45.TBILLEQ function: It is used to return the bond-equivalent yield for a Treasury bill.
46.TBILLPRICE function: It is used to return the price per $100 face value for a Treasury
bill.
47.TBILLYIELD function: It is used to return the yield for a Treasury bill.
48.VDB function: It is used to return the depreciation of an asset for a specified or partial
period by using a declining balance method.
49.XIRR function: It is used to return the internal rate of return for a schedule of cash flows
that is not necessarily periodic.
50.XNPV function: It is used to return the net present value for a schedule of cash flows
that is
not necessarily periodic.
51.YIELD function: It is used to return the yield on a security that pays periodic interest.
52.YIELDDISC function: It is used to return the annual yield for a discounted security.
53.YIELDMAT function:It isused to return theannualyield ofa securitythat paysinterest
at maturity.

NEW QUESTION: 2
Which methods can be used to identify AWS costs by departments? (Choose two.)
A. Pay bills using purchase orders.
B. Create separate accounts for each department.
C. Use Reserved Instances whenever possible.
D. Enable multi-factor authentication for the AWS account root user.
E. Use tags to associate each instance with a particular department.
Answer: A,B
Explanation:
Tags are key-value pairs that allow you to organize your AWS resources into groups. You can use tags to:
Visualize information about tagged resources in one place, in conjunction with Resource Groups.
View billing information using Cost Explorer and the AWS Cost and Usage report.
Send notifications about spending limits using AWS Budgets.
Use logical groupings of your resources that make sense for your infrastructure or business. For example, you could organize your resources by:
Project
Cost center
Development environment
Application
Department
Reference:
https://aws.amazon.com/premiumsupport/knowledge-center/tags-billing-cost-center-project/

NEW QUESTION: 3
Which of the following is MOST important for the IS auditor to verify when reviewing the development process of a security policy?
A. Evidence of active involvement of key stakeholders
B. Identification of the control framework
C. Evidence of management approval
D. Output from the enterprise's risk management system
Answer: D