Code of Ethics & Standards of Professional Conduct question bank (Ethical Standards & Financial Analysis (CFA))

Strict accrual-based recognition ensuring revenue matches incurred expenses for the accounting period (Professionalism Integrity of Capital Markets and Duties to Clients)

Cash-basis omission of unbilled accrued liabilities without footnote disclosure

Arbitrary capitalization of regular operational expenses without future economic benefit

Off-balance sheet concealment of material contingent liabilities

Strict accrual-based recognition ensuring revenue matches incurred expenses for the accounting period (Conflicts of Interest and Disclosures to Investors)

Cash-basis omission of unbilled accrued liabilities without footnote disclosure

Arbitrary capitalization of regular operational expenses without future economic benefit

Off-balance sheet concealment of material contingent liabilities