CIPS Certification L6M7 Sample Questions | L6M7 Valid Test Fee & L6M7 Reliable Exam Papers - Hospital

- Exam Code: L6M7
- Exam Name: Commercial Data Management
- Version: V12.35
- Q & A: 70 Questions and Answers
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NEW QUESTION: 1
An LTM Specialist is creating a custom EAV monitor.
In which directory should the LTM Specialist upload the script?
A. /usr/monitors
B. /usr/bin/monitors
C. /config/templates
D. /usr/monitor
E. /config/monitors
Answer: E
NEW QUESTION: 2
On January 2, 1993, Quo, Inc. hired Reed to be its controller. During the year, Reed, working closely with Quo's president and outside accountants, made changes in accounting policies, corrected several errors dating from 1992 and before, and instituted new accounting policies.
Quo's 1993 financial statements will be presented in comparative form with its 1992 financial statements.
This question represents one of Quo's transactions. List B represents the general accounting treatment required for these transactions. These treatments are:
* Cumulative effect approach - Include the cumulative effect of the adjustment resulting from the accounting change or error correction in the 1993 financial statements, and do not restate the 1992 financial statements.
* Retroactive or retrospective restatement approach - Restate the 1992 financial statements and adjust 1992 beginning retained earnings if the error or change affects a period prior to 1992.
* Prospective approach - Report 1993 and future financial statements on the new basis but do not restate 1992 financial statements.
Item to Be Answered
Quo manufactures heavy equipment to customer specifications on a contract basis. On the basis that it is preferable, accounting for these long-term contracts was switched from the completed-contract method to the percentage-of-completion method.
List B (Select one)
A. Cumulative effect approach.
B. Prospective approach.
C. Retroactive or retrospective restatement approach.
Answer: C
NEW QUESTION: 3
A. Option C
B. Option B
C. Option D
D. Option E
E. Option A
Answer: E
Explanation:
Compared to the full recovery model, which fully logs all transactions, the
bulk-logged recovery model minimally logs bulk operations, although fully logging other
transactions. The bulk-logged recovery model protects against media failure and, for bulk
operations, provides the best performance and least log space usage.
Note:
The bulk-logged recovery model is a special-purpose recovery model that should be used
only intermittently to improve the performance of certain large-scale bulk operations, such
as bulk imports of large amounts of data.
Recovery Models (SQL Server)
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