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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 1 question 33 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 33
Topic #: 1
[All IIA-CIA-Part2 Questions]

Which of the following trends found on financial reports would most likely indicate a possible problem?

  • A. A material decrease in the receivables turnover.
  • B. A material increase in inventory turnover.
  • C. A material increase in daily sales compared to total outstanding receivables.
  • D. A material increase in the acid-test ratio.
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Suggested Answer: A 🗳️

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ekek
Highly Voted 1 year, 6 months ago
Increase in inventory turnover is not a problem since it means high sales, while decrease in AR turnover means poor credit policies or poor collections..
upvoted 6 times
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Nangamso
Most Recent 12 months ago
Answer - A ( the number of times debtors is converted into cash has decreased in the period) - so this would mean a decrease in AR or increase in Average AR Answer - B (a number of times inventory is converted to cash/sold in the period) would mean an increase in COS (increase in sales) or decrease in average inventory
upvoted 1 times
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kang1
1 year, 7 months ago
Pls can you explain why option A is the right answer and not option B?
upvoted 1 times
theJMG
1 year, 4 months ago
Assuming credit sales remain consistent, an increase in average AR (resulting to decrease in AR turnover) can possibly indicate poor customer credit mananagement. For B, assuming COGS is consistent, decrease in average Inventory (increasing Inventory Turnover) can possibly indicate that inventories are consistently moving thus more sales.
upvoted 1 times
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tentenwins
1 year, 6 months ago
A would mean that the average receivables have materially increased.. which would be a problem. i think
upvoted 1 times
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