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Exam Code: CBDA (Updated 60 Q&As)
Exam Name: Certification in Business Data Analytics (IIBA - CBDA)
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NEW QUESTION: 1
Charlotte Villa, CFA, is a portfolio manager analyzing two securities. The 10-year bonds of Zehmer Corp.
are callable beginning in two years. The 10-year bonds of Cavalier Inc. are not callable, but have a floating coupon that adjusts annually based on a margin above comparable maturity U.S. Treasury issues with no limits on the rate adjustment. Both bond issues are rated AA. Villa uses a computer model to value individual bonds based on their zero-volatility spread and/or option-adjusted spread (OAS). She decided to increase the interest rate volatility assumption in her model without changing any of the other model inputs.
Identify how this change in assumption will affect the OAS for each bond.
A. The OAS for the Zehmer bond will decrease, but the OAS for the Cavalier bond will be unchanged.
B. The OAS for both bonds will decrease.
C. The OAS for both bonds will increase.
Answer: A

NEW QUESTION: 2
Your client needs to set up data permission through Security By Department Tree. The client has created the Department Security Tree. Which subsequent steps would you advise your client to perform?
A. Grant access to the user by setting up the Security by Department Tree component for a user's Row Security permission list- Run the Refresh SJT_OPR_CLS process.
B. Grant access to the user by setting up the Security by Department Tree component for any permission list associated with a user - Run the Refresh SJT_OPR_CLS process.
C. Grant access to the user by setting up the Security by Permission List component for a user's Row Security permission list - Run the Refresh SJT CLASS_ALL process.
D. Grant access to the user by setting up the Security by Department Tree component for a user's Row Security permission list.
E. Grant access to the user by setting up the Security by Department Tree component for any permission list associated with a user - Run the Refresh SJT_CLASS_ALL process.
F. Grant access to the user by setting up the Security by Department Tree component for a user's Row Security permission list- Run the Refresh SJT_CLASS_ALL process.
Answer: F

NEW QUESTION: 3
In 2000, Taylor Company received $240,000 rent in advance. For income tax purposes, all of the
$ 240,000 was included in taxable income. However, for financial reporting purposes, only $60,000 was included in the pretax financial income. The tax effects of the $180,000 difference would affect income tax liability, the deferred tax asset, and the deferred tax liability, respectively, in the following ways for 2000:
A. no effect, increase, no effect
B. increase, no effect, increase
C. increase, increase, no effect
Answer: C
Explanation:
Current taxable income is greater than current financial income. This recognition of revenue for tax purposes before financial purposes will result in a deferred tax asset being recognized. The income tax liability will increase because taxable income is greater. There is no effect on a deferred tax liability.


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