One of the Most Common Errors Investigators Make When Analyzing

question 10

Multiple Choice

One of the most common errors investigators make when analyzing time trends is:

• A) incorrect data preparation.
• B) focusing only on one variable, time (the x-axis if graphed).
• C) not monitoring the time taken.
• D) not standardizing for time.

---

Definitions:

Non-current Liability

Long-term financial obligations that are due beyond one year or beyond the normal operating cycle.

Cash Equivalents

Short-term, highly liquid investments that can be easily converted into a known amount of cash with minimal risk of changes in value.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure consistency.

Reconciling Information

The process of verifying the accuracy and consistency of two sets of records, identifying and explaining discrepancies to ensure financial records match.