Which of the Following Is True About Certification Methods

question 48

Multiple Choice

Which of the following is true about certification methods?

• A)Recertification has been replaced with one-time certification.
• B)Newer certification procedures are moving away from on-demand review and towards scheduling fixed-review points..
• C)Certification cannot be accomplished through on-the-job demonstrations.
• D)Certification cannot be accomplished through peer review.
• E)Scheduling makes it more difficult to budget and control payroll increases.

---

Definitions:

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which does not necessarily coincide with the calendar year.

Direct Write-Off Method

An accounting approach where uncollectible debts are written off directly against income at the time they are deemed nonrecoverable.

Bad Debts Expense

Bad debts expense represents the amount of receivables a company estimates it will not collect due to customer defaults.

Trade Receivables

Amounts owed to a business by its customers for goods or services delivered on credit.