The Planning Phase of the CFA Institute's Investment Management Process

question 69

Multiple Choice

The planning phase of the CFA Institute's investment management process

• A)uses data about the client and capital market.
• B)uses details of optimal asset allocation and security selection.
• C)uses changes in expectations and objectives.
• D)All of the options
• E)None of the options

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Definitions:

Subsidiary Ledger

A detailed ledger that contains all the transaction-level detail for accounts in the general ledger, often used for accounts receivable, accounts payable, etc.

Subsidiary Ledger

A set of detailed accounts that supports the balance reported in a general ledger control account.

Accounts Receivable

The outstanding invoices a company has or the money the company is owed by its clients.

PR Column

Likely refers to a reference or designation in accounting or bookkeeping but insufficient context for a precise definition. Could potentially mean "Posting Reference" column used to track entries in ledgers.