Quiz On Trf May Release And BC Failure In Doplus

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| By RavikumarKB
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RavikumarKB
Community Contributor
Quizzes Created: 1 | Total Attempts: 297
| Attempts: 297
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  • 1/10 Questions

    Steps to add additional FCC for existing PCR.

    • A) Remove all child values from parent b) Add additional FCC c) Give PCR to all FCCs then click on complete PCR
    • A) Add additional FCC value and Just drag holding shift button and down arrow key then complete PCR
    • A) Add additional FCC and value then place a cursor on the value of Parent FCC and click on Make parent b) Place the cursor on the new value c) click on make child now Complete PCR d) Select PCR Name from dropdown list then click on Save
    • None of the above
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About This Quiz

This quiz assesses knowledge on TRF May Release and BC failure in Doplus, focusing on auditor information handling, PCR editing, and compliance with financial reporting standards. It is crucial for professionals managing financial documents and compliance.

Quiz On Trf May Release And BC Failure In Doplus - Quiz

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  • 2. 
    Auditor information will not be copied over if the submission type is Press release - ProProfs

    Auditor information will not be copied over if the submission type is Press release

    • True

    • False

    Correct Answer
    A. True
    Explanation
    If the submission type is "Press release," the auditor information will not be copied over. This means that when submitting a press release, the details of the auditor will not be included or transferred. Therefore, the statement "Auditor information will not be copied over if the submission type is Press release" is true.

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  • 3. 
    As part of May release Auditor information can be copied for annual final when  - ProProfs

    As part of May release Auditor information can be copied for annual final when 

    • Interim type is Semi-Annual and Submission type is Press release

    • Interim type is Quarter and Submission type is Interim

    • Interim type is Annual and Submission type is ARS.

    • None of the above

    Correct Answer
    A. Interim type is Annual and Submission type is ARS.
  • 4. 
    To avoid XNIC ANNUAL vs. QTR error in Doplus we need to - ProProfs

    To avoid XNIC ANNUAL vs. QTR error in Doplus we need to

    • Check Latest Q3 nine months and Q4 discrete for non-comparable tag

    • Check all quarters from Q1 to Q4 for non-comparable tag

    • Check only press update

    • None of the above

    Correct Answer
    A. Check all quarters from Q1 to Q4 for non-comparable tag
    Explanation
    To avoid XNIC ANNUAL vs. QTR error in Doplus, it is necessary to check all quarters from Q1 to Q4 for non-comparable tags. This means that we need to review the data for each quarter individually to identify any tags that may not be comparable. By doing so, we can ensure that the data is accurate and consistent across all quarters, avoiding any errors or discrepancies in the annual and quarterly reports.

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  • 5. 
    As part of press update CLA or RES has been updated for prior period and now company has filed final ARS where there is no CLA or RES when compare to previous year. In this case what step you follow in TRF? - ProProfs

    As part of press update CLA or RES has been updated for prior period and now company has filed final ARS where there is no CLA or RES when compare to previous year. In this case what step you follow in TRF?

    • Delete CLA or RES updated as part of press update in Doplus

    • As part of Latest RES and CLA policy RES/CLA has to be updated even-though values are matching with prior period

    • Delete CLA or RES updated as part of press update in TRF

    • Just continue with annual update without making any changes

    Correct Answer
    A. As part of Latest RES and CLA policy RES/CLA has to be updated even-though values are matching with prior period
  • 6. 
    We need to keep RSP/CSP done from prelim document in Doplus even-though there is no Non-comparable flag tag in ARS final update. - ProProfs

    We need to keep RSP/CSP done from prelim document in Doplus even-though there is no Non-comparable flag tag in ARS final update.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement is false because if there is no Non-comparable flag tag in the ARS final update, there is no need to keep RSP/CSP done from the prelim document in Doplus.

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  • 7. 
    Before sign off the company no need to check whether the particual issuer ID is locked in doplus or not - ProProfs

    Before sign off the company no need to check whether the particual issuer ID is locked in doplus or not

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement is false because before signing off from the company, it is necessary to check whether the particular issuer ID is locked in doplus or not. This is important to ensure that there are no issues or conflicts with the issuer ID and to prevent any potential problems or errors that may arise after sign off. Not checking the issuer ID status can lead to complications and difficulties in the future.

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  • 8. 
    Edit PCR Set Name will work if the cursor is placed in any of the child value - ProProfs

    Edit PCR Set Name will work if the cursor is placed in any of the child value

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement "Edit PCR Set Name will work if the cursor is placed in any of the child value" is false. The correct answer is false because to edit the PCR Set Name, the cursor must be placed specifically on the PCR Set Name field, not on any of the child values. Placing the cursor on a child value will not allow for editing the PCR Set Name.

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  • 9. 
    If dividend amount is updated and dividend per share is not collected in TRF company will get signed off from doplus automatically - ProProfs

    If dividend amount is updated and dividend per share is not collected in TRF company will get signed off from doplus automatically

    • True

    • False

    Correct Answer
    A. False
    Explanation
    If the dividend amount is updated but the dividend per share is not collected in TRF company, it will not automatically get signed off from doplus. Therefore, the correct answer is False.

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  • 10. 
    If there is huge growth or decrease in any value, in this case we have to check  - ProProfs

    If there is huge growth or decrease in any value, in this case we have to check 

    • If Populated values are in correct scalling

    • If Values are comparable eg. if they have taken from the same source

    • If the value represents pure expense eg. pure expense for depreciation during the year, or it is combined value of depreciation, amortization and impairment and any break out is available should be picked up

    • None of the above

    Correct Answer(s)
    A. If Populated values are in correct scalling
    A. If Values are comparable eg. if they have taken from the same source
    A. If the value represents pure expense eg. pure expense for depreciation during the year, or it is combined value of depreciation, amortization and impairment and any break out is available should be picked up
    Explanation
    The correct answer suggests that if there is a huge growth or decrease in any value, the following factors should be checked:
    1. Populated values should be in the correct scaling.
    2. Values should be comparable, meaning they should be taken from the same source.
    3. The value should represent a pure expense, such as depreciation during the year, or a combined value of depreciation, amortization, and impairment with any breakouts available.

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Quiz Review Timeline (Updated): Mar 20, 2023 +

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  • Current Version
  • Mar 20, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • May 26, 2015
    Quiz Created by
    RavikumarKB

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