NACVA Exam CVA Topic 3 Question 88 Discussion

Actual exam question for NACVA's CVA exam

Question #: 88
Topic #: 3

The determination of which asset-based method to use in a given valuation engagement should be a function of all of the following EXCEPT:

AThe experience and judgment of the analyst

BThe quantity and quality of available data

CThe purpose and objective of the valuation

DFinancial asset account categories

Show Suggested Answer

Suggested Answer: D

by Tawna at May 31, 2024, 09:27 PM

Limited Time Offer

25%

Off

Get Premium CVA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lashawn

5 months ago

This question is about as clear as mud. But I'm going to go with A. The analyst's experience and judgment? That's the real secret sauce in this valuation game, am I right?

upvoted 0 times

...

Wow, this question is really speaking my language. I think the answer is B. The quantity and quality of available data is the key to unlocking the perfect asset-based method. Everything else is just gravy.

upvoted 0 times

Cortney

4 months ago

Actually, I think the purpose and objective of the valuation is the most important factor to consider.

upvoted 0 times

...

Broderick

5 months ago

I agree, having the right data is crucial for accurate valuation.

upvoted 0 times

...

Jeanice

6 months ago

Hold up, is this a trick question? I bet the answer is C. The purpose of the valuation should always be the driving force, not some accountant's wet dream of categorizing financial assets.

upvoted 0 times

Natalie

5 months ago

A) The experience and judgment of the analyst

upvoted 0 times

...

Myong

5 months ago

C) The purpose and objective of the valuation

upvoted 0 times

...

Ronnie

6 months ago

Easy peasy! The purpose and objective of the valuation is the most important factor in determining the asset-based method. Everything else is just window dressing.

upvoted 0 times

Barbra

5 months ago

The quantity and quality of available data can't be overlooked either.

upvoted 0 times

...

Nicolette

5 months ago

The experience and judgment of the analyst also play a crucial role.

upvoted 0 times

...

Edna

5 months ago

I agree, the purpose and objective of the valuation drive everything.

upvoted 0 times

...

Carin

6 months ago

This is a tricky one. I think the experience and judgment of the analyst should be the only thing that doesn't matter. Isn't that the whole point of being a valuation expert?

upvoted 0 times

...

Nada

6 months ago

I'm pretty sure the answer is D. Financial asset account categories don't have anything to do with choosing the right asset-based method.

upvoted 0 times

Rene

5 months ago

Yeah, it's more about the analyst's experience, available data, and the purpose of the valuation.

upvoted 0 times

...

Lindsey

5 months ago

Definitely, the experience and judgment of the analyst also play a key role.

upvoted 0 times

...

Tashia

6 months ago

I agree, D doesn't seem relevant to choosing the right asset-based method.

upvoted 0 times

...

Fletcher

6 months ago

Yeah, I agree. The purpose and objective of the valuation seem more important.

upvoted 0 times

...

Jamal

6 months ago

The purpose and objective of the valuation is much more important in determining the right asset-based method.

upvoted 0 times

...

Michel

6 months ago

I think you're right, D doesn't seem relevant to choosing the method.

upvoted 0 times

...

Cyndy

6 months ago

I agree, financial asset account categories are not relevant in this case.

upvoted 0 times

...

Josphine

6 months ago

I disagree, I believe the answer is A) The experience and judgment of the analyst.

upvoted 0 times

...

Carline

6 months ago

I think the answer is D) Financial asset account categories.

upvoted 0 times

...

NACVA Exam CVA Topic 3 Question 88 Discussion

Contribute your Thoughts:

Lashawn

Inocencia

Cortney

Broderick

Jeanice

Natalie

Myong

Ronnie

Barbra

Nicolette

Edna

Carin

Nada

Rene

Lindsey

Tashia

Fletcher

Jamal

Michel

Cyndy

Josphine

Carline