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Failing CFE-Financial-Transactions-and-Fraud-Schemes means paying the full registration fee a second time, and that is an expensive way to learn. Prepare with 237 ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes practice questions from Fast2test and give yourself the best chance of passing on your first attempt.
ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Overview:
| Certification Vendor: | ACFE |
|---|---|
| Exam Name: | Financial Transactions and Fraud Schemes (CFE Exam Section) |
| Exam Number: | CFE-Financial-Transactions-and-Fraud-Schemes |
| Related Certifications: | Certified Fraud Examiner (CFE) |
| Certificate Validity Period: | Ongoing certification valid with continuing professional education (CPE) compliance and adherence to ACFE ethics requirements |
| Available Languages: | English |
| Real Exam Qty: | 100 |
| Passing Score: | 75% |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice, Computer-Based Testing |
| Recommended Training: | ACFE CFE Exam Review Courses ACFE Fraud Prevention Training Resources |
| Exam Registration: | ACFE Official Certification Exam Page ACFE Membership and Application Portal |
| Sample Questions: | ACFE CFE-Financial-Transactions-and-Fraud-Schemes Sample Questions |
| Exam Way: | Computer-based exam delivered online or at authorized testing centers |
| Pre Condition: | Candidates must meet ACFE eligibility requirements including a combination of education and professional experience, and be an Associate Member of ACFE. |
| Official Syllabus URL: | https://www.acfe.com/cfe-credential/exam-prep |
ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financial Transaction Analysis | - Banking and cash flow transactions - General ledger and journal entries - Internal controls in financial processes |
| Fraud Schemes in Financial Reporting | - Financial statement fraud schemes - Earnings manipulation techniques - Misrepresentation of assets and liabilities |
| Financial Statements and Accounting Fundamentals | - Financial statement structure and interpretation - Revenue, expenses, assets, and liabilities recognition - Basic accounting principles and concepts |
| Asset Misappropriation and Corruption Schemes | - Billing and expense reimbursement fraud - Cash skimming and cash larceny schemes - Corruption schemes including bribery and conflicts of interest |
ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam FAQs and Straight Answers
The CFE-Financial-Transactions-and-Fraud-Schemes exam, officially titled Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam, is the qualifying test for the Certified Fraud Examiner (CFE) certification from ACFE, a credential at the Professional level. Passing it proves you have the skills employers look for in certified professionals, and it can also support progress toward related credentials such as Certified Fraud Examiner (CFE).
The ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes exam gives you 120 minutes to work through 100 questions. That is a steady pace with little room for second-guessing, so train yourself to read each question once, flag the difficult ones, and keep moving. Before exam day, sit at least two full timed sessions in the Fast2test test engine — when the clock feels familiar, it stops being a threat.
Candidates must meet ACFE eligibility requirements including a combination of education and professional experience, and be an Associate Member of ACFE. Eligibility rules can change over time, so before you register, confirm the latest requirements on the official exam page: ACFE CFE-Financial-Transactions-and-Fraud-Schemes exam overview.
You can book your CFE-Financial-Transactions-and-Fraud-Schemes exam through any of these official registration channels:
The exam is delivered as Computer-based exam delivered online or at authorized testing centers, so you can pick the option that fits your schedule when you book.
ACFE recommends the following training for ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes candidates:
Pair that training with the 237 practice questions from Fast2test and you can check your readiness topic by topic before exam day.
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Your purchase is protected by a 100% money-back guarantee. If you sit the corresponding CFE-Financial-Transactions-and-Fraud-Schemes exam within 60 days of buying and do not pass, send us a scan of your exam enrollment slip together with your official Score Report (PDF) within 2 days of the exam date — the candidate name must match the payer's name — and we will process your full refund within 7 days. Please note that exams taken within 3 days of purchase, materials downloaded without ever sitting the exam, free products, and expired orders are not covered. If you would rather not have a refund, you can exchange your order for two exam products of equal value, free of charge, and keep the update service on your original purchase.
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The ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes syllabus is organized into 4 domains. The main areas include Asset Misappropriation and Corruption Schemes, Financial Transaction Analysis, and Financial Statements and Accounting Fundamentals. Scroll up to the Exam Topics section above for the complete, current outline before you plan your study schedule.
ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Sample Questions:
Question 1
Which of the following statements regarding new account fraud is MOST ACCURATE?
A. Automated teller machines (ATMs) are rarely targets of new account fraud because it is easier for criminals to commit fraud via face-to-face transactions.
B. It is more likely that fraud will occur in established accounts than in accounts that are still considered to be new.
C. Mobile deposits are at high risk for new account fraud because fraudsters can easily make deposits using forged or counterfeit images.
D. New account fraud can be defined as any fraud that occurs on an account during the first six months that it is open.
Question 2
What type of fraud scheme would MOST LIKELY be revealed by comparing a company's personnel records with its payroll records to identify duplicate addresses and government identification numbers?
A. A falsified hours and salary scheme
B. A ghost employee scheme
C. An expense reimbursement scheme
D. A fraudulent commissions scheme
Question 3
Employees steal an incoming payment and then place the incoming funds in an interest-bearing account for:
A. Short-term skimming
B. Concealing the fraud
C. All of the above
D. Converting stolen checks
Question 4
Which of the following ratios can be used to determine the efficiency with which a company uses its assets?
A. Receivable turnover ratio
B. Asset turnover ratio
C. Quick ratio
D. Debt-to-equity ratio
Question 5
Which of the following is the MOST ACCURATE statement about the different types of malware?
A. A Trojan horse is a hidden program that displays advertisements while the computer is operating.
B. Ransomware is malicious software that locks the operating system and restricts access to data files.
C. A computer worm is a program that appears useful but monitors and logs keystrokes.
D. Spyware is a software program with instructions executed every time a computer is turned on.
Solutions:
| Question 1 Answer: C | Question 2 Answer: B | Question 3 Answer: C | Question 4 Answer: B | Question 5 Answer: B |
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