Chapter 7 - IT CISI

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1. Table column entries that begin with the sign "@" are INDIRECT REFERENCES to what?

  • system entities eg currencies, securities & clients - prevents the table from becoming millions of rows.
  • Account Codes & Account Types - prevents the table from becoming millions of rows.
  • Account codes, account types, transaction types, operation, market code - prevents the table from becoming millions of rows.
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2. In an Explosion Table, a FX payment would fall under which column?

  • Account Type
  • Transaction Type
  • Market Code
  • Account Code

3. What is the core function of the Financial Control Department (FCD) of a securities industry firm?

  • To manage Regulatory reporting of the balance sheet & P&L
  • To manage Tax liabilities
  • To manage financial resources of the business
  • To manage financial operations such as accounts payable/recievable

4. Which of these would fall under Balance Information Items?

  • The name of the account
  • Reference Number
  • The opening / closing balance
  • Money value of the transaction

5. A code to represent each of the "relevant money amounts involved in a transaction" would be found in which of the columns in an Explosion Table?

  • Transaction Type
  • Account Type
  • Account Code
  • Operation
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