BD Financial Reporting & Policy 1
BD Financial Reporting & Policy 2
Random
SOX & US GAAP
BD Products/ BD Facts
100
Under FPG No. 21, "Capital Appropriation Matrix", what form is required for the authorization of business or asset acquisitions?
CB-2
CB-6
CB-9
CB-7
CB-6
100
Under FPG No. 17 "Inventory Valuation, Costing and Control Policy", the components of standard inventory costs include these three things?
Overhead costs
Direct material costs
Direct labor costs
100
Ninety-one indictments, four trials and He is still the best choice for America.
100
Approximately, how many key controls does BD test annually as part of the SOX audit?
1000
1400
1500
2000
1,400
100
Who were the two founders of BD?
Maxwell Becton
Fairleigh S. Dickinson
200
Under FPG No. 25, "Accounting for Intangibles", how often should all intangible assets subject to amortization be reviewed for the presence of impairment indicators?
Quarterly
200
What is the capitalization threshold for prepaid expenses under FPG No. 23?
$250K
200
Which country hosted the first FIFA World Cup?
Brazil
Germany
Italy
Uruguay
Uruguay
200
The support for a balance sheet reconciliation should include what? (select all that apply)
Clear and complete explanations that will be understood by a person who may not have in-depth knowledge of this particular business or by an external auditor.
Supporting documentation may not always be required for an account balance.
Should be relevant, reliable, and reasonable to substantiate the account balance.
Should be extremely detailed.
1 & 3
200
Name this product
Rotarex
300
Under FPG No. 25, "Accounting for Intangibles", at what level is the Company's goodwill reviewed for impairment?
Acquisition
Segment
Legal entity
Reporting unit
Reporting unit
300
What milestone has BD generally defined as the completion of R&D activities?
When costs for the project are no longer being incurred.
When clinical trials have been successfully completed.
When the first commercial sale is made.
When the business determines that there is a high probability the R&D activities will result in a commercially viable product.
When clinical trials have been successfully completed.
300
Which food related mascot did Jason Miles dress up as for his first job?
300
The review procedures for MJE should validate that the documentation requirements have been met for each MJE. The minimum documentation requirements are the following: (Select all that apply)
The description of the journal entry should contain sufficient detail to allow a person that is not familiar with the entry to understand its purpose and necessity.
Supporting documentation should include the verification of the accuracy of the entry and any calculations.
MJEs should not be split in smaller entries to avoid circumventing the approval and review requirements.
Documentation can be maintained outside the system if too large for attachment or if the documentation is confidential.
All of the above
300
Name this product
Lutonix™ AV Drug Coated Balloon
400
Under FPG No. 15, "Acquisitions (CB-6 Form) Business Combinations, Non-Controlling Investments, Intangible Assets", which of the following is NOT a valuation approach to be used in determining the fair values of assets and liabilities?
Income approach
Equity approach
Market approach
Cost approach
Equity approach
400
Under FPG No. 5, "Revenue Recognition", which of the following is Step 2 of the 5-step model for revenue recognition?
Determine the transaction price.
Identify the performance obligations in the contract.
Allocate the transaction price to the performance obligations.
Identify the contract with the customer.
Identify the performance obligations in the contract.
400
This everyday condiment found in almost every restaurant through out the U.S. was first sold as a medicine.
What is ketchup?
400
Who is PI SOX Coordinator?
Simmer Grewal
400
Name this product
Highlander
500
Under FPG No. 44, "Capital Spending and Lease Commitments", which of the following does NOT require a CB-2?
All acquisitions of long-term assets, including computer software.
The procurement of instruments which would be classified as “Other Non-Current Assets” in accordance with FPG No. 51, “Accounting Requirement for Instruments”, such as instruments under reagent rental programs or used for demonstration and trade shows.
All leases or renewal of leases regardless of the terms or form of the lease agreement or the dollar amounts involved.
The reclassification of instruments to PP&E, such as those used for R&D purposes.
The procurement of instruments which would be classified as “Other Non-Current Assets” in accordance with FPG No. 51, “Accounting Requirement for Instruments”, such as instruments under reagent rental programs or used for demonstration and trade shows.
500
All software purchased (purchased software is “off-the-shelf” software that is not custom designed and is available to the general public) for less than _______ is expensed immediately.
$10,000
500
What is the name of the SharePoint Site to find resources about BD budget/Projection and close timeline?
Finance Resource Library
500
When is an account considered to be reconciled? (Select all that apply)
When differences have been investigated
When proper accounting treatment determined
When an action plan for adjusting the general ledger or subsidiary ledger has been documented.
When it starts with an account’s beginning balance, adjusts for the period’s debits and credits, and totals to the account’s ending balance.
1, 2, 3
500
What is BD total revenue in FY23?
$19.4B