SAR Exam Review QUESTIONS AND
VERIFED CORRECT ANSWERS
GRADED A+ LATEST 2026-2027 100%
GUARANTEED PASS
Which of the following search methods does the FASB suggest researchers should use as a
starting point when conducting research? (This is also generally the most efficient search
method.) - CORRECT ANSWER-Browse searches
Which of the following features allows researchers to link Codification topics with the original
standards that were used to populate the Codification? - CORRECT ANSWER-Cross reference
Which two organizations give the FASB the authority to establish "authoritative" accounting
guidance? - CORRECT ANSWER-AICPA, SEC
True or False: The chapter generally recommends that researchers should think through
accounting issues on their own before turning to the Codification for guidance. - CORRECT
ANSWER-True
Before you even begin the research process, the book advocates that researchers begin with a
"pre-step." What is this pre-step? - CORRECT ANSWER-Learn about the client's business
(industry).
,True or False: A researcher who does not first understand the client's business runs the risk of
asking questions about a transaction that are not informed. - CORRECT ANSWER-True
The author states that finding potentially relevant guidance can essentially be a sort of
brainstorming exercise. To that end, the author recommends (select two): - CORRECT ANSWER-
That researchers consult all sources of required reading, within a topic, for potentially relevant
guidance
That researchers copy all possibly relevant guidance into a Word document, then later weed out
less relevant sources
True or False: When weighing alternative accounting treatments, a researcher should only
consider authoritative sources of guidance. - CORRECT ANSWER-False
Why use a research process? - CORRECT ANSWER-Because in practice, accounting researchers
actually apply a similar process
Because researchers who do not use a research process often have to make several back-and-
forth trips to a supervisor to gather additional facts
Because a thoughtful research process will allow you to carefully identify and evaluate
alternatives
All answers are correct. YES
Which of the following is not a consideration (or source) a researcher might consult when
weighing alternative accounting treatments? - CORRECT ANSWER-Have I consulted the SEC to
request the SEC's opinion?
,True or False: It's common for researchers to refine their research questions as they work
through the research process. - CORRECT ANSWER-True
Which of the following is not a step that a researcher might take in order to fully understand a
transaction and why it is being entered into? - CORRECT ANSWER-Interviewing individuals from
the SEC to inquire whether they have encountered similar transactions
Which of the following is not a strategy for overcoming biases? - CORRECT ANSWER-Be aware
that biases exist.
Apply a systematic research process.
Obtain information and viewpoints from a variety of sources, including those who might
disagree with you.
These are all strategies for overcoming biases.YES
As a researcher, ways that you can avoid distractions when performing research include which
of the following? - CORRECT ANSWER-Finding a quiet place to perform research
If you do stop research, jotting down on a post-it where you left off
Setting your phone to airplane mode to avoid beeps and alerts
All of the answers are correct YES
A group of executives attended a meeting in which the CFO was the attendee with the most
senior ranking. When the meeting began, the CFO offered his views on the matter at hand, and
, the other meeting attendees expressed agreement with his approach. This scenario could be an
example of which type of bias? - CORRECT ANSWER-Group think biases
Which of the following is not a benefit of identifying the "researchable question" for a research
assignment? - CORRECT ANSWER-Identifying a researchable question will help focus your
research.
The question can help you draw connections between contract terms and research topics.
These questions can help you identify a starting point for conducting your Codification searches.
These are all benefits of identifying researchable questions. YES
Within which step of the research process can listening skills be especially critical? - CORRECT
ANSWER-Understanding the facts/background of the transaction
If a car salesman markets a used car with a $15,000 sticker price and the customer offers to pay
$14,000, this could be an example of which type of bias? - CORRECT ANSWER-Anchoring and
adjustment bias
When two alternative accounting treatments are available for your transaction, but only one
can be selected, it is a best practice to do which of the following? - CORRECT ANSWER-
When two alternative accounting treatments are available for your transaction, but only one
can be selected, it is a best practice to do which of the following? - CORRECT ANSWER-Identify
both alternatives, and present the merits and concerns related to each.
If a researcher prepares a memo based on draft, not-yet-executed contracts, he or she should
do which of the following? - CORRECT ANSWER-Carefully review final contracts once available,
to ensure consistency with draft conclusions.
VERIFED CORRECT ANSWERS
GRADED A+ LATEST 2026-2027 100%
GUARANTEED PASS
Which of the following search methods does the FASB suggest researchers should use as a
starting point when conducting research? (This is also generally the most efficient search
method.) - CORRECT ANSWER-Browse searches
Which of the following features allows researchers to link Codification topics with the original
standards that were used to populate the Codification? - CORRECT ANSWER-Cross reference
Which two organizations give the FASB the authority to establish "authoritative" accounting
guidance? - CORRECT ANSWER-AICPA, SEC
True or False: The chapter generally recommends that researchers should think through
accounting issues on their own before turning to the Codification for guidance. - CORRECT
ANSWER-True
Before you even begin the research process, the book advocates that researchers begin with a
"pre-step." What is this pre-step? - CORRECT ANSWER-Learn about the client's business
(industry).
,True or False: A researcher who does not first understand the client's business runs the risk of
asking questions about a transaction that are not informed. - CORRECT ANSWER-True
The author states that finding potentially relevant guidance can essentially be a sort of
brainstorming exercise. To that end, the author recommends (select two): - CORRECT ANSWER-
That researchers consult all sources of required reading, within a topic, for potentially relevant
guidance
That researchers copy all possibly relevant guidance into a Word document, then later weed out
less relevant sources
True or False: When weighing alternative accounting treatments, a researcher should only
consider authoritative sources of guidance. - CORRECT ANSWER-False
Why use a research process? - CORRECT ANSWER-Because in practice, accounting researchers
actually apply a similar process
Because researchers who do not use a research process often have to make several back-and-
forth trips to a supervisor to gather additional facts
Because a thoughtful research process will allow you to carefully identify and evaluate
alternatives
All answers are correct. YES
Which of the following is not a consideration (or source) a researcher might consult when
weighing alternative accounting treatments? - CORRECT ANSWER-Have I consulted the SEC to
request the SEC's opinion?
,True or False: It's common for researchers to refine their research questions as they work
through the research process. - CORRECT ANSWER-True
Which of the following is not a step that a researcher might take in order to fully understand a
transaction and why it is being entered into? - CORRECT ANSWER-Interviewing individuals from
the SEC to inquire whether they have encountered similar transactions
Which of the following is not a strategy for overcoming biases? - CORRECT ANSWER-Be aware
that biases exist.
Apply a systematic research process.
Obtain information and viewpoints from a variety of sources, including those who might
disagree with you.
These are all strategies for overcoming biases.YES
As a researcher, ways that you can avoid distractions when performing research include which
of the following? - CORRECT ANSWER-Finding a quiet place to perform research
If you do stop research, jotting down on a post-it where you left off
Setting your phone to airplane mode to avoid beeps and alerts
All of the answers are correct YES
A group of executives attended a meeting in which the CFO was the attendee with the most
senior ranking. When the meeting began, the CFO offered his views on the matter at hand, and
, the other meeting attendees expressed agreement with his approach. This scenario could be an
example of which type of bias? - CORRECT ANSWER-Group think biases
Which of the following is not a benefit of identifying the "researchable question" for a research
assignment? - CORRECT ANSWER-Identifying a researchable question will help focus your
research.
The question can help you draw connections between contract terms and research topics.
These questions can help you identify a starting point for conducting your Codification searches.
These are all benefits of identifying researchable questions. YES
Within which step of the research process can listening skills be especially critical? - CORRECT
ANSWER-Understanding the facts/background of the transaction
If a car salesman markets a used car with a $15,000 sticker price and the customer offers to pay
$14,000, this could be an example of which type of bias? - CORRECT ANSWER-Anchoring and
adjustment bias
When two alternative accounting treatments are available for your transaction, but only one
can be selected, it is a best practice to do which of the following? - CORRECT ANSWER-
When two alternative accounting treatments are available for your transaction, but only one
can be selected, it is a best practice to do which of the following? - CORRECT ANSWER-Identify
both alternatives, and present the merits and concerns related to each.
If a researcher prepares a memo based on draft, not-yet-executed contracts, he or she should
do which of the following? - CORRECT ANSWER-Carefully review final contracts once available,
to ensure consistency with draft conclusions.
