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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 4 Question 117 Discussion

According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:
C) Timings have been met
A) Persuasive evidence of an arrangement exists
B) Services has been rendered
D) Collectability is reasonably assured

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam - Topic 4 Question 117 Discussion

Actual exam question for ACFE's CFE-Financial-Transactions-and-Fraud-Schemes exam
Question #: 117
Topic #: 4
[All CFE-Financial-Transactions-and-Fraud-Schemes Questions]

According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:

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Suggested Answer: C

by Lavelle at Oct 16, 2025, 04:49 PM

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Sol
6 months ago
Overall, I lean towards C too. Timing can vary widely.
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Sharan
6 months ago
I feel A is essential. Without evidence, nothing counts.
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Hollis
7 months ago
True, but if services are rendered, C might not matter.
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Dong
7 months ago
But what about D? Collectability is crucial.
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Maybelle
7 months ago
I agree, C seems off. Timing shouldn't be a strict rule.
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Marva
7 months ago
I think it's C. Timing is often flexible.
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Louvenia
7 months ago
Yup, A, B, and D are definitely required for revenue recognition!
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Daryl
7 months ago
Just to clarify, all the other criteria are essential, right?
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Laurel
8 months ago
Totally agree, that's the odd one out!
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Veda
8 months ago
Gotta be D, guys. Collectability? More like "never gonna collect it" amirite?
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Natalie
8 months ago
I'm going with B. Services rendered? Psh, that's for the weak. Real pros just collect the cash and run.
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An
8 months ago
D is the correct answer. Collectability being reasonably assured is the key criteria that's not met. Easy peasy!
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Bok
8 months ago
Ah, I see now. The criteria are persuasive evidence, services rendered, and collectability assured. C, timings have been met, is the one that is not part of the SAB 104 requirements. Glad I reviewed that closely.
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Serina
8 months ago
Hmm, I think the answer is C. Who cares about timing when you can just bend the rules, right?
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Denae
9 months ago
C) Timings have been met is the one not met.
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Pa
9 months ago
Wait, are we sure about that? Seems off to me.
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Reed
9 months ago
Haha, A is the way to go. Persuasive evidence? I can forge that in my sleep!
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Rosendo
9 months ago
I've got this! The answer is C. Timings have been met is not one of the criteria for revenue to be considered realized or realizable and earned under SAB 104.
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Lashaun
10 months ago
Okay, let me think this through. The key is to identify which of the given criteria is not part of the SAB 104 requirements. I'm leaning towards C, but I'll double-check my notes to be sure.
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Caitlin
10 months ago
Hmm, I think the answer is C. Timing is not one of the criteria for revenue recognition according to SAB 104.
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Franchesca
10 months ago
I'm not too sure about this one. I'll need to review the SAB 104 criteria carefully to figure out which one is not met.
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Cora
5 months ago
Good idea! Let's clarify this together.
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Nieves
5 months ago
Maybe we should look at the criteria again.
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Maile
6 months ago
I agree, but I'm not entirely sure.
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Virgie
9 months ago
I think it's C) Timings have been met.
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Glendora
10 months ago
I remember we talked about persuasive evidence and collectability a lot, but I can't recall if timing is as crucial. This is tricky!
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Marti
11 months ago
I’m a bit confused about the criteria. I thought all of them were important, but I guess one has to be less critical, right?
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Cherri
11 months ago
I feel like I've seen a question similar to this before, and I think it was about collectability being assured. So maybe it's D?
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Tresa
11 months ago
I think the answer might be C) Timings have been met, but I'm not entirely sure. I remember discussing timing in class.
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