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ACFE CFE Exam - Topic 2 Question 24 Discussion

According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.
A) Revenue and corresponding expenses
B) Revenue and Income statement
C) Income statement and Long-term contracts
D) Capitalized expenses and Liabilities

ACFE CFE Exam - Topic 2 Question 24 Discussion

Actual exam question for ACFE's CFE exam
Question #: 24
Topic #: 2
[All CFE Questions]

According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

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Suggested Answer: A

by Nana at Sep 18, 2022, 03:03 AM

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Shaquana
10 months ago
Yup, matching principle is key for accurate reporting!
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Lilli
10 months ago
I thought it was more flexible than that.
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Virgie
10 months ago
Wait, is it really that strict?
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Ronnie
11 months ago
Totally agree, that's how it should be done!
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German
11 months ago
Revenue and corresponding expenses are definitely the right pair!
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Lawrence
11 months ago
I’m confused about the terms used here. I thought the matching principle was more about timing, but I can’t recall the exact pairs. I hope it’s not option B or C!
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Lucille
11 months ago
I practiced a question similar to this, and I think it was about matching revenues with expenses too. Option A seems right, but I’m a bit hesitant.
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Tomoko
11 months ago
I’m not entirely sure, but I remember something about how revenues and expenses need to be recorded in the same period. It feels like option A makes the most sense.
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Gracia
11 months ago
I think the matching principle is all about aligning revenues with the expenses that helped generate them, so I’m leaning towards option A.
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Bethanie
11 months ago
I'm confident the answer is B, the center-of-gravity method. This technique is specifically designed to optimize facility location based on the criteria given in the question.
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Flo
11 months ago
I'm leaning towards the Cisco 8540 controller since it's designed for larger enterprise networks. But I'll need to verify if it's overkill for a 150 AP deployment or if the 3504 would be a better fit.
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Shay
11 months ago
This looks like a straightforward question about risk analysis. I think the answer is A - Qualitative risk analysis, since that provides a quick and high-level review of each risk.
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Shanice
11 months ago
Okay, I've got this! The correct answer is C - /dna/intent/v1/issue-enrichment-details. This API request provides the detailed information we need to troubleshoot the network issue.
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