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ACFE CFE Exam - Topic 2 Question 24 Discussion

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

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.

Suggested Answer: A

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13 comments · newest first
SH
Shaquana 12 months ago
Yup, matching principle is key for accurate reporting!
LI
Lilli 12 months ago
I thought it was more flexible than that.
VI
Virgie 12 months ago
Wait, is it really that strict?
RO
Ronnie 1 year ago
Totally agree, that's how it should be done!
GE
German 1 year ago
Revenue and corresponding expenses are definitely the right pair!
LA
Lawrence 1 year 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!
LU
Lucille 1 year 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.
TO
Tomoko 1 year 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.
GR
Gracia 1 year 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.
BE
Bethanie 1 year 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.
FL
Flo 1 year 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.
SH
Shay 1 year 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.
SH
Shanice 1 year 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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