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ACFE CFE Exam - Topic 3 Question 26 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) Collectibility is reasonably assured

ACFE CFE Exam - Topic 3 Question 26 Discussion

Actual exam question for ACFE's CFE exam
Question #: 26
Topic #: 3
[All CFE 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 Mireya at Oct 28, 2022, 01:19 AM

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Danilo
7 months ago
Not sure about this one, feels like they all matter.
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Golda
7 months ago
Totally agree with A, persuasive evidence is crucial!
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Shawana
7 months ago
Wait, is that really a criterion? Sounds off.
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Tarra
8 months ago
I think it's C, timings are often tricky.
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Jaclyn
8 months ago
Collectibility is reasonably assured is key!
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Carey
8 months ago
I feel like persuasive evidence is crucial for revenue recognition, so I doubt it's the answer. Maybe it's D about collectibility?
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Margo
8 months ago
I’m leaning towards option C, but I’m not completely confident. I remember we talked about the importance of timing in class.
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Roxane
8 months ago
This question feels familiar! I think I've seen something similar where the timing criteria was discussed, but I can't recall if it's the right answer here.
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Elli
8 months ago
I think I remember that collectibility being reasonably assured is a key part of revenue recognition, but I'm not entirely sure if it's the one that doesn't fit here.
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Johnna
8 months ago
I think I can handle this one. The key is to use the Azure Cloud Shell and run the provided command. Shouldn't be too difficult.
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Sunshine
8 months ago
I'm a bit confused by this question. I know environmental factors are crucial for working at heights, but I'm not sure if the options provided are the right ones. I'll have to review my notes and make sure I understand the key considerations for this type of work.
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Lauran
8 months ago
This seems like a tricky question, but I think the key is to focus on how to enable cross-service inventory message exchanges without major changes. The options about combining the service inventories or replacing the authentication brokers don't seem to fit the requirement.
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Rebbeca
8 months ago
I remember we discussed that the picking process is related to customer orders being ready, so I think option A might be correct.
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Kallie
8 months ago
I'm a little confused by all the different laws and regulations mentioned in the question. I know Noah is worried about his credit report being mishandled, but I'm not sure which specific law would address that. I'll need to re-read the details carefully and think through the options before making a decision.
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