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NEW QUESTION: 1
Cloud Kicks acquired a shoe distribution partner. The Marketing and Sales Directors want to migrate the existing sales and marketing data into Cloud Kicks' Salesforce instance.
Which three aspects should the Consultant consider before proceeding with the data migration?
Choose 3 answers
A. Volume of customer, partner, and prospect data from existing system
B. Total number of records being imported compared to the Salesforce edition
C. Classic feature that have been improved by Lightning Experience
D. Criteria to apply to records that should be archived before migration
E. Number of marketing campaign licenses required for the migration
NEW QUESTION: 2
What are the Statements of Financial Accounting Concepts intended to establish?
A. The objectives and concepts for use in developing standards of financial accounting and reporting.
B. Generally accepted accounting principles in financial reporting by business enterprises.
C. The meaning of "Present fairly in accordance with generally accepted accounting principles."
D. The hierarchy of sources of generally accepted accounting principles.
Choice "c" is correct. Statements of Financial Accounting Concepts are intended to establish the
objectives and concepts that the Financial Accounting Standards Board will use in developing standards
of financial accounting and reporting. SFAC 1 para. 3 Choice "a" is incorrect. The Statements of Financial
Accounting Concepts do not specify financial accounting standards prescribing accounting procedures or
practices. SFAC 1 para. 3 Choice "b" is incorrect. Auditing standards develop the meaning of "Present
fairly in accordance with generally accepted accounting principles." Choice "d" is incorrect. The hierarchy
of sources of generally accepted accounting principles is determined by GAAP.
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