Crossword Puzzle Revenue Recognition Policy

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Across
  1. 2. Risk of Loss: Do not offer to pay or compensate a customer for damages or losses incurred after legal risk of loss has ____ to the customer.
  2. 5. Executive Summary: The first principle of revenue recognition is that revenue must be realized or realizable, and the second principle is that revenue must be ____.
  3. 7. Revenue Recognition Criteria: The third criteria of revenue recognition is that the customer fee is ____ or determinable.
  4. 8. Modifications to Customer Purchase Orders: No modifications are allowed to customer PO's after ____ in order for revenue to be recognized.
  5. 12. Credit Terms - Payment Due Date: Revenue on orders with payment terms greater than ____ days from delivery will be deferred until cash receipt.
  6. 14. Collectibility: Sales and other personnel should notify the country controller ____ of any collection concerns.
  7. 15. Pricing: Variances from list price or contractual price require pre-approval of the ____ Committee.
  8. 16. Delivery Terms: Maxwell's standard delivery terms as defined in Incoterms 2010.
  9. 18. Side Agreements: Company personnel may not enter into side agreements, ____ or in writing, with customers that effectively amend any sales term of an order or contract with a customer without the completion of formal documentation, along with obtaining necessary approvals, to modify the terms of a sale.
Down
  1. 1. Third Party Warehouses: Do not ask a customer to ____ delivery of goods at a third party warehouse in order to achieve a sale.
  2. 3. Changes in Delivery Date: A customer's request to change a delivery date by more than fifteen calendar days, or to pull-in delivery to an ____ quarter, requires receipt of a revised PO prior to quarter end in order for revenue to be recognized.
  3. 4. Distributors: Sales personnel may not agree with a distributor to ____ the payment due date until sell-through to an end user.
  4. 6. Return Privileges: A sale does not meet the revenue recognition criteria of having a fixed or determinable sales price and reasonable assurance of collection if it is subject to ___ privileges.
  5. 9. Modifications to Delivery Terms: The delivery terms of an order must agree to ____ customer terms, unless pre-approved by the Worldwide Controller.
  6. 10. Contingencies: Revenue on orders that contain substantive contingencies will be ____ until these contingencies are resolved.
  7. 11. Order Documentation: Revenue cannot be recognized if the customer's purchase order is not ____ before quarter-end.
  8. 13. Order Definition and Terms Approval Process: For proposed deviations of order terms from established customer terms, approval should be requested through submission of an email to _______@Maxwell.com.
  9. 17. Collectibility: A sale does not meet the criteria for revenue recognition at the time of sale if it is not ____ that the sales price will be collected from the customer.