Obsolescence is the recognition that a product, or a part used in a product, will no longer be made available for sale and therefore, must be removed from active production and/or inventory.

Expenses for Demo and Returns - Obsolescence are recorded in:

Excess and Obsolete Inventory process has to be reviewed by:

Demonstration Products should be expensed to the responsible HP department that has approved the item to be designated as a demo unit if:

Topic 5006 defines:

Effective FY19, HP's Revenue Recognition is guided by:

HP’s revenue recognition policy requires the issuance of a trade invoice in order to recognize revenue for sale of hardware and supplies

HP’s revenue recognition policy requires the issuance of a trade invoice in order to recognize revenue for service arrangements

Standard data element for management geographic reporting

Project Simplify-Represent groupings of similar products or services that meet common customer needs or are based on a common technology

Examples of field entities

AFM Topic for Master Data

To record the legal only margin component associated with products valued at enterprise standard cost in ending inventory

Operating units that reflect HP's legal and tax organizational structure

To record sales of miscellaneous HP product-related items and services