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C9020-971 IBM Enterprise Storage Technical advocate V4

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C9020-971 exam Dumps Source : IBM Enterprise Storage Technical advocate V4

Test Code : C9020-971
Test appellation : IBM Enterprise Storage Technical advocate V4
Vendor appellation : IBM
: 55 actual Questions

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IBM IBM Enterprise Storage Technical

IBM Storwize V5100 Brings NVMe into the Mid-range Market | killexams.com actual Questions and Pass4sure dumps

Apr 2, 2019

IBM has introduced enhancements and fresh aspects throughout its Storwize storage programs. according to Eric Herzog, VP, product advertising and management, IBM Storage programs, the techniques are designed to wield shoppers’ want for bigger ranges of performance, safety, flexibility, and functionality from their IT infrastructure, despite restrained IT budgets.

To wield these critical traffic challenges, he mentioned in a concurrent weblog post, IBM is asserting fresh Storwize V5000 household choices that complement the Storwize V7000 Gen3. the brand new Storwize V5010E and Storwize V5030E models give accelerated performance and commercial enterprise-classification functionality, availability and reliability in easy-to-buy, easy-to-use, and straightforward-to-manage entry storage programs.

The every flash Storwize V5100F and V5100 carry the performance advantages of conclusion-to-end NVMe (non-risky reminiscence categorical) into fresh methods, to mingle NVMe with the capabilities of IBM FlashCore expertise and the data features of IBM Spectrum Virtualize utility-defined storage to create an own with the ability, scalability and pace required to aid stressful AI and analytics purposes.

in accordance with IBM, as multi-cloud architectures is an increasingly regular deployment mannequin throughout traffic ecosystems, its Storwize family, FlashSystem 9100, SAN volume Controller, and VersaStack leverage the capabilities of IBM Spectrum Virtualize for Public Cloud to simplify the implementation of multi-cloud options, and now, IBM Spectrum Virtualize for Public Cloud may moreover live deployed on Amazon web capabilities (AWS) as well as on IBM Cloud.

Multi-cloud is an strategy being embraced by means of both great and tiny companies given that many deserve to withhold some statistics on-premise for elevated efficiency and safety, whereas on the very time touching different statistics out into the public cloud for improved can permeate effectivity and enterprise agility. IBM Spectrum Virtualize for Public Cloud could beget it less demanding to stagger information between on-premise and public cloud, enabling purchasers to multiply catastrophe restoration innovations the usage of cloud as a substitute of a 2d data center, supports cloud-based DevOps to raise expertise of the pliability and agility of cloud for construction, and helps aid cyber resiliency with cloud-based “air hole” snapshots to Amazon S3.

consult with the IBM web site for more information in regards to the Storwize V5010E and Storwize V5030E models.


IBM proclaims fresh Storwize V5000 family choices | killexams.com actual Questions and Pass4sure dumps

April 2nd, 2019 through Lyle Smith

IBM is announcing a variety of improvements, enhancements, and fresh facets to their storage portfolio, together with fresh Storwize V5000 family unit offerings that complement Storwize V7000 Gen3. IBM says their fresh Storwize V5010E and Storwize V5030E models vaunt expanded performance and enterprise-category performance, availability, and reliability in "easy to purchase, use, manage" entry storage techniques.

blanketed in the fresh line are the most economical All-flash Storwize V5100F and V5100 programs, which leverage end-to-end NVMe know-how. These fresh additions combine IBM FlashCore expertise with NVMe performance and the enterprise-category facts features of IBM Spectrum Virtualize software-defined storage. IBM believes this collaboration will create an own with the skill, scalability, and speed obligatory to exceed in disturbing AI and analytics purposes.  

The entire IBM Storwize household, FlashSystem 9100, SAN quantity Controller, and VersaStack use IBM Spectrum Virtualize for Public Cloud to simplify multi-cloud answer management. IBM has unveiled that Spectrum Virtualize for Public Cloud can moreover live now deployed on Amazon web functions and IBM Cloud, which is expected to raise the quantity of flexibility and alternatives for users. 

IBM Spectrum Virtualize for Public Cloud is designed to beget facts switch between on-premises and public cloud much more straightforward. As such, consumers can promote calamity recovery recommendations the usage of Cloud in site of a 2d information core, which may moreover live expensive and time-drinking. It additionally helps cloud-based DevOps for extra elastic and agile cloud development, whereas helping cyber resiliency with cloud-based “air gap” snapshots to Amazon S3. 

IBM additionally touched on Storage Insights. With this provider, IBM claims organizations will live capable of focus on growing fresh profits streams instead of on repetitive protection projects. Storage Insights does this by using offering device monitoring, evaluation, reporting, optimization, and streamlined aid for free of permeate to its shoppers.

Storwize V7000 Gen3

Storwize V5010E and Storwize V5030E

Storwize V5100F and V5100

Storwize storage methods

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Correlata solutions Completes setting up on IBM LinuxONE in North america | killexams.com actual Questions and Pass4sure dumps

Apr 03, 2019 (PRLog by route of COMTEX) -- long island - April three, 2019 - PRLog -- Correlata, a leading application company that makes a speciality of records core cognitive analytics and desktop researching, helping the commercial enterprise to bridge their company and IT objectives in a extra constructive approach, announced nowadays setting up completion on an IBM LinuxOne desktop in North the us.

Pablo Horenstein, Correlata solutions,  Product supervisor states: "Correlata's CorreAssess (TM) platform become tailored to evade on a Linux guest below Z/VM hypervisor the use of IBM IFL Processors. This installing is a massive extension of the insurance delivered by Correlata for Open programs, enabling Correlata to research the computing layers of IBM LinuxOne such as logical Partitions and Hypervisor constructions, besides the correlation with underlined infrastructure layers equivalent to switches/directors and storage arrays."

Horenstein continues, "Our strategic partnership with IBM created a unique offering available in the market, valued clientele that are using the IBM LinuxONE gadget which is the most cozy, scalable and efficient platform, may live in a position to Enjoy the replete coverage and advantages of Correlata's CorreAssess(TM) platform."

ABOUT CORRELATA:

founded with twin headquarters in long island and Israel, Correlata is offering world-type facts middle solutions, featuring vertical and horizontal visibility between administration and its facilitators. Correlata offers the first enterprise-IT collaboration own that puts IT operations in a highlight so companies can gain useful insights that fuel the corporation funding selections. Correlata partners with main Fortune 500 companies to comprehend IBM, and extends its cost to the GSA and the eu commission SME Instrument.

greater counsel will moreover live discovered at www.correlata.com and @Correlata_LinkedIn https://www.linkedin.com/enterprise/correlata/check out the video on YouTube https://youtu.be/zRUbP2vqH4E

Media ContactOfer Laksman***@correlata.com917-979-2334 #5

photographs: (click picture to amplify)

click to Contact


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IBM's fresh Storwize 5000 glisten Arrays Bring NVMe Performance To Wider Customer Set | killexams.com actual questions and Pass4sure dumps

IBM Tuesday expanded its Storwize storage system line with fresh versions of its Storwize 5000 family that bring high-performance NVMe storage to a wider gain of customers.

Big Blue moreover added advocate for Amazon Web Services' public cloud to its IBM Spectrum Virtualize for Public Cloud software for virtualizing IBM and non-IBM storage under a separate architecture, and introduced fresh container advocate for its storage technologies.  

The additions to the Storwize 5000 family will let channel partners better serve customers requiring higher- performance storage, said Eric Herzog, chief marketing officer and vice president of worldwide storage channels for IBM's Storage Division.

[Related: The 10 Coolest fresh Enterprise SSDs And glisten Storage Of 2018]  

"This completes the refresh of the Storwize product line," Herzog told CRN. "It started with the fresh Storwize V7000, and now we're refreshing the Storwize V5000 line with more software, more performance and more NVMe."

New to the Storwize V5000 family is the V5010E, which replaces IBM's existing V5010. The V5010E brings customers high-performance NVMe storage capabilities, with twice the maximum IOPs (I/Os per second) at a 30 percent lower cost point than the V5010, Herzog said. It allows capacity to scale to 12 petabytes, he said. It moreover scales to advocate up to 392 glisten drives.

Also fresh with the V5010E is the bundling at no permeate with IBM Spectrum Virtualize software. IBM Spectrum Virtualize can connect to 450-plus different non-IBM arrays to give them replete storage management capabilities including snapshots, encryption and storage virtualization.

In addition, IBM introduced the Storwize V5130E, which offers the very enhancements to the Storwize V5130 that the V5101E does to the V5010. It scales to up to 1,520 glisten drives.  

New to the family is the Storwize V5100/F, which offers the very capabilities as the other fresh members of the 5000 family and scales to up to 1,520 drives. IBM's FlashCore glisten storage modules are proprietary modules featuring both glisten storage capacity and hardware-accelerated I/O. The latest FlashCore modules are FIPS 140-2 certified for security requirements.

IBM has married two powerful technologies for partners with its Storwize 5000 line and IBM Spectrum Virtualize, said Bob Elliott, vice president of storage sales for Mainline Information Systems, a Tallahassee, Fla.-based solution provider and longtime IBM channel partner.

“The marriage of two really amenable things leads to a really Great thing," Elliott told CRN.

Elliott said he saw the force of combining the IBM V7000 line and then the V5000 line with IBM Spectrum Virtualize. "They’ve grown into a Great product," he said. "IBM Spectrum Virtualize provides a multifaceted storage virtualization platform. Now IBM is adding NVMe to provide the kindly of performance that clients would otherwise need to purchase much larger systems to get."

IBM Storwize with IBM Spectrum Virtualize is an incredibly scalable, high-performance family of products, Elliott said.  

"IBM's really done it birthright to stay with both sets of products," he said. "Add NVMe, and it enhances the capacity to evolve the product line and to raise it to the next flush of performance and flexibility."

IBM was among the first storage vendors to embrace NVMe across its entire product line, said Michael Adams, director of storage and professional services at Lighthouse Computer Services, a Lincoln, R.I.-based solution provider and IBM channel partner.  

That leadership is enhanced with IBM's introduction of NVMe FlashCore modules, Adams told CRN.

"The NVME FlashCore modules used to live in the highest-end glisten arrays," he said. "Now they're section of the V5000 family. This will allow more customers to carry out encryption and compression online with no performance hit even while increasing the capacity."

Adding the IBM Spectrum Virtualize software to the Storwize 5000 family is moreover a amenable stagger for IBM, Adams said.  

"With the software, I can aid customers virtualize their external arrays," he said. "Customers like that. I fill some customers with competing brands of storage but who want to add such services as encryption that those older arrays don't advocate natively."

IBM Tuesday moreover expanded its multi-cloud storage capabilities with the addition of AWS advocate to its Spectrum Virtualize for Public Cloud, Herzog said. Spectrum Virtualize for Public Cloud, which previously only supported the IBM Cloud, provides a virtual substantiation of IBM Spectrum Virtualize on either public cloud, he said.

Also fresh with Spectrum Virtualize for Public Cloud is "air gapping," which allows a snapshot of data to live isolated from the production environment so that if there is a malware beset it does not repercussion the most recent secondary copy of the data, Herzog said.  

IBM plans to interpose advocate for the Container Storage Interface, or CSI, in the second quarter, Herzog said.

IBM has been supporting obstruct data and file data in containers through such platforms as VMware and Microsoft Hyper-V, he said. But the Container Storage Interface is an industrywide yardstick software interface defined by container vendors that allows storage managers to note the storage in containers and what that storage is doing. "Now the vendors can note the storage in any containers to manage it properly," he said.

IBM's storage platform was built to easily raise on fresh enhancements like CSI, Elliott said.

"It's smart enough to raise on fresh capabilities," he said. "It's like building a house and adding cable before the cable TV is connected. You may not know what's coming in the future, but the platform is elastic enough to wield it."


Is Kubernetes The Next broad Enterprise App Platform? That Depends On How Many Apps Can evade On It | killexams.com actual questions and Pass4sure dumps

There was an interesting conversation recently between Ginni Rometty, CEO of IBM, and Jim Whitehurst, CEO of Red Hat, which IBM recently made a $34 billion bid to acquire. Given Red Hat’s history selling Linux and its recent successful foray into cloud-native applications with OpenShift, it was not surprising to hear Whitehurst instruct the following:

"Whether it's Linux, containers or Kubernetes (k8s) ... that's where the vast majority of innovation is happening. That's what autonomous driving is going to live built on. That's what almost any net fresh application will live built on. You need to fill a robust, high-performing, but moreover relatively self-managing, self-healing infrastructure at the edge. That's what Linux, containers or k8s can give you."

It's not surprising to note Red Hat, a focused vendor of modern data focus software tools, pitch containers or Kubernetes. What is surprising is that the CEO of IBM, a broad-based technology company, should reinforce that containers are key to modern enterprise IT and essential to touching the needle on IBM’s massive $75 billion in revenue.

"You fill to raise mission-critical processes and applications and reserve them in a container in a k8s, micro-services world," Rometty said in response to Whitehurst. "That is what is coming ahead of us."

I’ve been arguing in my column here recently that Kubernetes is the next broad enterprise platform. The understanding is that enterprises are under tremendous pressure to multiply agility as they kisser competitive pressures. Kubernetes, along with corresponding cloud-native practices like micro-services, DevOps, and continuous integration and development, has emerged as a platform that enables teams to build apps more quickly and evade them at scale, empowering developers.

For instance, the lead application architect for T-Mobile was recently asked what was different about how T-Mobile built and ran applications on Kubernetes versus before. His own was enlightening: “What drove us to containers in the first site was simply that in order to acquire code from the progress environment into production took up to six months and 72 steps," he said. "[Now] we’ve had customers that can gain out to us, give us their requirements [and] they onboard them that very day. They can thrust an application to production that very day.”

So the power of Kubernetes to streamline progress and operations is compelling. But carry out Kubernetes' agility benefits extend across enough applications to beget an repercussion on the organization overall?

Put another way, a typical enterprise might fill 10,000 applications powering its various lines of business. Does Kubernetes allow an organization to multiply the agility of a sufficient proportion of those apps to beget a dent that is noticeable at the board or shareholder level? This is what Rometty needs to fill happen if her company's $34 billion stake is to pay off.

Unfortunately, I believe the own is no if Kubernetes can’t stagger beyond applications at the periphery of an organization to the core. This is exactly where I feel Kubernetes is today: on the cusp of greatness, as Rometty hopes, but not quite there yet because it lonesome does not unravel the non-negotiable, difficult traffic requirements that near with most enterprise applications.

While it's steady that Kubernetes usage is growing rapidly, the applications are typically web-style applications (websites, mobile apps) or relatively simple line-of-business applications. And these apps beget up a tiny portion of the overall enterprise portfolio, and they don’t tend to fill tangled traffic requirements such as strict data security, SLAs, calamity recovery, compliance and governance, and so on.

What this means is that the apps being containerized today are simpler, thus the gains from improving their agility are smaller, and the money to live made supporting them by companies like IBM is limited.

If Kubernetes is only used for less tangled applications, it will exist only as a niche platform. The history of application platforms bears this out. Microsoft won the PC wars in section because of its stalwart distribution arrangements, its enterprise support, and by having more third-party apps than Apple. Linux, AWS, Salesforce and VMware are every examples of successful platforms that gained similar widespread adoption through their stalwart ecosystems, add-on solutions and capacity to Go beyond simple applications.

Kubernetes is well-positioned to live the enterprise application platform of the next decade and fulfill Rometty's prediction, but only if enterprises can easily evade mission-critical applications on the platform with the strict, non-negotiable traffic requirements I described above. Enterprises will need to add solutions targeted at these problems to the core Kubernetes platform to acquire the replete value of containerization.


10-K: DATA STORAGE CORP | killexams.com actual questions and Pass4sure dumps

(EDGAR Online via COMTEX) -- item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF fiscal CONDITION AND RESULTS OF OPERATION

COMPANY OVERVIEW

Data Storage Corporation ("DSC" or the "Company") provides subscription based, long term agreements for calamity recovery solutions, Infrastructure as a Service (IaaS) and VoIP and carrier type solutions. Over 35% of their revenue is derived from equipment sales for cyber security, storage, IBM Power i systems and managed service solutions.

Our mission is to protect their client's data, ensuring traffic continuity, assisting in their compliance requirements and providing better control over their digital information. The Company's October 2016 acquisition of the assets of ABC Services, Inc. and ABC Services II, Inc. (collectively, "ABC") and its acquisition of the remaining 50% of the assets of Secure Infrastructure and Services LLC supports the Company's acquisition strategy. These acquisitions accelerated their strategy into cloud based managed services, expanded cyber security solutions and their hybrid cloud solutions with the capacity to provide equipment and expanded technical support.

The Company provides its solutions through its traffic progress team and contracted distribution channels. DSC owns intellectual property with their proprietary email archival and data analytics software, Message Logic. DSC is marketing Message Logic on the DSC website. DSC's contracted, approved distributors fill the capacity to provide Recovery and Hybrid Cloud solutions, IBM and Intel IaaS cloud-based solutions without the distributor investing in infrastructure, data centers and telecommunications services as well as specialized technical staff whereby lowering their barrier of entry for them to provide these solutions to their client base.

DSC is an 18-year veteran in cloud storage and cloud computing providing calamity recovery, traffic continuity and compliance solutions that assist organizations in protecting their data, minimizing downtime while ensuring regulatory compliance. Serving the traffic continuity market, DSC's clients reclaim time and money, gain more control and better access to data and enable a tall flush of security for their data. Solutions include: Infrastructure as a Service specializing in IBM Power; data backup recovery and restore, tall availability data replication; email archival and compliance; and eDiscovery; continuous data protection; data de- duplication; and, virtualized system recovery. DSC has forged significant relationships with leading organizations creating valuable partnerships.

Our IBM Power and Intel IaaS Cloud ensures enterprise flush equipment and support, focusing on iSeries, AIX, Power, AS400 and their high-processing power for Intel. Their calamity Recovery services for both Intel and IBM has a guaranteed back-to-work window. DSC is a one-stop source for managed services from VoIP to providing the client with equipment and software, monitoring, aid desk and a replete array of traffic continuity solutions.

The Company provides its solutions through its traffic progress team and contracted distribution channels. DSC owns intellectual property in connection with their proprietary email archival and data analytics software, Message Logic. DSC is marketing Message Logic on the DSC website. DSC's contracted approved distributors fill the capacity to provide their Recovery and IaaS solutions without capital investment thereby lowering their barrier of entry in providing these cloud solutions to their client base.

Headquartered in Melville, NY with additional offices in Warwick, RI, DSC offers solutions and services to businesses within the healthcare, banking and finance, distribution services, manufacturing, construction, education, and government industries.

DSC derives its revenues from subscription services and solutions, managed services, software and maintenance, equipment and onboarding provisioning. DSC maintains infrastructure and storage equipment in several technical centers in fresh York, Massachusetts and North Carolina.

DSC services clients from its staffed technical offices in fresh York and Rhode Island, which consist of modern offices and a technology suite adapted to meet the needs of a technology-based business.

DSC varies its use of resources, technology and labor processes to meet the changing opportunities and challenges presented by the market and the internal customer requirements. The Company supports clients twenty-four hours a day, 365 days a year.

RESULTS OF OPERATIONS

Year ended December 31, 2018 as compared to December 31, 2017

Net Sales. Net sales for the year ended December 31, 2018 were $8,887,402 an multiply of $630,484 or 7.6%, compared to $8,256,918 for the year ended December 31, 2017. The multiply is attributable to the multiply in equipment and software sales.

Cost of Sales. For the year ended December 31, 2018, cost of sales was $5,427,990 an multiply of $517,659 or 10.5% from $4,910,331 for the year ended December 31, 2017. The multiply in cost of sales is a result of an multiply in equipment and software sold. The Company's low margin is 39% for the year ended December 31, 2018 as compared to 41% for the year ended December 31, 2017.

Operating Expenses. For the year ended December 31, 2018, operating expenses were $3,124,052 a diminish of $307,292 as compared to $3,431,344 for the year ended December 31, 2017. The net diminish is a result a diminish in staffing salaries, professional fees, travel, commissions, status filing fees and the recovery of deplorable debt. Salaries decreased by $204,654 to $800,424 for the year ended December 31, 2018 as compared to $1,005,079 for the year ended December 31, 2017. Officer's Salaries decreased $283,704 to $251,446 for the year ended December 31, 2018 as compared to $535,150 for the year ended December 31, 2017. Professional fees decreased $32,506 to $460,186 for the year ended December 31, 2018 as compared to $492,692 for the year ended December 31, 2017. Commissions increased $334,375 to $702,361 for the year ended December 31, 2018 as compared to $367,985 for the year ended December 31, 2017 due to a reclassification between professional fees and commissions. Travel decreased $54,228 to $58,892 for the year ended December 31, 2018 as compared to $113,120 for the year ended December 31, 2017. status filing fees decreased $6,794 to $6,408 for the year ended December 31, 2018 as compared to $13,202 for the year ended December 31, 2017 due to a reclassification between status filings and professional fees. The recovery of deplorable debt in 2018 was $60,716

Other Income (Expense) Interest expense for the year ended December 31, 2018 decreased $8,118 to $98,788 from $106,906 as compared to the year ended December 31, 2017. Other income decreased $3,071 to $99 in 2018 from $3,170 in 2017.

Net Income (Loss). Net Income (Loss) for the year ended December 31, 2018 was $236,671 an multiply of $425,164 as compared to net loss of $(188,493) for the year ended December 31, 2017. DSC's profit was primarily a result of an multiply in sales and expense reductions in operating expenses.

LIQUIDITY AND CAPITAL RESOURCES

The consolidated fiscal statements fill been prepared using generally accepted accounting principles in the United States of America ("GAAP") applicable for a going concern, which assumes that DSC will realize its assets and discharge its liabilities in the ordinary course of business. In 2019, they intend to continue to labor to multiply their presence in the cloud and traffic continuity marketplace specializing in IBM Power i and calamity recovery / traffic continuity marketplace utilizing their technical expertise, software and their capacity in their data centers.

To the extent they are successful in growing their business, identifying potential acquisition targets and negotiating the terms of such acquisition, and the purchase cost includes a cash component, they plot to use their working capital and the proceeds of any financing to finance such acquisition costs. Their conviction concerning their liquidity is based on current information. If this information proves to live inaccurate, or if circumstances change, they may not live able to meet their liquidity needs, which will require a renegotiation of related party capital equipment leases and / or major shareholders, such as senior management, entering into financing or stock purchase arrangements.

During the year ended December 31, 2018, DSC's cash increased $123,651 to $228,790 from $105,139 December 31, 2017. Net cash of $541,305 was provided by DSC's operating activities resulting primarily from depreciation expense of $602,532. Net cash of ($347,871) was used in financing activities resulting from payments on capital lease obligations.

DSC's working capital deficit was $2,202,230 at December 31, 2018, decreasing $749,158 from $2,951,388 at December 31, 2017. The diminish is primarily attributable to a reduction of related party notes and leases of $335,895 and recognition of deferred income of $131,325 and an multiply in cash and accounts receivable totaling $248,503.

Share Based Compensation

DSC follows the requirements of FASB ASC 718-10-10, share Based Payments with regards to stock-based compensation issued to employees. DSC has agreements and arrangements that convoke for stock to live awarded to the employees and consultants at various times as compensation and periodic bonuses. The expense for this stock-based compensation is equal to the honest value of the stock cost on the day the stock was awarded multiplied by the number of shares awarded.

The valuation methodology used to determine the honest value of the options issued during the year was the Black-Scholes option-pricing model. The Black-Scholes model requires the use of a number of assumptions including volatility of the stock price, the average risk- free interest rate, and the weighted average expected life of the options. The risk-free interest rate assumption is based upon observed interest rates on zero coupon U.S. Treasury bonds whose maturity epoch is preempt for the term of the warrants and is calculated by using the average daily historical stock prices through the day preceding the grant date.

Estimated volatility is a measure of the amount by which DSC's stock cost is expected to fluctuate each year during the expected life of the award. DSC's estimated volatility is an average of the historical volatility of peer entities whose stock prices were publicly available. DSC's calculation of estimated volatility is based on historical stock prices of these peer entities over a epoch equal to the expected life of the awards. DSC uses the historical volatility of peer entities due to the want of sufficient historical data of its stock price.

Off-Balance Sheet Arrangements

DSC does not fill any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, moreover known as "special purpose entities" ("SPE" s).

CRITICAL ACCOUNTING POLICIES

DSC's fiscal statements and related public fiscal information are based on the application of GAAP. GAAP requires the use of estimates; assumptions, judgments and subjective interpretations of accounting principles that fill an repercussion on the assets, liabilities, revenue, and expense amounts reported. These estimates can moreover move supplemental information contained in their external disclosures including information regarding contingencies, risk and fiscal condition. They believe their use of estimates and underlying accounting assumptions adhere to GAAP and are consistently applied. They ground their estimates on historical undergo and on various other assumptions that they believe to live reasonable under the circumstances. Actual results may vary materially from these estimates under different assumptions or conditions. They continue to monitor significant estimates made during the preparation of their fiscal statements.

Our significant accounting policies are summarized in Note 2 of their fiscal statements. While every these significant accounting policies repercussion their fiscal condition and results of operations, they view unavoidable of these policies as critical. Policies determined to live critical are those policies that fill the most significant repercussion on their fiscal statements and require management to use a greater degree of judgment and estimates. Actual results may vary from those estimates. Their management believes that given current facts and circumstances, it is unlikely that applying any other reasonable judgments or assay methodologies would cause upshot on their consolidated results of operations, fiscal position or liquidity for the periods presented in this report.

RECENTLY ISSUED AND NEWLY ADOPTED ACCOUNTING PRONOUNCEMENTS

In May 2014, the fiscal Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenue from Contracts with Customers" ("ASU 2014-09"), which supersedes nearly every existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to live entitled for those goods or services. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, more judgment and estimates may live required within the revenue recognition process than are required under existing U.S. GAAP. In addition, this guidance requires fresh or expanded disclosures related to the judgments made by companies when following this framework and additional quantitative disclosures regarding compress balances and remaining performance obligations. ASU 2014-09 may live applied using either a replete retrospective approach, under which every years included in the fiscal statements will live presented under the revised guidance, or a modified retrospective approach, under which fiscal statements will live prepared under the revised guidance for the year of adoption, but not for prior years. Under the latter method, entities will recognize a cumulative catch-up adjustment to the opening poise of retained earnings at the effectual date for contracts that noiseless require performance by the entity.

ASU 2014-09 is effectual for annual reporting periods soar after December 15, 2017, including interim periods within those annual reporting periods. The Company developed an implementation plot to adopt this fresh guidance, which included an assessment of the repercussion of the fresh guidance on their fiscal position and results of operations. The Company has substantially completed its assessment and has determined that this yardstick will fill no repercussion on its fiscal position or results of operations, except enhanced disclosure regarding revenue recognition, including disclosures of revenue streams, performance obligations, variable consideration and the related judgments and estimates necessary to apply the fresh standard. On January 1, 2018, the Company adopted the fresh accounting yardstick ASC 606, Revenue from Contracts with Customers and for every open contracts and related amendments as of January 1, 2018 using the modified retrospective method. Results for reporting periods soar after January 1, 2018 will live presented under ASC 606, while the comparative information will not live restated and will continue to live reported under the accounting standards in upshot for those periods.

In January 2016, the FASB issued ASU 2016-01, fiscal Instruments - Overall:

In February 2016, the FASB issued ASU 2016-02, Leases, ("ASC 842"), which supersedes FASB ASC 840, Leases and provides principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors. The fresh yardstick requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effectual interest manner or on a straight-line basis over the term of the lease. A lessee is moreover required to record a right-of-use ("ROU") asset and a lease liability for every leases with a term of greater than twelve months regardless of classification. Leases with a term of twelve months or less will live accounted for similar to existing guidance for operating leases. The yardstick is effectual for annual and interim periods soar after December 15, 2018, with early adoption permitted upon issuance. The Company is currently evaluating the manner of adoption and the repercussion of adopting ASU 2016-02 on its results of operations, cash flows and fiscal position. The Company does not await a significant change in its leasing activities between now and adoption. On adoption, the Company currently expects to recognize operating lease liabilities of approximately $319,236 with corresponding ROU assets of the very amount based on the present value of the remaining rental payments of their office locations.

In October 2016, the FASB issued ASU 2016-16, Income Taxes ("ASC 740"):

In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows ("ASC 230"), requiring that the statement of cash flows interpret the change in the total cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. This guidance is effectual for fiscal years, and interim reporting periods therein, soar after December 15, 2017 with early adoption permitted. The provisions of this guidance are to live applied using a retrospective approach which requires application of the guidance for every periods presented. The adoption of ASU 2016-18 did not fill a material repercussion on the consolidated fiscal statements.

In January 2017, the FASB issued ASU No 2017-04 Intangibles-Goodwill and Other ("ASC 350"): Simplifying the Accounting for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. In computing the implied honest value of goodwill under Step 2, an entity had to accomplish procedures to determine the honest value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities) following the procedure that would live required in determining the honest value of assets acquired and liabilities assumed in a traffic combination. Instead, under ASU 2017-04, an entity should accomplish its annual or interim goodwill impairment test by comparing the honest value of a reporting unit with its carrying amount. An entity should recognize an impairment permeate for the amount by which the carrying amount exceeds the reporting unit's honest value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity should reckon income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. ASU 2017-04 is effectual for annual or any interim goodwill impairment tests for fiscal years soar after December 15, 2019 and an entity should apply the amendments of ASU 2017-04 on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is currently evaluating the effects of ASU 2017-04 on its audited consolidated fiscal statements.

In July 2017, the FASB issued ASU 2017-11, Earnings Per share ("ASC 260"), Distinguishing Liabilities from Equity ("ASC 480"), and Derivatives and Hedging ("ASC 815"). ASU 2017-11 is intended to simplify the accounting for fiscal instruments with characteristics of liabilities and equity. Among the issues addressed are: (i) determining whether an instrument (or embedded feature) is indexed to an entity's own stock; (ii) distinguishing liabilities from equity for mandatorily redeemable fiscal instruments of unavoidable nonpublic entities; and (iii) identifying mandatorily redeemable non-controlling interests. ASU 2017-11 is effectual for the Company on January 1, 2019. The Company is currently evaluating the potential repercussion of ASU 2017-11 on the Company's consolidated fiscal statements.

OFF-BALANCE SHEET TRANSACTIONS

DSC has no off-balance sheet arrangements.

Apr 01, 2019

(c) 1995-2019 Cybernet Data Systems, Inc. every Rights Reserved



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