Question 1

You define a Performance Obligation Identification Rule that uses the following matching attribute to groupsource document lines:Extensible Line Character Attribute 7Based on the data displayed:How many performance obligations will be created In Revenue Management?

Options :

A : 6

B : 4

C : 5

D : 3

Answer: D

Question 2

A corporation uses a primary ledger with a currency of USD. The organization's data includes sourcedocument lines with amounts expressed in the Euro currency. However, Revenue Management calculatestransaction totals, allocations, and creates accounting in the ledger currency.What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

Options :

A : Create source document types specifically for Euro documents.

B : Populate exchange rates in Revenue Price Profile.

C : Populate Conversion Rate Type in System Options.

D : Create revenue prices in the Euro currency.

Answer: C

Question 3

The predefined Revenue Contract Account Activities report originally had only one output option ofspreadsheet.Which output option can you now also choose to assist In handling a large number of records?

Options :

A : HTML

B : PowerPoint

C : Flat File

D : PDF

Answer: C

Question 4

When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

Options :

A : when the Satisfaction Measurement Model is set to Amount

B : when the Satisfaction Measurement Model is set to Period

C : when the Satisfaction Measurement Model is set to Quantity

D : when the Satisfaction Measurement Model Is set to Percentage

Answer: B

Question 5

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

Options :

A : You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue

B : You value the accrual at estimated consideration and it is a monetary debt.

C : You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

D : You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

E : Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

Answer: A