Question 1

Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with somerequired data.Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required whenloading prices for items, memo lines and/or Item groups?

Options :

A : Reason

B : Pricing Dimension

C : Item Identifier

D : Performance Obligation Template

E : Tolerance ranges

F : SSP Type

Answer: A,B

Question 2

A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about thefree toaster is not captured in any upstream application.How should you handle this scenario In Revenue Management?

Options :

A : Ignore the performance obligation for the toaster because it was free of cost to the customer.

B : Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

C : Create the performance obligation for the toaster manually.

D : Define an adhoc rule in the Revenue Price Profile to include the toaster.

Answer: B

Question 3

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 4

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

Question 5

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

Options :

A : allocates the SSP to various satisfaction events

B : creates the accounting for the stages in the process

C : allocates the SSP to various performance obligations

D : recognizes revenue if any satisfaction events exist

E : creates customer contracts and performance obligations

Answer: B