A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:
Which Price Band Segment Label would be appropriate to use in this case?
A. Amount Band
B. Deal Size Band
C. Set Band
D. Quantity Band
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?
A. The total Transaction Price is over the user-defined threshold amount.
B. The contract is missing standalone selling prices at the promised detail level or at obligation level.
C. The contract is missing satisfaction events.
D. The contract is missing Billing data.
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?
A. when the Deferred Revenue box is checked
B. when it is a business requirement
C. when Context Values are populated
D. when the Type is Fixed or Variable
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
A. Revenue and performance obligation liabilities are not dependent on billing.
B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
C. Pricing estimates cannot be used In the absence of pricing data.
D. Expected consideration value is applicable to all industries.
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
A. when a pricing dimension structure is enabled for pricing bands
B. when a source document type is enabled to use pricing bands
C. when a pricing dimension structure Instance Is enabled for pricing bands
D. when a value set segment label of Set Band is used
How many tabs does the Customer Contract Source Data Import Template have?
A. four tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively
B. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
C. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
D. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:
A. 3
B. 4
C. 2
D. 1
65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
A. By defining a grouping rule on the customer class
B. By defining an exclusion rule to exclude customer classes that are "Retail"
C. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
D. By defining an item group and assigning that to the rule
E. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
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
Which three attributes are helpful in defining a Contract Identification Rule?
A. Product Description
B. Quote Number
C. Delivery Address
D. Bill To Customer
E. Ledger
F. Business Unit
