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NEW QUESTION 35
What does a Variable Consideration require?

  • A. an estimate of the consideration be made at inception only
  • B. a disclosure be made to the shareholders
  • C. that the consideration be monetary
  • D. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized

Answer: A

Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)

 

NEW QUESTION 36
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 on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
  • B. 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
  • C. By defining an exclusion rule to exclude customer classes that are "Retail"
  • D. By defining an item group and assigning that to the rule
  • E. By defining a grouping rule on the customer class

Answer: A

 

NEW QUESTION 37
The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?

  • A. Sales order header level data.
  • B. Sales order line level data.
  • C. Performance obligation satisfaction event details.
  • D. Sub contract level details.

Answer: C

 

NEW QUESTION 38
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