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.Expected consideration value is applicable to all industries.
• C.Revenue can be recognized for performance obligations only using the "Point in Time" approach.
• D.Pricing estimates cannot be used In the absence of pricing data.

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Which statement Is True regarding the Customer Contract Source Data Import Template?

• A.It is a predefined Java FBDI template.
• B.It is a predefined Excel FBDI template.
• C.It is a custom template that you are required to build.
• D.It Is a predefined HTML FBDI template.

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Which method is used to allocate total transaction price across performance obligations in Revenue Management?

• A.Residual Allocation Method
• B.Two Step Allocation Method
• C.Alternative Allocation Method
• D.Relative Allocation Method
• E.Inverted Allocation Method

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

• A.when the Satisfaction Measurement Model is set to Period
• B.when the Satisfaction Measurement Model is set to Quantity
• C.when the Satisfaction Measurement Model Is set to Percentage
• D.when the Satisfaction Measurement Model is set to Amount

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Which is Not a required piece of information when importing contract header information from a source file?

• A.Date of source Document
• B.Currency code of source document
• C.Source System
• D.Source Document Unique Identifier Number 1
• E.Record Type
• F.Source Document Type code

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