1Z0-1059-20 무료 덤프문제 온라인 액세스

Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

• A.Partial Schedule
• B.Fixed Schedule
• C.Variable Schedule
• D.Daily Revenue Rate, All Periods
• E.Daily Revenue Rate
• F.Daily Revenue Rate, Partial Periods

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)

• A.Time-based contingencies must not expire before the contingency can be removed and revenue recognized
• B.Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
• C.Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
• D.Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
• E.Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

You define a Contract Identification Rule that uses the following source document attributes to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:

How many contracts will be created In Revenue Management?

• A.4
• B.0
• C.5
• D.3
• E.1

What is a contract modification?

• A.an increase or decrease in expected collectability
• B.a change to the contract caused by negotiation with the customer
• C.a revision or correction to the estimate of variable consideration made at inception
• D.a change (modification) to the contract data

What does a Variable Consideration require?

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