1Z1-1018 무료 덤프문제 온라인 액세스

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

• A.You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
• B.You value the accrual at estimated consideration and it is a monetary debt.
• C.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.
• 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.

Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

• A.your debt to customers for goods and services you are obliged to deliver to them by either party acting
• B.your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
• C.Unearned Revenue
• D.your invoiced goods and services less those goods and services that you have not yet delivered

Given your organization's Interactions with one of Its customers:
* A consultant is deployed to assist customer on 10-Sep-2017.
* A Sales order is booked on 14-Sep-2017.
* The Product is shipped on 15-Sep-2017.
* An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

• A.when the sales order Is booked on 14-Sep-2017
• B.when the consultant is deployed to assist customer on 10-Sep-2017
• C.when an invoice is issued on 20-Sep-2017
• D.when the product is shipped on 15-Sep-2017

Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

• A.Standalone Selling Prices Allocated
• B.Performance Obligation Satisfied
• C.Performance Obligation Billed
• D.Initial Performance
• E.Revenue Recognized

A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?

• A.Table
• B.Dependent
• C.Format Only
• D.Subset
• E.Independent