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NEW QUESTION 24
Which configuration component is Source Document Type NOT connected to?

A. Contract Identification RulesB. Revenue Management System OptionsC. Performance Obligation Identification RulesD. Revenue Price ProfileE. Performance Obligation Template

Answer: D

 

NEW QUESTION 25
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

A. Pricing estimates cannot be used In the absence of pricing data.B. Revenue and performance obligation liabilities are not dependent on billing.C. Expected consideration value is applicable to all industries.D. Revenue can be recognized for performance obligations only using the "Point in Time" approach.

Answer: A,C

 

NEW QUESTION 26
Which is the following is NOT a feature of personalization

A. Changing text fontB. Saving searchesC. Configuring table columnsD. Selecting default language

Answer: A

 

NEW QUESTION 27
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