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NEW QUESTION 51
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 less your right to invoice them for those goods and services once delivered
• B. your debt to customers for goods and services you are obliged to deliver to them by either party acting
• C. Unearned Revenue
• D. your invoiced goods and services less those goods and services that you have not yet delivered

Answer: B

NEW QUESTION 52
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

• A. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
• B. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
• C. Revenue Management can only integrate to Fusion Receivables.
• D. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

Answer: B,C

NEW QUESTION 53
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would
you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

• A. by setting SM to "Requires Complete" and SMM to "Percent"
• B. by setting SM to "Requires Complete" and SMM to "Period"
• C. by setting SM to "Allow Partial" and SMM to "Quantity"
• D. by setting SM to "Allow Partial" and SMM to "Period"
• E. by setting SM to "Requires Complete" and SMM to "Quantity"

Answer: B

NEW QUESTION 54
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