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NEW QUESTION 24
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

  • A. allow partial
  • B. require complete
  • C. require partial
  • D. allow complete

Answer: A,B

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853

 

NEW QUESTION 25
Which is NOT a Price Band Type?

  • A. Set Band
  • B. Percentage Band
  • C. Amount Band
  • D. Quantity Band

Answer: B

 

NEW QUESTION 26
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 "Allow Partial" and SMM to "Quantity"
  • C. by setting SM to "Allow Partial" and SMM to "Period"
  • D. by setting SM to "Requires Complete" and SMM to "Period"
  • E. by setting SM to "Requires Complete" and SMM to "Quantity"

Answer: D

 

NEW QUESTION 27
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?

  • A. The contract is missing Billing data.
  • B. The contract is missing standalone selling prices at the promised detail level or at obligation level.
  • C. The contract is missing satisfaction events.
  • D. The total Transaction Price is over the user-defined threshold amount.

Answer: D

Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.

 

NEW QUESTION 28
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