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NEW QUESTION # 79
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
Answer: A
NEW QUESTION # 80
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?
Answer: A
NEW QUESTION # 81
Why Is Satisfaction Method a key element of a Performance Obligation?
Answer: C
NEW QUESTION # 82
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
Answer: B,C
NEW QUESTION # 83
What does a Variable Consideration require?
Answer: D
Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION # 84
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