Question 1

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

Options :

A : Inverted Allocation Method

B : Residual Allocation Method

C : Relative Allocation Method

D : Two Step Allocation Method

E : Alternative Allocation Method

Answer: D

Question 2

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance. Which two attributes on the structure instance are inherited from the structure definition?

Options :

A : Wether Dynamic Combination Creation Allowed is enabled

B : The value sets

C : The Query Required option

D : The Displayed option

E : The shape: Same nunmber of segments and order

Answer: A,B

Question 3

In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

Options :

A : It tracks the difference in a Discount Allocation Account at the contract line level.

B : It tracks the difference in a Write-off Allocation Account at the contract level.

C : It tracks the difference In a Discount Allocation Account at the contract level.

D : It Tracks the difference in a Write-Off Allocation Account at the contract line level.

Answer: A

Question 4

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

Options :

A : 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

B : You value the accrual at estimated consideration and it is a monetary debt.

C : You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

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.

Answer: A

Question 5

What does a Variable Consideration require?

Options :

A : an estimate of the consideration be made at inception only

B : that the consideration be monetary

C : an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized

D : a disclosure be made to the shareholders

Answer: A

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