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NEW QUESTION: 1
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two.)
A. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet.
B. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
C. Time-based contingencies must not expire before the contingency can be removed and revenue recognized.
D. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
E. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
Answer: D,E
Explanation:
Explanation/Reference:
Explanation:
The extent of the revenue deferral, and the subsequent timing of revenue recognition, depends on the nature of the contingency:
Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed, and the order can be imported into Receivables for invoicing.
Incorrect Answers:
A: Time-based contingencies must expire before the contingency can be removed and revenue recognized.
B: Payment-based contingencies require payment before the contingency can be removed and revenue recognized.
References: https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIRP/ FAIRP1476595.htm#FAIRP605453

NEW QUESTION: 2
Enterprise SOA data modeling requires a structure whereby enterprise and project-level modeling activities can be done in an organized manner. Which four of the following will be captured in such a data hierarchy model?
A. Data operations and methods
B. Semantic Communities
C. Authorities
D. Data Sources
E. Data transformations
F. Key entities
Answer: B,C,D,E

NEW QUESTION: 3
A potential EMC customer is currently using IBM TSM for database backups to tape. They would like to continue using IBM TSM, eliminate tape operations and reduce backup windows. Which EMC product should be positioned to meet the customer's requirement?
A. Networker
B. SourceOne
C. Data Domain
D. Avamar
Answer: C

NEW QUESTION: 4
Which of the following best describes Maslow's theory of motivation?
A. None of the choices are correct
B. People are motivated by five basic, hierarchal needs
C. People are motivated by achievement, power and affiliation
D. People are motivated by hygiene factors
E. People are motivated by expectation of positive outcomes
Answer: B