C_HYBIL_2017 · Question #28
Revenue Accounting manages the fulfillment statuses of performance obligations on its owi When a performance obligation qualifies as fulfilled, it is tracked as fulfilled in Revenue Accounting. The…
The correct answer is A. On the occurrence of a certain event B. Over a period of time C. Over a period of time that starts with an event. See the full explanation below for the reasoning.
Question
Revenue Accounting manages the fulfillment statuses of performance obligations on its owi When a performance obligation qualifies as fulfilled, it is tracked as fulfilled in Revenue Accounting. The corresponding revenues and costs are then recognized in a revenue posting job, typically performed at the closing of an accounting period. Therefore, the data tracked in Revenue Accounting may be inconsistent with the general ledger until a revenue posting job is performed. Revenue Accounting supports various calculations of performance obligation fulfillment. For example, performance obligations can be fulfilled in the following ways:
Note: There are 3 correct answers to this question.
Options
- AOn the occurrence of a certain event
- BOver a period of time
- COver a period of time that starts with an event
- DAutomatically managed
How the community answered
(20 responses)- A80% (16)
- D20% (4)
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