Oracle Exam 1z0-1059 Topic 3 Question 6 Discussion

Actual exam question for Oracle's 1z0-1059 exam

Question #: 6
Topic #: 3

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

ARevenue and performance obligation liabilities are not dependent on billing.

BRevenue can be recognized for performance obligations only using the 'Point in Time' approach.

CPricing estimates cannot be used In the absence of pricing data.

DExpected consideration value is applicable to all industries.

Show Suggested Answer

Suggested Answer: C, D

by Sage at May 07, 2022, 02:12 PM

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