which are ARM-specific transactions and records? select all that apply.

a) Revenue Arrangement

b) Revenue Recognition Rules

c) Revenue Recognition Plans

d) Revenue Schedules

e) Fair Value Price Lists

f) Amortization Schedules

g) Journal Entry

once a source transaction is approved, what are the first three components of rev rec that will be
created? select all that apply.

a) Revenue element

b) revenue arrangement

c) rev rec journal entry

d) forecast revenue plan

what format of revenue recognition journal entry can be set as the default?

a) detail

b) summary

c) either detail or summary

d) both

e) neither

what are the event date?

a) the arrangement creation date

b) the date the performance obligation that generate the revenue element

c) the date of the event that triggers the creation of the revenue recognition plan

d) the date on the revenue element record. this date is not generated automatically.
what are the ARM event date?

a) the arrangement creation date

b) the date the performance obligation that generate the revenue element

c) the date of the event that triggers the creation of the revenue recognition plan

d) the date on the revenue element record. this date is not generated automatically.

the ARM fair value formula fields are drawn from the fields available on the ....... and .......... .

a) Item Record

b) revenue arrangement body

c) revenue rule

d) revenue element lines

which of the following item types can be used with ARM? select all that apply.

a) download item

b) non-inventory item for purchase

c) service item for sale

d) gift item

e) lot numbered inventory item

when configuring an item record, the create revenue plans on field, which triggers the creation of the
actual revenue plan, must pair with which field on the revenue recognition rule?

a) recognition method

b) recognition period

c) amount source

d) reforecast method

you want the revenue arrangement date to be always the source transaction date. what should you do?

a) manually edit the date on the revenue arrangement when there is a difference

b) call support to ask for the activation of a hidden feature

c) check the box ' use transaction date as revenue arrangement date' in accounting preferences

d) check the 'use transaction date as revenue arrangement date' on the source transaction

an invoice or a credit memo will create a revenue arrangement as long as ......

a) it is not linked to another sales transaction

b) it is under $ 10,000

c) it is dated in the current period

d) it contains only one item

ARM every revenue element has a(n)........... and can have multiple............ and, in a multi-element
arrangement each element can have different plans because the.......... can be differet on each element/

a) actual revenue plan; forecast revenue plans; revenue schedule

b) forecast revenue plan; actual revenue plans; revenue recognition rule

c) forecast revenue plan; actual revenue plans; recognition method

d) actual revenue plan; forecast revenue plans; revenue recognition rule

ARM what fields would you update on a revenue element when delivery dates become known? select all
that apply.

a) quantity

b) start date

c) amount

d) end date

e) rev rec rule

revenue recognition plans for percent complete revenue recognition will create when:

a) the revenue arrangement is crested

b) the percent complete is updated in the project

c) the item is fulfilled

d) the revenue arrangement is approved

if it were necessary to place revenue recognition on hold, on which record would you make the edit?

a) item

b) revenue element

c) revenue arrangement

d) actual revenue plan

ARM what is the correct sequence of events?

a) revenue arrangement creation > revenue elements creation > revenue recognition plan creation >
allocation

b) revenue arrangement creation > revenue elements creation > allocation > revenue recognition plan
creation

c) revenue elements creation > revenue arrangement creation > allocation > revenue recognition plan
creation

d) revenue elements creation > allocation > revenue arrangement creation > revenue recognition plan
creation

how can the allocation of a compliant revenue arrangement be recalculated by the system?

a) by clicking on update revenue plans

b) by going to transaction > financial > update revenue arrangements and revenue plans and click on
'update revenue plans'

c) the allocation of compliant revenue arrangements cannot be recalculated by the system

d) by editing the revenue arrangement, unchecking the 'compliant box' saving and clicking on the
'allocate' button on the revenue arrangement

when creating revenue recognition journal entries, which fields can have selections specified, or left
alone to use all values? select all that apply.

a) subsidiary

b) item type

c) select individual schedules

d) transaction type

e) target/deferral account
f) transaction date

what are the steps in ARM reclassification? choose the right steps and the right order.

a) adjust revenue for foreign currency variance > reclassify unbilled receivables

b) allocate the gross billing amount to individual revenue elements > reclassify unbilled receivables

c) reclassify unbilled receivables > allocate the gross billing amount to individual revenue elements

d) allocate the gross billing amount to individual revenue elements > adjust revenue for foreign currency
variance > reclassify unbilled receivables

e) reclassify unbilled receivables > adjust revenue for foreign currency variance > allocate the gross
billing amount to individual revenue elements

which ARM report does not tie to general ledger balances?

a) deferred revenue waterfall

b) deferred revenue rollforward

c) revenue recognition forecast