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Exam 1z0-1080-20 topic 1 question 64 discussion

Actual exam question from Oracle's 1z0-1080-20
Question #: 64
Topic #: 1
[All 1z0-1080-20 Questions]

In Projects, which is NOT a valid option for Contract project revenue recognition? Choose the best answer.

  • A. Monthly, Quarterly, or Semiannually
  • B. After Completion
  • C. When Paid
  • D. When Billed
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Suggested Answer: C 🗳️
Reference:
https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbug/GUID-AECB4021-59B2-4C88-AFEE-92FB04D92C21.pdf
(5-6)
by Orakle at May 2, 2021, 7:13 p.m.

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jprmartinho
3 years, 7 months ago
C is correct https://docs.oracle.com/en/cloud/saas/planning-budgeting-cloud/epbug/GUID-AECB4021-59B2-4C88-AFEE-92FB04D92C21.pdf 5-11
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Orakle
4 years, 2 months ago
The only thing I can think of here is that it does not make accounting sense. You don't pay for revenue if you are the contractor, you can recognize the obligation for the payee, and then recognize as per the highlighted methods.
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