Knowledge quiz

It’s time to put what you’ve learned to the test, get 7 questions right to pass this unit.

Is the following statement correct or wrong: IFRS 15 has been designed by SAP in order to simplify accounting.

Choose the correct answer.

The statement is correct.

The statement is wrong.

For which of the following data objects in SAP BRIM, can Revenue Accounting Contracts in SAP S/4HANA RAR be created or updated?

There are two correct answers.

Provider Contract

Subscription Order

Service Order

Billable Items

Billing Documents

What is the correct order of the five steps of Revenue Recognition?

Choose the correct answer.

1. Identify the contract with the customer. 2. Recognize revenue when (or as) a performance obligation is satisfying. 3. Allocate the transaction price to the separate performance obligations in the contract. 4.Determine the transaction price. 5. Identify the separate performance obligations in the contract.

1. Identify the contract with the customer. 2. Identify the separate performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the separate performance obligations in the contract. 5. Recognize revenue when (or as) a performance obligation is satisfying.

1. Identify the contract with the customer. 2. Determine the transaction price. 3. Allocate the transaction price to the separate performance obligations in the contract. 4. Recognize revenue when (or as) a performance obligation is satisfying. 5. Identify the separate performance obligations in the contract.

Is the following statement correct or wrong? General ledger documents are created by SAP S/4HANA FI-CA and SAP S/4HANA RAR.

Choose the correct answer.

This is correct.

This is wrong.

In this training context, for what is SSP the abbreviation?

Choose the correct answer.

Standard System Performance

Standalone Selling Price

Which of the following scenarios does SAP Billing and Revenue Integration Management handle?

There are four correct answers.

B2B scenarios

B2C scenarios

Hardware deliverables

Partner Revenue Sharing

Subscription-based billing

In this training context, what is SAP BRIM the abbreviation for?

Choose the correct answer.

Billing and Revenue Innovation Management

Basic Revenue Integration Management

The SAP BRIM–SAP RAR integration works with which of the following?

Choose the correct answer.

Subscription Order Management

Convergent Invoicing

Convergent Charging

Contract Accounts Receivable and Payable