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Multi SelectImplementing and Managing Customer Billing
Question 4. When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two.)
A. Time-based contingencies require manual removal whenever payment is not yet due.
B. Prior-billing customer acceptance must be recorded or have expired in the feeder system before invoice import.
C. Post-billing customer acceptance must expire or be explicitly accepted before revenue recognition.
D. Payment-based contingencies are removed solely by the passage of time.
E. Payment-based contingencies normally expire without an eligible payment event.
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