NetSuite Exam ERP-Consultant Topic 5 Question 68 Discussion

Actual exam question for NetSuite's ERP-Consultant exam

Question #: 68
Topic #: 5

[All ERP-Consultant Questions]

Which default recognition methods are available when creating a new revenue recognition rule? (Choose two.)

AStraight-line, prorate all periods except first and last (period rate)

BStraight-line, by even periods

CStraight-line by exact periods

DStraight-line, prorate first and last period (period rate)

Show Suggested Answer

Suggested Answer: B, D

by Adelle at Sep 16, 2024, 08:55 PM

Limited Time Offer

25%

Off

Get Premium ERP-Consultant Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Shay

3 months ago

I'm just hoping the exam doesn't ask us to do the math. My calculator has been acting up lately.

upvoted 0 times

...

Kenneth

4 months ago

Can we get a calculator up in here? I'm having trouble visualizing the difference between those straight-line options.

upvoted 0 times

Ernest

2 months ago

Let's use a calculator to compare the differences between the two options.

upvoted 0 times

...

Lashawnda

2 months ago

Yeah, A and D seem to be the most common choices for revenue recognition rules.

upvoted 0 times

...

Justa

2 months ago

I think option A and D are the default recognition methods available.

upvoted 0 times

...

Kaitlyn

2 months ago

D) Straight-line, prorate first and last period (period rate)

upvoted 0 times

...

Loren

2 months ago

C) Straight-line by exact periods

upvoted 0 times

...

Rozella

3 months ago

B) Straight-line, by even periods

upvoted 0 times

...

Adelle

3 months ago

A) Straight-line, prorate all periods except first and last (period rate)

upvoted 0 times

...

Stefany

4 months ago

I'm torn between B and C. Straight-line by even periods or exact periods? Hmm, decisions, decisions.

upvoted 0 times

Essie

2 months ago

True, both B and C have their merits. It ultimately depends on the specific situation.

upvoted 0 times

...

Wenona

2 months ago

But B could also work, straight-line by even periods is a common method too.

upvoted 0 times

...

Cammy

3 months ago

I agree, C seems like the better option for creating a new revenue recognition rule.

upvoted 0 times

...

Alease

3 months ago

I think C is the way to go. Straight-line by exact periods seems more accurate.

upvoted 0 times

...

Kathrine

4 months ago

I'm not sure, but I think C could also be a valid option since it mentions exact periods.

upvoted 0 times

...

Laticia

4 months ago

I agree with Nelida. A and D make the most sense to me. Straight-line is a standard, and prorating the first and last periods is a practical approach.

upvoted 0 times

...

Chauncey

4 months ago

I agree with Tenesha, A and D make sense because they involve prorating the first and last periods.

upvoted 0 times

...

Nelida

4 months ago

I think A and D are the correct options. Straight-line recognition with prorating the first and last periods seems like the most common method.

upvoted 0 times

Kristeen

3 months ago

I'm not sure about C, but A and D seem like the most common methods.

upvoted 0 times

...

Kristeen

3 months ago

I think C could also be a valid option.

upvoted 0 times

...

Kristeen

4 months ago

I agree, A and D are the correct options.

upvoted 0 times

...

Mariann

4 months ago

I think B and C are also valid options. Straight-line by even or exact periods can be useful in certain scenarios.

upvoted 0 times

...

Kara

4 months ago

I agree, A and D are the correct options. It's important to prorate the first and last periods for accurate recognition.

upvoted 0 times

...

Tenesha

4 months ago

I think the default recognition methods are A and D.

upvoted 0 times

...