<div> <div style="padding-bottom: 5px;"> <div style="padding-bottom: 5px;"><img class="img-auto" style="min-width: 100px; max-width: 800px;" src="https://www.quiz-maker.com/3012/CDN/82-3878863/ncs-internal-edm-headers---pma-carnival.png" alt="NCS internal eDM headers - pma carnival" width="100%" /></div> <div style="padding-bottom: 5px;"><span style="font-size: 24pt;"><strong><span style="font-family: 'trebuchet ms', geneva, sans-serif;">Revenue</span></strong></span></div> </div> </div> | Take the Quiz

1. When should you accrue revenue?

When revenue is earned, however it is not billed yet.

B. When billing is completed.

C. When we receive customer LOA.

D. All of the above

2. Which of the following are required for Base-Y revenue to be recognized? (multiple answers)

A. Maintenance revenue

B. SR revenue

C. Subscription revenue

D. POC revenue

3. When is the cutoff date of SR accrual submission?

A. -WD3

B. LWD

C. -WD2

D. -WD1

4. Scenario: My project is a maintenance project, but we can only bill quarterly… How should I recognize the revenue?

A. Wait for quarter billing.

B. Inform PMG to set Base-Y for recurring revenue accrual.

C. Email customer and get their acknowledgement to recognize revenue in advance.

D. Forecast the revenue in my PHSR.

5. Scenario: NCS have started work for an SR and we have completed 50% of the works with 50% of the costs incurred. But we can only bill when the SR is 100% completed. What should I do?

A. Nothing.

B. Forecast the revenue in my PHSR.

C. Submit SR accrual before the deadline.

D. Both (b) and (c)

6. Scenario: NCS have started work for an SR based on verbal agreement with customer. Can we submit the SR revenue accrual for this SR?

A. Yes

B. No

7. Scenario: NCS have raised the billing to customer on the last work day of the month. Hence, I do not need to submit any SR accruals. T/F?

A. True

B. False

8. Scenario: Baseline PEP is not approved by end of LWD. Will there be POC revenue recognized?

A. Yes, it will automatically be computed.

B. Yes, if I submit SR accrual.

C. No, as POC revenue is computed based on PEP.

D. (a) and (b)

9. Select the situation(s) whereby a POC project be hit with MTH revenue reversals.

A. When Actual Costs > Budgeted Cost

B. When PEP margin is revised downwards

C. When I forecast a revenue reversal.

(a) and (b)

10. Scenario: NCS pays monthly AWS charges on behalf of client and issues monthly SIR to charge back at 0% margin. The SIR amount is considered NCS’s revenue. T/F

A. True

B. False

Revenue

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