What Rev-Con-201 Questions and Answers feature?

In Salesforce Revenue Cloud, particularly when managing Lot-based or As-Is Renewals, the system tracks pricing and lifecycle changes using the Asset Action object. This object represents a single lifecycle event (e.g., purchase, renewal, upgrade) that occurred to an asset and captures:

Net Unit Price at the time of action

Action type (e.g., renewal, cancellation)

Source and target pricing metadata

To trace back the renewal price to the original net unit price, users should examine the Asset Action records associated with the asset. Each action contains detailed pricing information at the time the action was executed, enabling full auditability.

Option A (Asset State Period) tracks state over time but doesn’t store pricing breakdowns.

Option B (Asset Action Source) is used to relate an asset action to its originating object (e.g., order or quote), but not to track pricing details.

Exact Extracts from Salesforce Revenue Cloud Documents:

Subscription Management Implementation Guide – “Asset Actions and Renewals”:“Asset Actions provide visibility into pricing and changes during renewals, upgrades, and other lifecycle events. The Net Unit Price is recorded in the Asset Action record.”

Asset Lifecycle Guide – “Understanding Asset Actions”:“Use Asset Action records to audit price changes over time, including renewal-specific pricing breakdowns.”

Exact Extracts from Salesforce Subscription Management Implementation Guide:

“Lot-based or As-is Renewals allow renewal quotes or orders to use the customer’s last negotiated pricing and quantities from existing assets.”

“This feature ensures that renewals reflect the same commercial terms from the current assets, even if list prices have changed.”

“Enabling As-is Renewal simplifies renewal creation and ensures pricing consistency for multi-term or upsold subscriptions.”

Asset State Periods and Asset State Period Attributes are the correct objects for reporting on attribute runtime values at the time of asset creation. According to the Revenue Cloud Developer Guide, AssetStatePeriodAttribute represents a virtual object that holds key-value pairs of asset attributes in a specified asset state period.

When an order is activated, Revenue Cloud automatically creates assets from the order products. Along with asset creation, the system generates an initial Asset State Period representing the timespan when the asset has specific quantity, amount, and monthly recurring revenue (MRR) values. Critically, all product attributes configured during quoting are stored as Asset State Period Attributes, creating a permanent record of the exact attribute values at the time of asset creation.

Asset State Period Attributes is a child object of Asset State Period and is available in API version 60.0 and later. The AssetStatePeriodAttribute object stores the AttributeName, AttributeValue, and AttributePicklistValueId for each configured attribute. This relationship allows consultants to query attributes at their point of asset creation and track attribute runtime values across the asset's lifecycle. The Asset State Period object itself contains metadata about when the attribute values were active.

Option B conflates different object types; Order Product Attribute stores attributes on orders, not on assets. Option C (Asset Action Source and Product Attribute Definition) provides historical and definition-level information but not the actual runtime attribute values stored when assets are created. Asset State Period Attributes specifically captures the attribute state at asset creation time.