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NEW QUESTION 31
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
- A. Oracle Revenue Management Cloud
- B. Oracle General Ledger
- C. Oracle Receivables
- D. Oracle Subledger Accounting
Answer: A,D
NEW QUESTION 32
Which is NOT a Price Band Type?
- A. Percentage Band
- B. Amount Band
- C. Set Band
- D. Quantity Band
Answer: A
NEW QUESTION 33
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- B. You value the accrual at estimated consideration and it is a monetary debt.
- C. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- D. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- E. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
Answer: E
NEW QUESTION 34
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Unearned Revenue
- B. Contract Discount
- C. Contract Liability
- D. Contract Asset
Answer: A
NEW QUESTION 35
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It is a predefined Java FBDI template.
- B. It Is a predefined HTML FBDI template.
- C. It is a predefined Excel FBDI template.
- D. It is a custom template that you are required to build.
Answer: C
NEW QUESTION 36
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
- A. stand-alone selling price assigned to the promised detail line
- B. revenue recognized for each performance obligation
- C. transaction price derived from the source system line import
- D. transaction price distributed to each performance obligation
Answer: D
NEW QUESTION 37
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?
- A. Using their existing primary ledger.
- B. Create a reporting ledger.
- C. Create a secondary ledger.
- D. Create a new primary ledger.
Answer: A
NEW QUESTION 38
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?
- A. Identify Customer Contract Based on Party
- B. Identify Customer Contract Based on Source Document Line
- C. Identify Customer Contract Based on Source Document
- D. Identify Customer Contract Based on Source System
Answer: C
NEW QUESTION 39
What is a Standalone Selling Price (SSP)?
- A. the average of your bundled price
- B. the list price
- C. the price you would use if you sold to a customer separately
- D. the sum of the SSPs of the components
Answer: C
NEW QUESTION 40
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?
- A. Enter Conversion Rate Type in System Options.
- B. Run the Revenue Management translation process.
- C. Select Conversion Rate Type in the Source Document Type setup.
- D. Provide currency conversion details in the Revenue Basis Data Import Template.
- E. Enter exchange rate information in Standalone Selling Price Profile.
Answer: A,B
NEW QUESTION 41
Which is the following is NOT a feature of personalization
- A. Changing text font
- B. Configuring table columns
- C. Saving searches
- D. Selecting default language
Answer: A
NEW QUESTION 42
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By searching
- B. By navigating from the Welcome Springboard
- C. By navigating from the Implementation Project
- D. By navigation to an offering's functional area
Answer: A,C,D
NEW QUESTION 43
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
- A. Create the performance obligation for the toaster manually.
- B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- C. Ignore the performance obligation for the toaster because it was free of cost to the customer.
- D. Define an adhoc rule in the Revenue Price Profile to include the toaster.
Answer: B
NEW QUESTION 44
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?
- A. Format Only
- B. Dependent
- C. Independent
- D. Table
- E. Subset
Answer: A
NEW QUESTION 45
What does a Variable Consideration require?
- A. that the consideration be monetary
- B. an estimate of the consideration be made at inception only
- C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
- D. a disclosure be made to the shareholders
Answer: B
Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION 46
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?
- A. when the Satisfaction Measurement Model is set to Amount
- B. when the Satisfaction Measurement Model Is set to Percentage
- C. when the Satisfaction Measurement Model is set to Period
- D. when the Satisfaction Measurement Model is set to Quantity
Answer: C
NEW QUESTION 47
You define a Contract Identification Rule that uses the following source document attributes to match
transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
How many contracts will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: C
NEW QUESTION 48
Oracle Revenue Management is part of_____________________predefined offering.
- A. Incentive Compensation
- B. Enterprise Contracts
- C. Fusion Accounting Hub
- D. Financials
Answer: D
NEW QUESTION 49
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Analyze standalone selling prices for one or multiple effective periods.
- B. Diagnose revenue price profile.
- C. Drill down to data used to derive standalone selling prices.
- D. Review performance obligations by effective period.
- E. Monitor transaction price calculation and allocation.
Answer: A,B
NEW QUESTION 50
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