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NEW QUESTION # 20
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 adhoc rule in the Revenue Price Profile to include the toaster.
- C. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- D. Ignore the performance obligation for the toaster because it was free of cost to the customer.
Answer: C
NEW QUESTION # 21
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?
- A. The contract is missing satisfaction events.
- B. The total Transaction Price is over the user-defined threshold amount.
- C. The contract is missing standalone selling prices at the promised detail level or at obligation level.
- D. The contract is missing Billing data.
Answer: B
Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.
NEW QUESTION # 22
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates can be associated to a Revenue Price Profile.
- B. Performance Obligation Templates take precedence over Performance Obligation Rules.
- C. Oracle delivers three predefined Performance Obligation Templates,
- D. Performance Obligation Templates are specific to the business and cannot be predefined.
Answer: C
NEW QUESTION # 23
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. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- C. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration
- D. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
- E. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
Answer: B,C
NEW QUESTION # 24
Oracle Revenue Management is part of_____________________predefined offering.
- A. Financials
- B. Fusion Accounting Hub
- C. Enterprise Contracts
- D. Incentive Compensation
Answer: A
NEW QUESTION # 25
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
- A. Customers
- B. Suppliers
- C. Receivables configurations
- D. Banks, branches and bank accounts
- E. Business Units
- F. Inventory items
Answer: A,E,F
NEW QUESTION # 26
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
- A. Initial Performance
- B. Standalone Selling Prices Allocated
- C. Performance Obligation Billed
- D. Performance Obligation Satisfied
- E. Revenue Recognized
Answer: A,D,E
NEW QUESTION # 27
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?
- A. Priority
- B. Freeze Period
- C. Default Classification
- D. Source Document Type
Answer: A
NEW QUESTION # 28
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. multiple accounting representations
- B. General Ledger journal creation
- C. centralized accounting solution
- D. General Ledger account derivation based on predefined events
- E. stand-alone selling price derivation
- F. revaluation of assets and liabilities
Answer: A,B,F
NEW QUESTION # 29
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......
What is the difference between Selling Amount and Allocated Amount?
- A. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
- B. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
- C. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
- D. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
Answer: B
NEW QUESTION # 30
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they provide uniqueness to the Source Document Types.
- B. Because they are Revenue Management Descriptive Flexfields.
- C. Because they are needed for integration with Product Management.
- D. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
Answer: C
NEW QUESTION # 31
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 Excel FBDI template.
- C. It is a custom template that you are required to build.
- D. It Is a predefined HTML FBDI template.
Answer: B
NEW QUESTION # 32
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 Source System
- B. Identify Customer Contract Based on Party
- C. Identify Customer Contract Based on Source Document
- D. Identify Customer Contract Based on Source Document Line
Answer: C
NEW QUESTION # 33
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. 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.
- B. You value the accrual at estimated consideration and it is a monetary debt.
- C. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- D. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- E. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
Answer: A
NEW QUESTION # 34
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
- A. recognizes revenue if any satisfaction events exist
- B. allocates the SSP to various performance obligations
- C. creates the accounting for the stages in the process
- D. creates customer contracts and performance obligations
- E. allocates the SSP to various satisfaction events
Answer: C
NEW QUESTION # 35
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance. Which two attributes on the structure instance are inherited from the structure definition?
- A. The Query Required option
- B. The shape: Same nunmber of segments and order
- C. The Displayed option
- D. Wether Dynamic Combination Creation Allowed is enabled
- E. The value sets
Answer: B,E
NEW QUESTION # 36
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Pricing estimates cannot be used In the absence of pricing data.
- B. Revenue and performance obligation liabilities are not dependent on billing.
- C. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
- D. Expected consideration value is applicable to all industries.
Answer: A,D
NEW QUESTION # 37
Which is a term under ASC 606 or IFRS 15?
- A. initial performance event
- B. transaction price
- C. promise detail
- D. requires complete
Answer: B
NEW QUESTION # 38
65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
- A. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- B. By defining an exclusion rule to exclude customer classes that are "Retail"
- C. By defining a grouping rule on the customer class
- D. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- E. By defining an item group and assigning that to the rule
Answer: D
NEW QUESTION # 39
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
- A. Daily Revenue Rate
- B. Partial Schedule
- C. Daily Revenue Rate, All Periods
- D. Daily Revenue Rate, Partial Periods
- E. Variable Schedule
- F. Fixed Schedule
Answer: F
NEW QUESTION # 40
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- B. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- C. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
- D. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
- E. Add Order Management in the Manage Trading Community Source Systems page.
- F. Create custom program to extract sales order and fulfillment data from Order Management.
Answer: A
NEW QUESTION # 41
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:
How many performance obligations will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 42
A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?
- A. Oracle Transactional Business Intelligence
- B. Smart View
- C. Business Intelligence Publisher
- D. Reporting Studio
Answer: C
NEW QUESTION # 43
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