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| Section | Objectives |
|---|---|
| Integration and Data Flow | - Integration with Oracle ERP Cloud - Source data ingestion and transformation |
| Revenue Recognition and Accounting Rules | - Standalone selling price allocation - Adjustments and reallocation scenarios - Revenue recognition models |
| Oracle Revenue Management Cloud Service Overview | - Core concepts of Revenue Management Cloud Service - Business use cases and industry applications |
| System Configuration and Setup | - Enterprise structures and accounting setup - Initial setup and configuration options |
| Reporting and Troubleshooting | - Error handling and reconciliation - Standard reporting capabilities |
| Revenue Contracts and Performance Obligations | - Contract creation and management - Identification of performance obligations - Revenue allocation rules |
1. Which method is used to allocate total transaction price across performance obligations in Revenue Management?
A) Relative Allocation Method
B) Two Step Allocation Method
C) Inverted Allocation Method
D) Residual Allocation Method
E) Alternative Allocation Method
2. Which is NOT a required piece of information when importing contract header Information from a source file?
A) Record Type
B) Source Document Unique Identifier Number 1
C) Date of Source Document
D) Currency code of source document
E) Source System
F) Source Document Type code
3. 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 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.
B) 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.
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.
4. Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
A) when a pricing dimension structure is enabled for pricing bands
B) when a source document type is enabled to use pricing bands
C) when a pricing dimension structure Instance Is enabled for pricing bands
D) when a value set segment label of Set Band is used
5. Why Is Satisfaction Method a key element of a Performance Obligation?
A) because it determines whether revenue for a good or service is recognized Over Time or Point in Time
B) because it specifies whether revenue has been fully or partially recognized for a good or service
C) because it calculates the amount of Total Transaction Price allocated to date
D) because it calculates the percentage of Total Transaction Price allocated to date
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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