Which two are intended uses for the Standalone Selling Price Report Dashboard? Review performance obligations by effective period Diagnose revenue price profile Drill down to data use to derive standalone selling prices Monitor transaction price calculation and allocation Analyze standalone selling prices for one or multiple effective periods.
Which three tasks can be performed In the Revenue Management Work Area? Edit Contract Identification Rules Review Observed Standalone Selling Prices Manage contracts in "Pending Review" status Manage contracts in "Pending Allocation" status Review Performance Satisfaction Plan Review Revenue Price Profiles.
How many tabs does the Customer Contract Source Data Import Template have? Four tabs that store data for the VRM_SOURCE_DOCUMENTS; VRM_SOURCE_DOC_LINES; VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively. Three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES and VRM_SOURCE_DOC_SUB_LINES tables respectively Two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively One tab that store data for the VRM_SOURCE_DOCUMENTS table.
Which, when transferred to a customer, allows you to recognize revenue? Shipment A performance obligation An invoice Promise detail.
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Source section in the Manage Revenue Management System Options page? Revenue Management can only integrate to Fusion Receivables You can add up to 5 transaction Sources as part of your integration with Fusion Receivables You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management You can define data filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
What is a contract modification? A change to the contract caused by negotiation with the customer A revision or correction to the estimate of variable consideration made at inception A change (modification) to the contract data An increase or decrease in expected collectability.
Which three attributes are helpful defining a Contract Identification Rule? Product Description Quote Number Delivery Address Bill To Customer Ledger Business Unit.
Which is Not a required piece of information when importing contract header information from a source file? Date of source Document Record Type Source System Currency code of source document Source Document Unique Identifier Number 1 Source Document Type code.
Why are Source Document Type Codes required when defining Source Document Types? Because they are Revenue Management Descriptive Flexfields Because they are needed for integration whit Product Management Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes Because they provide uniqueness to the Source Document Types.
A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to? Pricing bands A pricing dimension structure The source document types A pricing dimension structure instance.
Which is a term under ASC 606 or IFRS15? Transaction Price Promise detail Initial performance event Requires complete.
Which setup component IS Not connected to a Revenue Price Profile Contract Identification Rules Item Source Document Types Pricing Dimension Segments.
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources? Oracle Revenue Management Cloud Oracle Receivables Oracle General Ledger Oracle Subledger Accounting.
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile? Observed Standalone Selling Prices Estimated Standalone Selling Prices Pricing Dimension Assignment SSP Tolerance Usage Items.
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? Smart View Business Intelligence Publisher Oracle Transactional Business Intelligence Reporting Studio.
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? Fixed Schedule Variable Schedule Daily Revenue Rate, All Periods Daily Revenue Rate, Partial Periods Partial Schedule Daily Revenue Rate.
Given the Identify Customer Contracts Job set perform many different processes, which action Is Not performed by this job set? Allocates the SSP to various satisfaction events Creates the accounting for the stages in the process Allocates the SSP to various performance obligations Recognizes revenue if any satisfaction events exist Creates customer contracts performance obligations.
Which three statements about Effective Periods are true? If effective periods are not defined Revenue Management uses the General Ledger Calendar Effective Periods are used for standalone selling prices and for creating journal entries Gaps between periods are not allowed You cannot have overlapping periods Effective Periods only define the range where standalone selling prices of na item should be effective.
Which configuration component is Source Document Type Not connected to? Revenue Management System Options Performance Obligation Template Contract Identification Rules Revenue Price Profile Performance Obligation Identification Rules.
Which Three tasks are associated with defining a Pricing Dimension Structure? Define up to 30 segments and name them Define up to 20 segments and name them Analyze pricing policies across products and services Create multiple instances for a given Pricing Dimension Structure Include user friendly prompt for each segment Assign required segment labels to each segment.
When is it required to populate the number of periods and percentage of revenue while defining a revenue scheduling rule? When the Deferred Revenue box is checked When it is a business requirement When Context Values are populated When the type is Fixed or Variable.
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? 3 4 2 1.
The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records? HTML Power Point Flat File PDF.
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class? Contract Asset Contract Price Variance Contract Liability Contract Revenue Contract Expense Contract Clearing.
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? Identify Customer Contract Based on Party Identify Customer Contract Based on Source Document Line Identify Customer Contract Based on Source Document Identify Customer Contract Based on Source System.
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? Performance Obligation Satisfied Performance Obligation Billed Initial Performance Revenue Recognized Standalone Selling Prices Allocated.
Which statements Is True regarding the Customer Contract Source Data Import Template? It is a predefined Excel FBDI template It is a predefined Java FBDI template It is a predefined HTML FBDI template IT is a custom template that you are required to build.
What is a Performance Obligation? A combination of customer type and product code A product code or SKU A promise to a customer on which either party has acted A promise to a customer.
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? Table Subset Independent Format Only Dependent.
When is it required to populate a value for Performance Satisfaction Plan in a Source Document Type? When the Satisfaction Measurement Model is set to Amount When the Satisfaction Measurement Model is set to Period When the Satisfaction Measurement Model is set to Quantity When the Satisfaction Measurement Model is set to Percentage.
What is the correct match sequence of the descriptions A, B and C against the titles? b, c, a a, c, b c, b, a c, a, b a, b, c b, a, c.
What should E-Business Suit General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15? Create a reporting ledger Create a new primary ledger Create a secondary ledger Using their existing primary ledger.
Which three statement describe how Revenue Management creates accounting contracts to meet the new ASC 606/IFRS 15 revenue recognition standards? By identifying and creating one or more performance obligations for a give accounting contract By calculating Total Transaction Price for contracts By only creating contracts that are source system specific By allowing manual allocation of Total Transaction Price across performance obligations By restricting users from excluding contracts lines By grouping source document lines into contracts for each identified customer.
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the deferred Revenue liability? Your invoiced goods and services less those goods and services that you have not yet delivered Your debt to customers for goods and services you are obligated to deliver to them by either party acting less your right to invoice them for those goods and services once delivered Unearned Revenue Your debt to customers for goods and services you are obligated to deliver to them by either party acting.
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario? Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script Navigate to the "Manage Revenue Price Profile" pages and download spreadsheet template to enter estimates prices manually Run the Calculate Observed Standalone Selling Prices program to derive prices.
Given it is critical to capture common link values in one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data? 60 user Extensible Fields 10 user Extensible Fields 90 User extensible Fields 50 User extensible Fields.
What does a Variable Consideration require? an estimate of the consideration be made at inception only That the consideration be monetary an estimate of the consideration be made at Inception, and correction of the accrual at made at each period end until revenue is recognized A disclosure be made to the shareholders.
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? Ignore the performance obligation for the toaster because it was free of cost to the customer Define an Implied Performance Obligation Template to automatically ad a performance obligation for the toaster Create the performance obligation for the toaster manually Define an adhoc in the Revenue Price Profile to include the toaster.
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data. In addition to the SSP Value (price) and Currency, which two are required? SSP Type Pricing Dimension Performance Obligation Template Unit of Measure Item Identifier.
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expresses in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency. What needs to be done in Revenue Management to convert transaction amounts to the USD currency? Create source document types specifically for Euro documents Populate exchange rates in Revenue Price Profile Populate Conversion Rate type is System Options Create Revenue prices in the Euro currency.
In order to have Revenue Management calculated Observed Standalone Selling Prices, four steps must be completed
Which two are NOT included in the four step process? Close the previous period Review the calculated OSSP Categorize standalone sales by performance obligation Approve the OSSP by establishing it Run the Calculate Observed standalone Selling Prices program Run Create Accounting.
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? Freeze period Default Classification Source Document Type Priority.
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands? When a pricing dimension structure is enabled for pricing bands When a source document type is enabled to use pricing bands When a pricing dimension structure Instance is enabled for pricing bands When a value set segment label os SET Band is used.
Which statement is NOT applicable to Performance Obligation Templates Oracle delivers three predefined Performance Obligation Templates Performance Obligation Templates are specific to the business and cannot be predefined Performance Obligation Template take precedence over Performance Obligation Rules Performance Obligation Templates can be associated to a Revenue Price Profile.
Given your organization's Interactions with one of its customers:
A consultant is deployed to assist customer on 10-Sep-2017.
A sales order is booked on 14-Sep-2017
The product is shipped on 15-Sep-2017
An Invoice is issued on 20-Sep-2017
When do you accrue the contract liability?
When the consultant is deployed to assist customer on 10-Sep-2017 When the product is shipped on 15-Sep-2017 When the sales order is booked on 14-Sep-2017 When an invoice is issued on 20-Sep-2017.
Which three types of reference data critical to the Integration of a source system need to be synchronized between na external system and Revenue Management? Suppliers Business Units Customers Inventory items Receivables configurations Bank, branches and bank accounts.
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? Wether Dynamic Combination Creation Allowed is enabled The shape: Same number of segments and order The Displayed option The value sets The Query Required option.
You Define a Contract Identification Rule that uses the following source document attributes to math 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? 3 1 5 0 4.
What does the creation of an allocation allow you to determine? The ability not to revise previously reported revenue for revision, corrections and other changes The fair value of each performance obligation The maximum amount of revenue you can recognize soonest, postponing the minimum until later An allocation of the expected consideration over the performance obligations as if you had sold them separately.
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill...
What is the difference between Selling Amount and Allocated Amount? The selling Amount is calculated based on Standalone Selling Prices and is uses 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. 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. 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. The selling amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Ampount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS15 versus the old standard? Revenue and performance obligation liabilities are not dependent on billing Revenue can be recognized for performance obligations only using the "Point in Time" approach Pricing estimates cannot be used In the absence of pricing data Expected consideration value is applicable to all industries.
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? The total Transaction Price is over the user-defined threshold amount The contract is missing standalone selling prices at the promised detail level or a obligation level The contract is missing satisfaction events The contract is missing Billing data.
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15? 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 You value the accrual at estimated consideration and it is a monetary debt You book the invoiced amount to the P&L when you meet the regulatory definition by Industry. You calculate the liability at inception and book it when either party acts. Na act could be shipping or invoicing. Liability is a list of goods and servies you actually owe to the customer for future satisfaction via transfer.
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud? Apply appropriate patchs to EBS Run the Deploy System Options process Set the Profile Option AR: Source System Value for Revenue Management Map the EBS Chart of Acounts to the cloud General Ledger Set the System Options in EBS Receivables on the Revenue Management tab.
One way to upload customer contract data from a source system is trough File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management. What is the name of this spreadsheet template Customer Contract Source Documents Import Customer Sales Source Data Import Customer Contract Source Data Import Customer Sales Data Source Documents Import.
A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:
....
Which Price Band segment Label would be appropriate to use in this case? Amount Band Deal Size Band Set Band Quantity Band.
What is a Standalone Selling Prices (SSP)? The average of your bundled price The sum of the SSPs of the components The list price The price you would use if you sold to a customer separately.
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference? It tracks the difference is a Discount Allocation Account at the contract line level It tracks the difference in a Write-off Allocation Account at the contract level It tracks the difference in a Discount Allocation Account at the contract level It Tracks the difference in a Write-Off Allocation Account at the contract line level.
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule? Require complete Allow partial Allow complete Require partial.
Why Is Satisfaction Method a Key element of a Performance Obligation? Because it determines whether revenue for a good or service is recognized Over Time or Point in Time Because it calculates the amount of Total Transaction Price allocated to date Because it calculates the percentage of Total Transaction Price allocated to date Because it specifies whether revenue has been fully or partially recognized for a good or service.
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue? Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI. Delete the source data that was imported into Revenue Management and import new source data. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again. Delete Contracts from the Manage Customer Contracts UI.
Which method is used to allocate total transaction price across performance obligations in Revenue Management? Two Step Allocation Method Inverted Allocation Method Alternative Allocation Method Relative Allocation Method Residual Allocation Method.
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) 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. 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 must occur before the contingency can be removed and the order can be imported into Receivables for invoicing. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized. Time-based contingencies must not expire before the contingency can be removed and revenue recognized Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized.
What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management? The extend SSP amounts for all performance obligations in the customer contract The SSP amounts for all performance obligations in the customer contract The selling price for all performance obligations in the customer contract The allocated amount for all performance obligations in the customer contract The billing amount for all performance obligations in the customer contract.
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? 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 By defining a grouping rule on the customer class 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 By defining an item group and assigning that to the rule By defining an exclusion rule to exclude customer classes that are "Retail".
What are three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three) By Quote Number and time frame BY source Document and time frame By Item and time frame BY Customer and time frame By Source Document Line and time frame.
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation.
In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two) By setting SM to "requires Complete" and SMM to "Period" By setting SM to "Allow partial" and SMM to "Percent" By setting SM to "allow Partial" and SMM to "Period" By setting SM to "Requires Complete" and SMM To "quantity" By setting SM to "Requires Complete" and SMM to "Percent".
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time? by setting SM to “Allow Partial” and SMM to “Period” by setting SM to “Requires Complete” and SMM to “Period” by setting SM to “Requires Complete” and SMM to “Percent” by setting SM to “Requires Complete” and SMM to “Quantity” by setting SM to “Allow Partial” and SMM to “Quantity”.
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 should you configure Revenue management to ensure that these items are grouped into one performance obligation? By defining a Revenue Item Group By defining a Contact Identification Rule. By defining a Standalone Selling Price Profile. By defining a Performance Obligation Template.
What are the three types of pricing bands that can be used to determine pricing dimensions? Percentage band Range band Quantity band Amount band Set band.
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?? by setting SM to “Allow Partial” and SMM to “Period” by setting SM to “Requires Complete” and SMM to “Period” by setting SM to “Requires Complete” and SMM to “Percent” by setting SM to “Requires Complete” and SMM to “Quantity” by setting SM to “Allow Partial” and SMM to “Quantity”.
You are setting up accounting rules to recognize revenue and accrue for performance obligation liabilities and contract assets. Which three accounting events are needed for Revenue Management? Satisfaction Events Entity Deferred Revenue Entity Accounting Events Entity Unbilled Receivable Entity Distribution Entity.
Which is NOT a predefined Accounting Class for Revenue Management? Contract Asset Contract Discount Contract Unearned Revenue Contract Liability.
Revenue contingencies allow you to temporarily defer revenue to an unearned revenue account. Oracle predefined multiple revenue contingencies that you can assign to you customer transactions. Which are the predefined contingencies? (Choose three) Extend Payment Terms Bad Debt Forecast Delivery Customer Creditworthiness Revenue Scheduling.
Which is the following is NOT a feature of personalization? Changing text font Configuring table columns Saving searches Selecting default language.
How can you access an implementation task in Functional Setup Manager. (choose 3) By searching By navigating from the Welcome Springboard By navigating from the Implementation Project By navigation to an offering`s functional area.
Select a correct definition of a duty role People in the enterprise independently of the jobs that they perform Logical group of tasks performed in a job Segregation of duties such as approving, processing, and so on A job that a worker performs.
Which of these are main components of the Oracle cloud User Interface? (choose three) Section Global Area Region Panels.
Which of the following Revenue Management job roles are predefined by Oracle? (choose two) Revenue Analyst Revenue Manager Revenue Supervisor Revenue Specialist.
Oracle Revenue Management is part of ________________ predefined offering. Fusion Accounting Hub Incentive Compensation Enterprise Contracts Financials.
Which is NOT a predefined accounting class used by Subledger Accounting for Revenue Management? Contract Clearing Contract Liability Contract Asset Deferred Revenue Contract Revenue.
Which statement is correct under the new accounting standard ASC 606/IFRS 15? Contracts liabilities end up becoming deferred revenue when performance obligations are satisfied Contracts liabilities end up becoming assets when performance obligations are satisfied Contract liabilities end up becoming revenue when performance obligations are satisfied.
When testing your Revenue Management configurations, Oracle recommends that you set the "Accounting Mode" parameter of "Identify Customer Contract Process" to: Final On Null Draft Off.
Which is not one of the five key steps to revenue recognition? Billing the customer Recognizing revenue Identifying contracts with the customer Identifying performance obligations in the contract Determining the transaction price Allocating transaction price.
At which level does Oracle Revenue management perform accounting? Contract level Legal entity level Performance obligation level.
Which of the following tasks can be performed in the Revenue Management Work Area? (Choose two) Marking a contract as "reviewed" Creating customer contracts Viewing contracts in "Pending allocation" status Inputting standalone selling prices.
What is the function of Universal Content Manager? It serves as the entry point for the third-party system data that enters Oracle Cloud It is a feature of the Trading community Model It allows you to build FBDI templates to import data It pulls data from E-Business suit Order Management.
Whit which of the following ERPs does Oracle Revenue Management provide out-of-the-box integration? (choose two) PeopleSoft Financials Third-party applications Oracle E-Business Suite Oracle Financials Cloud.
Which of the following are required steps to enable integration between E-Business Suite and Revenue Management? (Choose three) Configure System Options in EBS Order Management Set the Profile Option "AR: Source System Value" Run the EBS to Revenue Management Integration Program Configure System Options in EBS Receivables Apply patchs to EBS.
What are the options available to import data from third-party system into Revenue management? (Choose two) Use a predefined third party data import program Build a custom extract program Input data manually in stagin tables Use predefined FBDI templates.
Which E-Business Suite application does NOT integrate out-of-the-box with Revenue Management Service Contracts Receivables Projects Order Management.
How many segments can a Pricing Dimension Structure have? 15 25 10 30.
Which of the following are Revenue Management System Options? (Choose three) Performance Satisfaction Plan Transaction Price Exemption Performance Obligation Template Transaction Price Review Conversion Rate Type.
Which attribute is NOT relevant to Source Document Type? Document Type Code Performance Satisfaction Plan Priority Satisfaction Measurement Model.
Which is NOT a Price Band Type? Percentage Band Amount Band Set Band Quantity Band.
Which of the following setups allow you to identify contracts with customers? (choose two) Performance Obligation Identification Rule Performance Satisfaction Plan Contract Identification Rule Revenue Scheduling Rule Standalone Selling Price.
What are the methods to derive Standalone Selling Prices? (choose three) Execute Custon SQL Scripts Use Pricing API Automatically calculate Load using Revenue Basis Data Import template Create from Standalone Selling Price Profile.
How are the Value Sets used in Revenue Management? In the definition of contract identification rules In the creation of performance obligation identification rules As a component of a pricing dimension structure In the definition of price effective periods.
Which three workseets are shown in the Revenue Basis Data Import FBDI template? VRM_SOURCE_DOCUMENTS VRM_SOURCE_REF_ITEMS VRM_SOURCE_BILLING_LINES VRM_SOURCE_DOC_LINES VRM_SOURCE_DOC_SUB_LINES.
Which three attributes are required pieces of information when importing contract header information from a source file? Record Header Source Document Type Code Source Document Identifier Number 1 Source System Data of source Document.
Which two setup tasks in Revenue Management are required to transfer the accounting Journals to e-Business Suite? Set the profile option "XLA_ENABLE_TRANSFER_TO_EBS_GL" to yes Set the profile option "XLA_ENABLE_TRANSFER_TO_EXT" to yes Select Oracle EBS GL in the Transfer To option on the Manage Subledger Application page Select Non-Cloud GL in the Transfer To option on the Manage Subledger Application page.
Given that the Identify customer contract process performs many different tasks, which three actions are performed by this process? Creates customer contracts and performance obligations Allocates the SSP to various performance obligations Allocates the SSP to various satisfaction events Recognizes revenue if any satisfaction event exist Updates the ESP contract prices.
How many Source Document Types can be populated in the Manage System Options for Revenue Management page? 10 20 30 No Limit 240.
Which three statements are true about the Calculate Observed Standalone Selling Prices Program? The program is launched after prices are entered and loaded from na FBDI template User choose whether or not to establish prices calculated by the program It uses historical standalone selling prices for a coverage period Prices calculated by the program are subject to user review.
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount? These accounts are optional in Revenue Management. If nonexistent, these accounts need to be added to the chart of accounts. If nonexistent, these accounts are added automatically to the chart of accounts. These accounts are not relevant to Revenue Management.
Which outbound transactions are transferred from Revenue Management to E Business Suite? Journal Entries Updated Sales Orders Updated Service Contracts Updated Receivables Invoices.
Using which two methods can Revenue Management import contract data? Third-Party applications Manual Excel Enter is User Interface.
Performance Obligation Templates are customized for every organization an they cannot be predefined? True False.
When defining the enterprise structure, divisions are considered optional. If required, in which two ways can they be configured? As Sales Departments As a segment in the chart of accounts with a second balancing segment label As reporting hierarchy of cost centers As a segment in the chart of accounts with a Natural Account segment label As location addresses.
Audit History is enabled by default and requires no configuration to use. FALSE TRUE.
In which three ways can you access implementation tasks in Functional Setup Manager? Using FSM Infolet Using an Implementation Project Using Functional Area Using Getting Started Using the FSM search feature.
Which predefined job role has full access to perform all Functional Setup Manager related activities? Functional Setup Manager System Administrator Super User IT Manager Application Implementation Consultant Application Implementation Manager.
From which three Homepage layouts can administrators choose? News Feed Banner Breadcrumb Navigation Bar Panel.
In the user interface, where would you find the Favorites and Recent Items icons? Page Section Global Header Task Panel Infolets page Process Monitor Section.
Which three will affect your setup decisions when implementing Oracle Fusion Cloud Financials? Social Media Sites Hiring of Database Administrators Geographical Locations Industry Fiscal and Company Reporting Requirements.
Which three features are available from the home page of Oracle Help Center? Links to the new features List of help topics by task Links to support site Link to Customer Connect Links to APIs & Schema.
Which three are part of Oracle Guided Learning assets? Beams Process Guides Messages Call Outs Smart Tips .
Which predefined event retains the header information for accounting events? Accounting Header Information Accounting Events Entity Contract Header Event Distributions Entity.
Which three are predefined accounting classes for Revenue Management? Contract Clearing Contract Price Contract Discount Clearing Contract Revenue Contract SSP.
Which component of a contract is converted into revenue once the performance obligations are satisfied? Contract Liability Transaction Price Contract Asset Performance Obligations Value.
Which two job roles give users access to process automatic renewal of revenue contracts? Revenue Manager Revenue Analyst Revenue Admin Contract Manager.
When processing contract revisions in the FBDI template, which two valid values can be selected in the Revision Intent column? Correction Null Unassigned Update Change.
Which attribute must be defined in Revenue Management system options to clear any residual balances on fully satisfied contracts? Revenue Clearing Account Receivables Clearing Account Accounting Thresholds Accounting Balances GL Account.
Which system option setup corrects contracts errors in Revenue Management? Document Errors Contract Errors Spreadsheet Invalid Line Handling Validate Contracts.
Revenue Management combines customer contracts based on which rule? Performance Obligation Rule Revenue Allocation Rule Customer Contracts Rule Contract Identification Rule.
Which three attributes are found on the Customer Contracts page? Selling Amount Revenue Recognized Contract Owner Contract Identification Rule Header Information.
Which statement is correct about determining Transactions Prices? It is determined at the time of sale. It can be modified at a later time. It cannot be allocated. It can be in both fixed and variable consideration form.
Revenue Management utilizes satisfaction method and satisfaction measurement model to recognize revenue of a performance obligation. True False.
Identify three steps used in importing data for customer contract source document process. Load data into UCM. Run Identify Customer Source Contracts Process. Enter data in FBDI and create a .dat file. Run Validate Customer Contract Source Data Process. Run Finalize Contract Source Document Data Process.
Which three tabs are found in the Revenue Basis Data Import (FBDI) spreadsheet template? Customer Contract Source Documents Billing Data Lines Customer Contract Source Document Header Customer Contract Source Document Sub Lines Customer Contract Source Document Lines.
Which two applications integrate with Revenue Management for service duration and price periodicity? Bill Management Contracts EBS Receivables Subscription Management EBS Order Management.
How many currencies are supported by an accounting contract in Revenue Management? Five Multiple As many as defined in ledgers One.
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