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| Section | Objectives |
|---|---|
| Revenue Recognition and Accounting Rules | - Adjustments and reallocation scenarios - Standalone selling price allocation - Revenue recognition models |
| System Configuration and Setup | - Initial setup and configuration options - Enterprise structures and accounting setup |
| Oracle Revenue Management Cloud Service Overview | - Business use cases and industry applications - Core concepts of Revenue Management Cloud Service |
| Integration and Data Flow | - Integration with Oracle ERP Cloud - Source data ingestion and transformation |
| Reporting and Troubleshooting | - Standard reporting capabilities - Error handling and reconciliation |
| Revenue Contracts and Performance Obligations | - Identification of performance obligations - Contract creation and management - Revenue allocation rules |
1. When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?
A) when the Deferred Revenue box is checked
B) when the Type is Fixed or Variable
C) when it is a business requirement
D) when Context Values are populated
2. 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) Business Intelligence Publisher
B) Smart View
C) Oracle Transactional Business Intelligence
D) Reporting Studio
3. 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 can be recognized for performance obligations only using the "Point in Time" approach.
C) Revenue and performance obligation liabilities are not dependent on billing.
D) Expected consideration value is applicable to all industries.
4. 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) Partial Schedule
B) Fixed Schedule
C) Daily Revenue Rate, All Periods
D) Daily Revenue Rate, Partial Periods
E) Daily Revenue Rate
F) Variable Schedule
5. 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?
A) the source document types
B) pricing bands
C) a pricing dimension structure
D) a pricing dimension structure instance
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A,D | Question # 4 Answer: B | Question # 5 Answer: B |
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