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| Section | Weight | Objectives |
|---|---|---|
| Revenue Recognition and Accounting Rules | 26% | - Understand and apply ASC 606 / IFRS 15 standards - Configure accounting configurations, journal entries, and accounting methods - Define and manage revenue recognition rules and schedules - Manage allocation and measurement of transaction prices |
| Revenue Contracts and Performance Obligations | 24% | - Create and manage revenue contracts and contract modifications - Allocate transaction price to performance obligations - Handle contract assets, liabilities, and billing events - Identify and define performance obligations and distinct goods/services |
| Revenue Management Implementation and Setup | 28% | - Configure integration with Oracle Financials Cloud and other modules - Set up standalone pricing and pricing dimension structures - Define system options, parameters, and reference data - Configure Revenue Management application components |
| Revenue Reporting and Analytics | 22% | - Monitor and reconcile revenue balances and accounting data - Generate standard and custom revenue reports - Build analyses, dashboards, and infolets for revenue data - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting |
Question 1
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. 5
B. 3
C. 4
D. 6
Question 2
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. Define an adhoc rule in the Revenue Price Profile to include the toaster.
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. Create the performance obligation for the toaster manually.
Question 3
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. 5
B. 1
C. 0
D. 3
E. 4
Question 4
Which setup Is required to enable integration between Order Management and Revenue Management?
A. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
B. Create custom program to extract sales order and fulfillment data from Order Management.
C. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
D. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
E. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
F. Add Order Management in the Manage Trading Community Source Systems page.
Question 5
Which three tasks are associated with defining a Pricing Dimension Structure?
A. Define up to 30 segments and name them.
B. Include user friendly prompts for each segment.
C. Create multiple instances for a given Pricing Dimension Structure.
D. Assign required segment labels to each segment.
E. Define up to 20 segments and name them.
F. Analyze pricing policies across products and services.
Solutions:
| Question 1 Answer: B | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: D | Question 5 Answer: A,D,F |
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