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QUESTION 1 #
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred
Revenue liability?
A. your invoiced goods and services less those goods and services that you have not yet delivered
B. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right
to invoice them for those goods and services once delivered
C. Unearned Revenue
D. your debt to customers for goods and services you are obliged to deliver to them by either party acting
Correct Answer: D
QUESTION 2 #
Which three tasks can be performed In the Revenue Management Work Area?
A. Edit Contract Identification Rules.
B. Review Observed Standalone Selling Prices.
C. Manage contracts in “Pending Review” status.
D. Manage contracts in “Pending Allocation” status.
E. Review Performance Satisfaction Plans.
F. Review Revenue Price Profiles.
Correct Answer: BCD
QUESTION 3 #
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?
A. Apply appropriate patches to EBS.
B. Run the Deploy System Options process.
C. Set the Profile Option AR: Source System Value for Revenue Management.
D. Map the EBS Chart of Accounts to the Cloud General Ledger.
E. Set the System Options in EBS Receivables on the Revenue Management tab.
Correct Answer: BD
QUESTION 4 #
A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This
the combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?
A. pricing bands
B. a pricing dimension structure
C. the source document types
D. a pricing dimension structure instance
Correct Answer: A
QUESTION 5 #
The contract Promised Details tabs to include Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….
What is the difference between the Selling Amount and the 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.
Correct Answer: B
QUESTION 6 #
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?
A. Observed Standalone Selling Prices
B. Estimated Standalone Selling Prices
C. Pricing Dimension Assignment
D. SSP Tolerance Usage E. Items
Correct Answer: ABC
QUESTION 7 #
What is a contract modification?
A. a change to the contract caused by negotiation with the customer
B. a revision or correction to the estimate of variable consideration made at the inception
C. a change (modification) to the contract data
D. an increase or decrease in expected collectability
Correct Answer: A
QUESTION 8 #
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. Wether Dynamic Combination Creation Allowed is enabled
B. The value sets
C. The Query Required option
D. The Displayed option
E. The shape: Same number of segments and order
Correct Answer: BE
QUESTION 9 #
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
A. You accrue 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. You book the invoiced amount to the PandL when you meet the regulatory definition by Industry.
D. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
E. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
Correct Answer: A
QUESTION 10 #
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 it is a business requirement
C. when Context Values are populated
D. when the Type is Fixed or Variable
Correct Answer: D
Reference: https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_888B257D55BE0BBDE040D30A688 13B17
QUESTION 11 #
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?
A. SSP Type
B. Pricing Dimension
C. Performance Obligation Template
D. Unit of Measure
E. Item Identifier
Correct Answer: DE
https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm #FAFRM2339998
QUESTION 12 #
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?
A. 60 User Extensible Fields
B. 10 User Extensible Fields
C. 90 User Extensible Fields
D. 50 User Extensible Fields
Correct Answer: B
QUESTION 13 #
Why are Source Document Type Codes required when defining Source Document Types?
A. Because they are Revenue Management Descriptive Flexfields.
B. Because they are needed for integration with Product Management.
C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
D. Because they provide uniqueness to the Source Document Types.
Correct Answer: B
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