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NEW QUESTION # 23
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?
- A. Default Classification
- B. Source Document Type
- C. Priority
- D. Freeze Period
Answer: C
NEW QUESTION # 24
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
- B. Pricing estimates cannot be used In the absence of pricing data.
- C. Revenue and performance obligation liabilities are not dependent on billing.
- D. Expected consideration value is applicable to all industries.
Answer: B,D
NEW QUESTION # 25
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
- A. These accounts are optional in Revenue Management.
- B. These accounts are not relevant to Revenue Management.
- C. If nonexistent, these accounts are added automatically to the chart of accounts.
- D. If nonexistent, these accounts need to be added to the chart of accounts.
Answer: C
NEW QUESTION # 26
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
- A. transaction price distributed to each performance obligation
- B. transaction price derived from the source system line import
- C. stand-alone selling price assigned to the promised detail line
- D. revenue recognized for each performance obligation
Answer: A
NEW QUESTION # 27
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 value set segment label of Set Band is used
- C. when a pricing dimension structure Instance Is enabled for pricing bands
- D. when a source document type is enabled to use pricing bands
Answer: A
NEW QUESTION # 28
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. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 29
What is a Performance Obligation?
- A. a product code or SKU
- B. a promise to a customer
- C. a promise to a customer on which either party has acted
- D. a combination of customer type and product code
Answer: B
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2456627
NEW QUESTION # 30
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 the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
- C. Because they provide uniqueness to the Source Document Types.
- D. Because they are needed for integration with Product Management.
Answer: D
NEW QUESTION # 31
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?
- A. when the sales order Is booked on 14-Sep-2017
- B. when the product is shipped on 15-Sep-2017
- C. when the consultant is deployed to assist customer on 10-Sep-2017
- D. when an invoice is issued on 20-Sep-2017
Answer: C
NEW QUESTION # 32
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Two Step Allocation Method
- B. Residual Allocation Method
- C. Alternative Allocation Method
- D. Relative Allocation Method
- E. Inverted Allocation Method
Answer: A
NEW QUESTION # 33
How many tabs does the Customer Contract Source Data Import Template have?
- A. 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 - B. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- C. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- D. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
Answer: C
Explanation:
You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details
NEW QUESTION # 34
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. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION # 35
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Unearned Revenue
- B. Contract Asset
- C. Contract Liability
- D. Contract Discount
Answer: A
NEW QUESTION # 36
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?
- A. PowerPoint
- B. PDF
- C. Flat File
- D. HTML
Answer: C
NEW QUESTION # 37
Which three tasks can be performed In the Revenue Management Work Area?
- A. Manage contracts in "Pending Allocation" status.
- B. Manage contracts in "Pending Review" status.
- C. Edit Contract Identification Rules.
- D. Review Observed Standalone Selling Prices.
- E. Review Performance Satisfaction Plans.
- F. Review Revenue Price Profiles.
Answer: A,B,D
NEW QUESTION # 38
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed 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?
- A. Create source document types specifically for Euro documents.
- B. Populate exchange rates in Revenue Price Profile.
- C. Create revenue prices in the Euro currency.
- D. Populate Conversion Rate Type in System Options.
Answer: D
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION # 39
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Assign required segment labels to each segment.
- B. Define up to 30 segments and name them.
- C. Analyze pricing policies across products and services.
- D. Define up to 20 segments and name them.
- E. Create multiple instances for a given Pricing Dimension Structure.
- F. Include user friendly prompts for each segment.
Answer: A,B,C
NEW QUESTION # 40
Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue Management, which two reporting objects can users build In the BI catalog?
- A. Dashboards
- B. Analysis
- C. Infolets
- D. Infotile
Answer: A,B
NEW QUESTION # 41
Which three statements about Effective Periods are true?
- A. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
- B. You cannot have overlapping periods.
- C. Gaps between periods are not allowed.
- D. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- E. Effective Periods are used for standalone selling prices and for creating journal entries.
Answer: B,C,D
NEW QUESTION # 42
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 Type is Fixed or Variable
- B. when it is a business requirement
- C. when Context Values are populated
- D. when the Deferred Revenue box is checked
Answer: A
NEW QUESTION # 43
Which is a term under ASC 606 or IFRS 15?
- A. initial performance event
- B. transaction price
- C. requires complete
- D. promise detail
Answer: B
NEW QUESTION # 44
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?
- A. Identify Customer Contract Based on Source Document Line
- B. Identify Customer Contract Based on Source Document
- C. Identify Customer Contract Based on Party
- D. Identify Customer Contract Based on Source System
Answer: B
NEW QUESTION # 45
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. Set the System Options in EBS Receivables on the Revenue Management tab.
- 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. Run the Deploy System Options process.
Answer: D,E
NEW QUESTION # 46
Which setup component Is NOT connected to a Revenue Price Profile?
- A. Source Document Types
- B. Pricing Dimension Segments
- C. Contract Identification Rules
- D. Items
Answer: A
NEW QUESTION # 47
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?
- A. Reject contract
- B. Reject line
- C. Reverse line
- D. Preserve contract
- E. Void contract
Answer: A,B
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm
NEW QUESTION # 48
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