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| Section | Objectives |
|---|---|
| System Configuration and Setup | - Enterprise structures and accounting setup - Initial setup and configuration options |
| Reporting and Troubleshooting | - Standard reporting capabilities - Error handling and reconciliation |
| Integration and Data Flow | - Source data ingestion and transformation - Integration with Oracle ERP Cloud |
| Oracle Revenue Management Cloud Service Overview | - Business use cases and industry applications - Core concepts of Revenue Management Cloud Service |
| Revenue Contracts and Performance Obligations | - Revenue allocation rules - Identification of performance obligations - Contract creation and management |
| Revenue Recognition and Accounting Rules | - Standalone selling price allocation - Revenue recognition models - Adjustments and reallocation scenarios |
1. What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
A) Expected consideration value is applicable to all industries.
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) Pricing estimates cannot be used In the absence of pricing data.
2. Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
A) require complete
B) allow partial
C) require partial
D) allow complete
3. Which statement Is True regarding the Customer Contract Source Data Import Template?
A) It is a predefined Java FBDI template.
B) It is a custom template that you are required to build.
C) It Is a predefined HTML FBDI template.
D) It is a predefined Excel FBDI template.
4. Which three statements about Effective Periods are true?
A) Effective Periods only define the rage where standalone selling prices of an item should be effective.
B) If effective periods are not defined, Revenue Management uses the General Ledger calendar.
C) Gaps between periods are not allowed.
D) Effective Periods are used for standalone selling prices and for creating journal entries.
E) You cannot have overlapping periods.
5. 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) 10 User Extensible Fields
B) 60 User Extensible Fields
C) 90 User Extensible Fields
D) 50 User Extensible Fields
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: A,B | Question # 3 Answer: D | Question # 4 Answer: A,C,E | Question # 5 Answer: A |
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