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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Revenue Reporting and Analytics | 22% | - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting - Build analyses, dashboards, and infolets for revenue data - Monitor and reconcile revenue balances and accounting data - Generate standard and custom revenue reports |
| Topic 2: Revenue Management Implementation and Setup | 28% | - Configure integration with Oracle Financials Cloud and other modules - Configure Revenue Management application components - Define system options, parameters, and reference data - Set up standalone pricing and pricing dimension structures |
| Topic 3: Revenue Recognition and Accounting Rules | 26% | - Define and manage revenue recognition rules and schedules - Configure accounting configurations, journal entries, and accounting methods - Manage allocation and measurement of transaction prices - Understand and apply ASC 606 / IFRS 15 standards |
| Topic 4: Revenue Contracts and Performance Obligations | 24% | - Allocate transaction price to performance obligations - Create and manage revenue contracts and contract modifications - Identify and define performance obligations and distinct goods/services - Handle contract assets, liabilities, and billing events |
1. A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?
A) Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
B) Run the Calculate Observed Standalone Selling Prices program to derive prices.
C) Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
D) Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
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 Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
B) Create the performance obligation for the toaster manually.
C) Define an adhoc rule in the Revenue Price Profile to include the toaster.
D) Ignore the performance obligation for the toaster because it was free of cost to the customer.
3. Which is NOT a Price Band Type?
A) Set Band
B) Quantity Band
C) Percentage Band
D) Amount Band
4. Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
A) Standalone Selling Prices Allocated
B) Initial Performance
C) Performance Obligation Billed
D) Performance Obligation Satisfied
E) Revenue Recognized
5. Which is NOT a predefined Accounting Class for Revenue Management?
A) Contract Unearned Revenue
B) Contract Asset
C) Contract Liability
D) Contract Discount
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B,D,E | Question # 5 Answer: A |
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