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1. 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) Performance Obligation Satisfied
B) Revenue Recognized
C) Standalone Selling Prices Allocated
D) Performance Obligation Billed
E) Initial Performance
2. Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?
A) Performance Obligation Template
B) Tolerance ranges
C) Reason
D) SSP Type
E) Item Identifier
F) Pricing Dimension
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) Set the Profile Option AR: Source System Value for Revenue Management.
B) Set the System Options in EBS Receivables on the Revenue Management tab.
C) Apply appropriate patches to EBS.
D) Run the Deploy System Options process.
E) Map the EBS Chart of Accounts to the Cloud General Ledger.
4. Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
A) recognizes revenue if any satisfaction events exist
B) creates customer contracts and performance obligations
C) allocates the SSP to various performance obligations
D) creates the accounting for the stages in the process
E) allocates the SSP to various satisfaction events
5. 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) Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
B) Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
C) Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
D) Run the Calculate Observed Standalone Selling Prices program to derive prices.
Solutions:
| Question # 1 Answer: A,B,E | Question # 2 Answer: B,D,F | Question # 3 Answer: D,E | Question # 4 Answer: D | Question # 5 Answer: D |
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