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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q10-Q15):

NEW QUESTION # 10
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

A. Unearned Revenue
B. your invoiced goods and services less those goods and services that you have not yet delivered
C. your debt to customers for goods and services you are obliged to deliver to them by either party acting
D. 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

Answer: C

NEW QUESTION # 11
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?

A. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
B. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
C. Delete Contracts from the Manage Customer Contracts Ul.
D. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
E. Delete the source data that was imported into Revenue Management and import new source data.

Answer: D

NEW QUESTION # 12
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

A. by identifying and creating one or more performance obligations for a given accounting contract
B. by allowing manual allocation of Total Transaction Price across performance obligations
C. by restricting users from excluding contract lines
D. by only creating contracts that are source system specific
E. by calculating Total Transaction Price for contracts
F. by grouping source document lines intro contracts for each identified customer

Answer: B,D,F

NEW QUESTION # 13
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. Pricing Dimension Assignment
B. Estimated Standalone Selling Prices
C. Items
D. Observed Standalone Selling Prices
E. SSP Tolerance Usage

Answer: A,B,D

NEW QUESTION # 14
The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?

A. Sub contract level details.
B. Performance obligation satisfaction event details.
C. Sales order line level data.
D. Sales order header level data.

Answer: B

NEW QUESTION # 15
......

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