Oracle Revenue Management Cloud Service 2021 Implementation Essentials Exam
Last exam update: Apr 19 ,2024
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Question 1
Which three statements about Effective Periods are true?
A. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
B. Effective Periods are used for standalone selling prices and for creating journal entries.
C. Gaps between periods are not allowed.
D. You cannot have overlapping periods.
E. Effective Periods only define the rage where standalone selling prices of an item should be effective.
Answer:
C, D, E
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meet.john
2 months, 2 weeks ago
B. Effective Periods are used for standalone selling prices and for creating journal entries.
Question 2
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. If nonexistent, these accounts need to be added to the chart of accounts.
C. If nonexistent, these accounts are added automatically to the chart of accounts.
D. These accounts are not relevant to Revenue Management.
Answer:
C
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Question 3
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. Infolets
B. Dashboards
C. Infotile
D. Analysis
Answer:
BD
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Question 4
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?
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. Which two options are available In Revenue Management to convert transaction amounts to the USD currency?
A. Select Conversion Rate Type in the Source Document Type setup.
B. Run the Revenue Management translation process.
C. Enter Conversion Rate Type in System Options.
D. Provide currency conversion details in the Revenue Basis Data Import Template.
E. Enter exchange rate information in Standalone Selling Price Profile.
Answer:
BC
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Question 6
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
A. General Ledger account derivation based on predefined events
B. centralized accounting solution
C. General Ledger journal creation
D. multiple accounting representations
E. revaluation of assets and liabilities
F. stand-alone selling price derivation
Answer:
CDE
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Question 7
Which setup Is required to enable integration between Order Management and Revenue Management?
A. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
B. Add Order Management in the Manage Trading Community Source Systems page.
C. Create custom program to extract sales order and fulfillment data from Order Management.
D. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
E. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
F. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
Answer:
F
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Question 8
A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?
A. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
B. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
C. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
D. Run the Calculate Observed Standalone Selling Prices program to derive prices.
E. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
F. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
Answer:
CD
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Question 9
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. Performance obligation satisfaction event details.
B. Sales order header level data.
C. Sub contract level details.
D. Sales order line level data.
Answer:
A
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Question 10
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
A. stand-alone selling price assigned to the promised detail line
B. transaction price distributed to each performance obligation
C. transaction price derived from the source system line import
D. revenue recognized for each performance obligation
Answer:
B
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Question 11
At which level does Oracle Revenue management perform accounting?
A. Legal entity level
B. Contract level
C. Performance obligation level
Answer:
C
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Question 12
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
A. Inverted Allocation Method
B. Residual Allocation Method
C. Relative Allocation Method
D. Two Step Allocation Method
E. Alternative Allocation Method
Answer:
D
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Question 13
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)
A. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
B. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
C. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
D. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
E. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
Answer:
D, E
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Question 14
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance. Which two attributes on the structure instance are inherited from the structure definition?
A. Wether Dynamic Combination Creation Allowed is enabled
B. The value sets
C. The Query Required option
D. The Displayed option
E. The shape: Same nunmber of segments and order
Answer:
B, E
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Question 15
Oracle Revenue Management is part of_____________________predefined offering.
B. Effective Periods are used for standalone selling prices and for creating journal entries.