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Oracle Revenue Management Cloud Service 2022 Implementation Professional Questions and Answers

Question 1

Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount.What is allocated amount?

Options:

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

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Question 2

65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single packageto consumers. The entity has identified that this bundle is a distinct performance obligation. How would you

configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

Options:

A.

By defining a grouping rule on the customer class

B.

By defining an exclusion rule to exclude customer classes that are "Retail"

C.

By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

D.

By defining an item group and assigning that to the rule

E.

By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

Question 3

Which three statements about Effective Periods are true?

Options:

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 ofan item should be effective.