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NEW QUESTION # 23
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?
- A. Customer Sales Source Data Import
- B. Customer Contract Source Data Import
- C. Customer Contract Source Documents Import
- D. Customer Sales Data Source Documents Import
Answer: B
NEW QUESTION # 24
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by grouping source document lines intro contracts for each identified customer
- B. by allowing manual allocation of Total Transaction Price across performance obligations
- C. by calculating Total Transaction Price for contracts
- D. by only creating contracts that are source system specific
- E. by restricting users from excluding contract lines
- F. by identifying and creating one or more performance obligations for a given accounting contract
Answer: A,B,D
NEW QUESTION # 25
The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?
- A. PowerPoint
- B. Flat File
- C. PDF
- D. HTML
Answer: B
NEW QUESTION # 26
Which is a term under ASC 606 or IFRS 15?
- A. transaction price
- B. promise detail
- C. initial performance event
- D. requires complete
Answer: A
NEW QUESTION # 27
Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?
- A. 60 User Extensible Fields
- B. 10 User Extensible Fields
- C. 90 User Extensible Fields
- D. 50 User Extensible Fields
Answer: B
NEW QUESTION # 28
You define a Contract Identification Rule that uses the following source document attributes to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
How many contracts will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: B
NEW QUESTION # 29
Which three statements about Effective Periods are true?
- A. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- B. You cannot have overlapping periods.
- C. Effective Periods are used for standalone selling prices and for creating journal entries.
- D. Gaps between periods are not allowed.
- E. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
Answer: A,B,D
NEW QUESTION # 30
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Revenue and performance obligation liabilities are not dependent on billing.
- B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
- C. Pricing estimates cannot be used In the absence of pricing data.
- D. Expected consideration value is applicable to all industries.
Answer: C,D
NEW QUESTION # 31
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?
- A. Reverse line
- B. Reject contract
- C. Void contract
- D. Preserve contract
- E. Reject line
Answer: B,E
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm
NEW QUESTION # 32
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 System Options in EBS Receivables on the Revenue Management tab.
- B. Set the Profile Option AR: Source System Value for Revenue Management.
- C. Map the EBS Chart of Accounts to the Cloud General Ledger.
- D. Run the Deploy System Options process.
- E. Apply appropriate patches to EBS.
Answer: C,D
NEW QUESTION # 33
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. Observed Standalone Selling Prices
- B. Items
- C. Pricing Dimension Assignment
- D. Estimated Standalone Selling Prices
- E. SSP Tolerance Usage
Answer: A,C,D
NEW QUESTION # 34
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Product Description
- B. Delivery Address
- C. Business Unit
- D. Bill To Customer
- E. Ledger
- F. Quote Number
Answer: A,B,F
NEW QUESTION # 35
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?
- A. Subset
- B. Format Only
- C. Independent
- D. Dependent
- E. Table
Answer: B
NEW QUESTION # 36
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. 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
- 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. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- 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: A,E
NEW QUESTION # 37
What does the creation of an allocation allow you to determine?
- A. the fair value of each performance obligation
- B. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
- D. the ability not to revise previously reported revenue for revision, corrections, and other changes
Answer: A
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION # 38
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