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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Revenue Reporting and Analytics | 22% | - Monitor and reconcile revenue balances and accounting data - Build analyses, dashboards, and infolets for revenue data - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting - Generate standard and custom revenue reports |
| Topic 2: Revenue Recognition and Accounting Rules | 26% | - Understand and apply ASC 606 / IFRS 15 standards - Configure accounting configurations, journal entries, and accounting methods - Manage allocation and measurement of transaction prices - Define and manage revenue recognition rules and schedules |
| Topic 3: Revenue Contracts and Performance Obligations | 24% | - Create and manage revenue contracts and contract modifications - Handle contract assets, liabilities, and billing events - Allocate transaction price to performance obligations - Identify and define performance obligations and distinct goods/services |
| Topic 4: Revenue Management Implementation and Setup | 28% | - Set up standalone pricing and pricing dimension structures - Configure integration with Oracle Financials Cloud and other modules - Configure Revenue Management application components - Define system options, parameters, and reference data |
1. Which is NOT a predefined Accounting Class for Revenue Management?
A) Contract Liability
B) Contract Asset
C) Contract Discount
D) Contract Unearned Revenue
2. Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?
A) by setting SM to "Allow Partial" and SMM to "Period"
B) by setting SM to "Requires Complete" and SMM to "Period"
C) by setting SM to "Requires Complete" and SMM to "Quantity"
D) by setting SM to "Allow Partial" and SMM to "Quantity"
E) by setting SM to "Requires Complete" and SMM to "Percent"
3. Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
A) creates customer contracts and performance obligations
B) allocates the SSP to various satisfaction events
C) allocates the SSP to various performance obligations
D) recognizes revenue if any satisfaction events exist
E) creates the accounting for the stages in the process
4. Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
A) require complete
B) require partial
C) allow partial
D) allow complete
5. 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) Run the Revenue Management translation process.
B) Enter exchange rate information in Standalone Selling Price Profile.
C) Provide currency conversion details in the Revenue Basis Data Import Template.
D) Enter Conversion Rate Type in System Options.
E) Select Conversion Rate Type in the Source Document Type setup.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: E | Question # 4 Answer: A,C | Question # 5 Answer: A,D |
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