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| Section | Objectives |
|---|---|
| Integration and Data Flow | - Integration with Oracle ERP Cloud - Source data ingestion and transformation |
| Reporting and Troubleshooting | - Error handling and reconciliation - Standard reporting capabilities |
| Revenue Recognition and Accounting Rules | - Standalone selling price allocation - Adjustments and reallocation scenarios - Revenue recognition models |
| Oracle Revenue Management Cloud Service Overview | - Business use cases and industry applications - Core concepts of Revenue Management Cloud Service |
| Revenue Contracts and Performance Obligations | - Revenue allocation rules - Identification of performance obligations - Contract creation and management |
| System Configuration and Setup | - Enterprise structures and accounting setup - Initial setup and configuration options |
1. 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 calculating Total Transaction Price for contracts
C) by identifying and creating one or more performance obligations for a given accounting contract
D) by only creating contracts that are source system specific
E) by allowing manual allocation of Total Transaction Price across performance obligations
F) by restricting users from excluding contract lines
2. How many tabs does the Customer Contract Source Data Import Template have?
A) four tabs that store data for the
B) one tab that stores data for the VRM_SOURCE_DOCUMENTS table
C) two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
D) three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
3. Which three statements about Effective Periods are true?
A) You cannot have overlapping periods.
B) Effective Periods only define the rage where standalone selling prices of an item should be effective.
C) Gaps between periods are not allowed.
D) Effective Periods are used for standalone selling prices and for creating journal entries.
E) If effective periods are not defined, Revenue Management uses the General Ledger calendar.
4. Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
A) You can choose which Transaction Sources in Fusion Receivables integrate to Revenue
B) Revenue Management can only integrate to Fusion Receivables.
C) You can define date filters in order to consider only relevant data needed to comply with the
D) You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
5. A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?
A) Reporting Studio
B) Smart View
C) Business Intelligence Publisher
D) Oracle Transactional Business Intelligence
Solutions:
| Question # 1 Answer: A,D,E | Question # 2 Answer: D | Question # 3 Answer: A,B,C | Question # 4 Answer: B,C | Question # 5 Answer: C |

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