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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q24-Q29):

NEW QUESTION # 24
Why Is Satisfaction Method a key element of a Performance Obligation?

A. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
B. because it specifies whether revenue has been fully or partially recognized for a good or service
C. because it calculates the amount of Total Transaction Price allocated to date
D. because it calculates the percentage of Total Transaction Price allocated to date

Answer: A

NEW QUESTION # 25
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

A. Oracle Revenue Management Cloud
B. Oracle General Ledger
C. Oracle Subledger Accounting
D. Oracle Receivables

Answer: A,C

NEW QUESTION # 26
Which configuration component is Source Document Type NOT connected to?

A. Contract Identification Rules
B. Performance Obligation Identification Rules
C. Revenue Management System Options
D. Revenue Price Profile
E. Performance Obligation Template

Answer: D

NEW QUESTION # 27
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. SSP Tolerance Usage
B. Estimated Standalone Selling Prices
C. Observed Standalone Selling Prices
D. Pricing Dimension Assignment
E. Items

Answer: B,C,D

NEW QUESTION # 28
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

A. Create a reporting ledger.
B. Create a new primary ledger.
C. Create a secondary ledger.
D. Using their existing primary ledger.

Answer: D

NEW QUESTION # 29
......

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