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| Section | Weight | Objectives |
|---|---|---|
| Revenue Reporting and Analytics | 22% | - Build analyses, dashboards, and infolets for revenue data - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting - Generate standard and custom revenue reports - Monitor and reconcile revenue balances and accounting data |
| Revenue Contracts and Performance Obligations | 24% | - Handle contract assets, liabilities, and billing events - Create and manage revenue contracts and contract modifications - Identify and define performance obligations and distinct goods/services - Allocate transaction price to performance obligations |
| Revenue Management Implementation and Setup | 28% | - Set up standalone pricing and pricing dimension structures - Define system options, parameters, and reference data - Configure Revenue Management application components - Configure integration with Oracle Financials Cloud and other modules |
| Revenue Recognition and Accounting Rules | 26% | - Configure accounting configurations, journal entries, and accounting methods - Understand and apply ASC 606 / IFRS 15 standards - Manage allocation and measurement of transaction prices - Define and manage revenue recognition rules and schedules |
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
Correct Answer: D 🗳️
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
Correct Answer: B 🗳️
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?
Correct Answer: B 🗳️
In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?
Correct Answer: C,E 🗳️
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?
Correct Answer: B 🗳️
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