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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 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 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 |
1. Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
A) revenue recognized for each performance obligation
B) stand-alone selling price assigned to the promised detail line
C) transaction price derived from the source system line import
D) transaction price distributed to each performance obligation
2. Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
A) when a pricing dimension structure Instance Is enabled for pricing bands
B) when a pricing dimension structure is enabled for pricing bands
C) when a source document type is enabled to use pricing bands
D) when a value set segment label of Set Band is used
3. 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) 50 User Extensible Fields
B) 10 User Extensible Fields
C) 90 User Extensible Fields
D) 60 User Extensible Fields
4. 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?
A) Approve the OSSP by establishing it.
B) Close the previous period.
C) Run the Calculate Observed Standalone Selling Prices program.
D) Review the calculated OSSP.
E) Categorize standalone sales by performance obligation.
F) Run Create Accounting.
5. 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) PDF
B) Flat File
C) PowerPoint
D) HTML
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C,E | Question # 5 Answer: B |
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