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Oracle Revenue Management Cloud Service 2022 Implementation Professional Sample Questions (Q58-Q63):

NEW QUESTION # 58
Which three attributes are helpful in defining a Contract Identification Rule?

A. Business Unit
B. Delivery Address
C. Product Description
D. Quote Number
E. Bill To Customer
F. Ledger

Answer: B,C,D

NEW QUESTION # 59
65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you
configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. By defining an exclusion rule to exclude customer classes that are "Retail"
B. By defining an item group and assigning that to the rule
C. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
D. By defining a grouping rule on the customer class
E. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

Answer: E

NEW QUESTION # 60
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......

What is the difference between Selling Amount and Allocated Amount?

A. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
B. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
C. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
D. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.

Answer: A

NEW QUESTION # 61
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

A. Run the Deploy System Options process.
B. Set the Profile Option AR: Source System Value for Revenue Management.
C. Set the System Options in EBS Receivables on the Revenue Management tab.
D. Map the EBS Chart of Accounts to the Cloud General Ledger.
E. Apply appropriate patches to EBS.

Answer: A,D

NEW QUESTION # 62
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you
consider that recognition depends on the nature of the contingency? (Choose two)

A. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration
must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
B. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
C. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
D. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
E. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

Answer: A,D

NEW QUESTION # 63
......

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