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| Section | Weight | Objectives |
|---|
| Revenue Contracts and Performance Obligations | 24% | - Create and manage revenue contracts and contract modifications - Identify and define performance obligations and distinct goods/services - Allocate transaction price to performance obligations - Handle contract assets, liabilities, and billing events
|
| Revenue Reporting and Analytics | 22% | - Generate standard and custom revenue reports - Build analyses, dashboards, and infolets for revenue data - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting - Monitor and reconcile revenue balances and accounting data
|
| Revenue Recognition and Accounting Rules | 26% | - Manage allocation and measurement of transaction prices - Define and manage revenue recognition rules and schedules - Understand and apply ASC 606 / IFRS 15 standards - Configure accounting configurations, journal entries, and accounting methods
|
| Revenue Management Implementation and Setup | 28% | - Set up standalone pricing and pricing dimension structures - Configure Revenue Management application components - Configure integration with Oracle Financials Cloud and other modules - Define system options, parameters, and reference data
|
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Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions (Q84-Q89):
NEW QUESTION # 84
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
Answer: B
NEW QUESTION # 85
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
- B. You value the accrual at estimated consideration and it is a monetary debt.
- C. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- D. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- E. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
Answer: A
NEW QUESTION # 86
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?
- A. The contract is missing standalone selling prices at the promised detail level or at obligation level.
- B. The contract is missing satisfaction events.
- C. The contract is missing Billing data.
- D. The total Transaction Price is over the user-defined threshold amount.
Answer: D
Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.
NEW QUESTION # 87
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
- A. These accounts are optional in Revenue Management.
- B. If nonexistent, these accounts are added automatically to the chart of accounts.
- C. If nonexistent, these accounts need to be added to the chart of accounts.
- D. These accounts are not relevant to Revenue Management.
Answer: B
NEW QUESTION # 88
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they provide uniqueness to the Source Document Types.
- B. Because they are needed for integration with Product Management.
- C. Because they are Revenue Management Descriptive Flexfields.
- D. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
Answer: B
NEW QUESTION # 89
......
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