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| Section | Objectives |
|---|
| Topic 1: Implementation and Configuration | - Pricing and allocation rules
- 1. Standalone selling price (SSP) configuration
- 2. Revenue allocation rules setup
- Setup and functional configuration
- 1. Source document and transaction mapping
- 2. Revenue management setup tasks
|
| Topic 2: Revenue Management Cloud Service Fundamentals | - Revenue standards overview
- 1. Performance obligations identification
- 2. IFRS 15 / ASC 606 principles
- Core concepts of Revenue Management Cloud
- 1. Revenue lifecycle and recognition principles
- 2. Subscription and contract revenue concepts
|
| Topic 3: Revenue Recognition Processing | - Contract processing
- 1. Contract modification handling
- 2. Performance obligation fulfillment
- Revenue recognition events
- 1. Revenue scheduling and accounting entries
- 2. Revenue adjustments and reallocation
|
| Topic 4: Integration and Reporting | - Reporting and analytics
- 1. Period close reporting
- 2. Revenue dashboards and reports
- Integration with Oracle Cloud ERP
- 1. Source systems data ingestion
- 2. Subledger accounting integration
|
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Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions (Q33-Q38):
NEW QUESTION # 33
What is a Performance Obligation?
- A. a combination of customer type and product code
- B. a product code or SKU
- C. a promise to a customer on which either party has acted
- D. a promise to a customer
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2456627
NEW QUESTION # 34
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. 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
- B. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
- C. 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
- D. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- E. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
Answer: C,E
NEW QUESTION # 35
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
- A. Performance Obligation Satisfied
- B. Performance Obligation Billed
- C. Revenue Recognized
- D. Initial Performance
- E. Standalone Selling Prices Allocated
Answer: A,C,D
NEW QUESTION # 36
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?
- A. It tracks the difference in a Write-off Allocation Account at the contract level.
- B. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
- C. It tracks the difference in a Discount Allocation Account at the contract line level.
- D. It tracks the difference In a Discount Allocation Account at the contract level.
Answer: C
NEW QUESTION # 37
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
- A. Fixed Schedule
- B. Daily Revenue Rate, Partial Periods
- C. Variable Schedule
- D. Daily Revenue Rate
- E. Daily Revenue Rate, All Periods
- F. Partial Schedule
Answer: A
NEW QUESTION # 38
......
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