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| Section | Objectives |
|---|
| Topic 1: Revenue Recognition Processing | - Contract processing
- 1. Performance obligation fulfillment
- 2. Contract modification handling
- Revenue recognition events
- 1. Revenue adjustments and reallocation
- 2. Revenue scheduling and accounting entries
|
| Topic 2: Integration and Reporting | - Integration with Oracle Cloud ERP
- 1. Subledger accounting integration
- 2. Source systems data ingestion
- Reporting and analytics
- 1. Period close reporting
- 2. Revenue dashboards and reports
|
| Topic 3: Implementation and Configuration | - Pricing and allocation rules
- 1. Revenue allocation rules setup
- 2. Standalone selling price (SSP) configuration
- Setup and functional configuration
- 1. Revenue management setup tasks
- 2. Source document and transaction mapping
|
| Topic 4: Revenue Management Cloud Service Fundamentals | - Revenue standards overview
- 1. IFRS 15 / ASC 606 principles
- 2. Performance obligations identification
- Core concepts of Revenue Management Cloud
- 1. Revenue lifecycle and recognition principles
- 2. Subscription and contract revenue concepts
|
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Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions (Q79-Q84):
NEW QUESTION # 79
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by grouping source document lines intro contracts for each identified customer
- B. by restricting users from excluding contract lines
- C. by identifying and creating one or more performance obligations for a given accounting contract
- D. by calculating Total Transaction Price for contracts
- E. by allowing manual allocation of Total Transaction Price across performance obligations
- F. by only creating contracts that are source system specific
Answer: A,E,F
NEW QUESTION # 80
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. HTML
- D. PowerPoint
Answer: B
NEW QUESTION # 81
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?
- A. by setting SM to "Requires Complete" and SMM to "Period"
- B. by setting SM to "Requires Complete" and SMM to "Percent"
- C. by setting SM to "Allow Partial" and SMM to "Quantity"
- D. by setting SM to "Allow Partial" and SMM to "Period"
- E. by setting SM to "Requires Complete" and SMM to "Quantity"
Answer: A
NEW QUESTION # 82
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?
- A. Customer Sales Source Data Import
- B. Customer Sales Data Source Documents Import
- C. Customer Contract Source Documents Import
- D. Customer Contract Source Data Import
Answer: D
NEW QUESTION # 83
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. Categorize standalone sales by performance obligation.
- C. Close the previous period.
- D. Run Create Accounting.
- E. Run the Calculate Observed Standalone Selling Prices program.
- F. Review the calculated OSSP.
Answer: B,E
NEW QUESTION # 84
......
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