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| Section | Objectives |
|---|
| Implementation and Configuration | - Pricing and allocation rules
- 1. Revenue allocation rules setup
- 2. Standalone selling price (SSP) configuration
- Setup and functional configuration
- 1. Source document and transaction mapping
- 2. Revenue management setup tasks
|
| 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. Subscription and contract revenue concepts
- 2. Revenue lifecycle and recognition principles
|
| Integration and Reporting | - Reporting and analytics
- 1. Period close reporting
- 2. Revenue dashboards and reports
- Integration with Oracle Cloud ERP
- 1. Subledger accounting integration
- 2. Source systems data ingestion
|
| 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
|
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Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions (Q19-Q24):
NEW QUESTION # 19
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?
- A. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- B. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
- C. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
- D. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
Answer: A
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm
NEW QUESTION # 20
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?
- A. Provide currency conversion details in the Revenue Basis Data Import Template.
- B. Select Conversion Rate Type in the Source Document Type setup.
- C. Run the Revenue Management translation process.
- D. Enter exchange rate information in Standalone Selling Price Profile.
- E. Enter Conversion Rate Type in System Options.
Answer: C,E
NEW QUESTION # 21
Which is a term under ASC 606 or IFRS 15?
- A. requires complete
- B. promise detail
- C. transaction price
- D. initial performance event
Answer: C
NEW QUESTION # 22
Which three statements about Effective Periods are true?
- A. Effective Periods are used for standalone selling prices and for creating journal entries.
- B. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- C. Gaps between periods are not allowed.
- D. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
- E. You cannot have overlapping periods.
Answer: B,C,E
NEW QUESTION # 23
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 Contract Source Data Import
- C. Customer Sales Data Source Documents Import
- D. Customer Contract Source Documents Import
Answer: B
NEW QUESTION # 24
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