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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?

A. Ignore the performance obligation for the toaster because it was free of cost to the customer.
B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
C. Define an adhoc rule in the Revenue Price Profile to include the toaster.
D. Create the performance obligation for the toaster manually.

Answer: B

NEW QUESTION # 51
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?

A. Reject line
B. Void contract
C. Preserve contract
D. Reverse line
E. Reject contract

Answer: A,E

Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm

NEW QUESTION # 52
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

How many performance obligations will be created In Revenue Management?

A. 0
B. 1
C. 2
D. 3

Answer: C

NEW QUESTION # 53
What is a Standalone Selling Price (SSP)?

A. the average of your bundled price
B. the price you would use if you sold to a customer separately
C. the sum of the SSPs of the components
D. the list price

Answer: B

NEW QUESTION # 54
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
B. 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.
C. You value the accrual at estimated consideration and it is a monetary debt.
D. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
E. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

Answer: B

NEW QUESTION # 55
......

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