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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Revenue Contracts and Performance Obligations | 24% | - Allocate transaction price to performance obligations - Create and manage revenue contracts and contract modifications - Handle contract assets, liabilities, and billing events - Identify and define performance obligations and distinct goods/services |
| Topic 2: Revenue Reporting and Analytics | 22% | - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting - Monitor and reconcile revenue balances and accounting data - Generate standard and custom revenue reports - Build analyses, dashboards, and infolets for revenue data |
| Topic 3: Revenue Recognition and Accounting Rules | 26% | - Define and manage revenue recognition rules and schedules - Manage allocation and measurement of transaction prices - Configure accounting configurations, journal entries, and accounting methods - Understand and apply ASC 606 / IFRS 15 standards |
| Topic 4: Revenue Management Implementation and Setup | 28% | - Define system options, parameters, and reference data - Configure Revenue Management application components - Configure integration with Oracle Financials Cloud and other modules - Set up standalone pricing and pricing dimension structures |
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?
Correct Answer: A 🗳️
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?
Correct Answer: B 🗳️
You define a Contract Identification Rule that uses the following source document attributes to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
How many contracts will be created In Revenue Management?
Correct Answer: D 🗳️
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)
Correct Answer: C,E 🗳️
How many tabs does the Customer Contract Source Data Import Template have?
Correct Answer: A 🗳️
Explanation: Only visible for ExamBoosts members. You can sign-up / login (it's free).
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