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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q25-Q30):

NEW QUESTION # 25
How many tabs does the Customer Contract Source Data Import Template have?

A. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
B. four tabs that store data for the
VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively
C. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
D. one tab that stores data for the VRM_SOURCE_DOCUMENTS table

Answer: A

Explanation:
You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details

NEW QUESTION # 26
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

A. Apply appropriate patches to EBS.
B. Set the System Options in EBS Receivables on the Revenue Management tab.
C. Run the Deploy System Options process.
D. Map the EBS Chart of Accounts to the Cloud General Ledger.
E. Set the Profile Option AR: Source System Value for Revenue Management.

Answer: C,D

NEW QUESTION # 27
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

A. Pricing estimates cannot be used In the absence of pricing data.
B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
C. Revenue and performance obligation liabilities are not dependent on billing.
D. Expected consideration value is applicable to all industries.

Answer: A,D

NEW QUESTION # 28
What is a Performance Obligation?

A. a product code or SKU
B. a combination of customer type and product code
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 # 29
Which method is used to allocate total transaction price across performance obligations in Revenue Management?

A. Two Step Allocation Method
B. Alternative Allocation Method
C. Residual Allocation Method
D. Inverted Allocation Method
E. Relative Allocation Method

Answer: A

NEW QUESTION # 30
......

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