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| Section | Objectives |
|---|---|
| Topic 1: Implementation and Configuration | - Pricing and allocation rules
|
| Topic 2: Revenue Recognition Processing | - Contract processing
|
| Topic 3: Revenue Management Cloud Service Fundamentals | - Core concepts of Revenue Management Cloud
|
| Topic 4: Integration and Reporting | - Reporting and analytics
|
1. Which three tasks can be performed In the Revenue Management Work Area?
A) Review Revenue Price Profiles.
B) Manage contracts in "Pending Allocation" status.
C) Edit Contract Identification Rules.
D) Review Performance Satisfaction Plans.
E) Review Observed Standalone Selling Prices.
F) Manage contracts in "Pending Review" status.
2. What does a Variable Consideration require?
A) an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
B) a disclosure be made to the shareholders
C) an estimate of the consideration be made at inception only
D) that the consideration be monetary
3. 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) Select Conversion Rate Type in the Source Document Type setup.
B) Run the Revenue Management translation process.
C) Enter Conversion Rate Type in System Options.
D) Provide currency conversion details in the Revenue Basis Data Import Template.
E) Enter exchange rate information in Standalone Selling Price Profile.
4. Which method is used to allocate total transaction price across performance obligations in Revenue Management?
A) Alternative Allocation Method
B) Two Step Allocation Method
C) Inverted Allocation Method
D) Relative Allocation Method
E) Residual Allocation Method
5. Which statement Is True regarding the Customer Contract Source Data Import Template?
A) It is a predefined Java FBDI template.
B) It Is a predefined HTML FBDI template.
C) It is a custom template that you are required to build.
D) It is a predefined Excel FBDI template.
Solutions:
| Question # 1 Answer: B,E,F | Question # 2 Answer: C | Question # 3 Answer: B,C | Question # 4 Answer: B | Question # 5 Answer: D |
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