Question 1

In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must becompleted.Which two are NOT included in the four step process?

Options :

A : Close the previous period.

B : Review the calculated OSSP.

C : Categorize standalone sales by performance obligation.

D : Approve the OSSP by establishing it.

E : Run the Calculate Observed Standalone Selling Prices program.

F : Run Create Accounting.

Answer: A,C

Question 2

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 calculatestransaction totals, allocations, and creates accounting in the ledger currency.Which two options are available In Revenue Management to convert transaction amounts to the USDcurrency?

Options :

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.

Answer: B,C

Question 3

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

Options :

A : Contract Asset

B : Contract Price Variance

C : Contract Liability

D : Contract Revenue

E : Contract Expense

F : Contract Clearing

Answer: A

Question 4

You define a Performance Obligation Identification Rule that uses the following matching attribute to groupsource document lines:Extensible Line Character Attribute 7Based on the data displayed:How many performance obligations will be created In Revenue Management?

Options :

A : 6

B : 4

C : 5

D : 3

Answer: D

Question 5

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

Options :

A : Inverted Allocation Method

B : Residual Allocation Method

C : Relative Allocation Method

D : Two Step Allocation Method

E : Alternative Allocation Method

Answer: D

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