Question 1

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

Question 2

Which three attributes are helpful in defining a Contract Identification Rule?

Options :

A : Product Description

B : Quote Number

C : Delivery Address

D : Bill To Customer

E : Ledger

F : Business Unit

Answer: A,B,C

Question 3

You define a Contract Identification Rule that uses the following source document attributes to matchtransaction lines:Bill-to Customer Party IdentifierExtensible Header Character Attribute 4Based the data displayed:How many contracts will be created In Revenue Management?

Options :

A : 3

B : 1

C : 5

D : 0

E : 4

Answer: A

Question 4

Which three statements about Effective Periods are true?

Options :

A : If effective periods are not defined. Revenue Management uses the General Ledger calendar.

B : Effective Periods are used for standalone selling prices and for creating journal entries.

C : Gaps between periods are not allowed.

D : You cannot have overlapping periods.

E : Effective Periods only define the rage where standalone selling prices of an item should be effective.

Answer: A,B,D

Question 5

Given your organization's Interactions with one of Its customers:A consultant is deployed to assist customer on 10-Sep-2017.A Sales order is booked on 14-Sep-2017.The Product is shipped on 15-Sep-2017.An Invoice is issued on 20-Sep-2017.When do you accrue the contract liability?

Options :

A : when the consultant is deployed to assist customer on 10-Sep-2017

B : when the product is shipped on 15-Sep-2017

C : when the sales order Is booked on 14-Sep-2017

D : when an invoice is issued on 20-Sep-2017

Answer: A

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