Question 1

Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

Options :

A : Revenue Management can only integrate to Fusion Receivables.

B : You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

C : You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

D : You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

Answer: A,D

Question 2

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

Options :

A : You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue

B : You value the accrual at estimated consideration and it is a monetary debt.

C : You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

D : You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

E : Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

Answer: A

Question 3

Why Is Satisfaction Method a key element of a Performance Obligation?

Options :

A : because it determines whether revenue for a good or service is recognized Over Time or Point in Time

B : because it calculates the amount of Total Transaction Price allocated to date

C : because it calculates the percentage of Total Transaction Price allocated to date

D : because it specifies whether revenue has been fully or partially recognized for a good or service

Answer: A

Question 4

Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for RevenueManagement, which two reporting objects can users build In the BI catalog?

Options :

A : Infolets

B : Dashboards

C : Infotile

D : Analysis

Answer: B,D

Question 5

Which three tasks are associated with defining a Pricing Dimension Structure?

Options :

A : Define up to 30 segments and name them.

B : Define up to 20 segments and name them.

C : Analyze pricing policies across products and services.

D : Create multiple instances for a given Pricing Dimension Structure.

E : Include user friendly prompts for each segment.

F : Assign required segment labels to each segment.

Answer: A,C

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