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NEW QUESTION 43
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Two Step Allocation Method
- B. Inverted Allocation Method
- C. Alternative Allocation Method
- D. Relative Allocation Method
- E. Residual Allocation Method
Answer: A
NEW QUESTION 44
What is a Performance Obligation?
- A. a promise to a customer
- B. a promise to a customer on which either party has acted
- C. a product code or SKU
- D. a combination of customer type and product code
Answer: A
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2456627
NEW QUESTION 45
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?
- A. Independent
- B. Dependent
- C. Format Only
- D. Table
- E. Subset
Answer: C
NEW QUESTION 46
Which is Not a required piece of information when importing contract header information from a source file?
- A. Currency code of source document
- B. Source Document Type code
- C. Source System
- D. Source Document Unique Identifier Number 1
- E. Record Type
- F. Date of source Document
Answer: D
NEW QUESTION 47
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
In addition to the SSP Value (price) and Currency, which two are required?
- A. Item Identifier
- B. Pricing Dimension
- C. Unit of Measure
- D. Performance Obligation Template
- E. SSP Type
Answer: A,C
Explanation:
Explanation
https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm#FAFRM2339998
NEW QUESTION 48
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?
- A. the Displayed option
- B. whether Dynamic Combination Creation Allowed is enabled
- C. the Query Required option
- D. the value sets
- E. the shape: Same number of segments and order
Answer: B,E
NEW QUESTION 49
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?
- A. The contract is missing standalone selling prices at the promised detail level or at obligation level.
- B. The contract is missing Billing data.
- C. The contract is missing satisfaction events.
- D. The total Transaction Price is over the user-defined threshold amount.
Answer: D
Explanation:
Explanation
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.
NEW QUESTION 50
Why Is Satisfaction Method a key element of a Performance Obligation?
- A. because it calculates the percentage of Total Transaction Price allocated to date
- B. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
- C. because it specifies whether revenue has been fully or partially recognized for a good or service
- D. because it calculates the amount of Total Transaction Price allocated to date
Answer: B
NEW QUESTION 51
The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?
- A. Flat File
- B. PDF
- C. HTML
- D. PowerPoint
Answer: A
NEW QUESTION 52
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by allowing manual allocation of Total Transaction Price across performance obligations
- B. by restricting users from excluding contract lines
- C. by identifying and creating one or more performance obligations for a given accounting contract
- D. by only creating contracts that are source system specific
- E. by calculating Total Transaction Price for contracts
- F. by grouping source document lines intro contracts for each identified customer
Answer: A,D,F
NEW QUESTION 53
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?
- A. Delete Contracts from the Manage Customer Contracts Ul.
- B. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- C. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
- D. Delete the source data that was imported into Revenue Management and import new source data.
- E. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
Answer: C
NEW QUESTION 54
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
- A. Variable Schedule
- B. Daily Revenue Rate, All Periods
- C. Daily Revenue Rate, Partial Periods
- D. Daily Revenue Rate
- E. Partial Schedule
- F. Fixed Schedule
Answer: F
NEW QUESTION 55
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How should you configure Revenue management to ensure that these items are grouped into one performance obligation?
- A. By defining a Contact Identification Rule.
- B. By defining a Performance Obligation Template.
- C. By defining a Standalone Selling Price Profile.
- D. By defining a Revenue Item Group
Answer: D
NEW QUESTION 56
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
- A. Suppliers
- B. Banks, branches and bank accounts
- C. Business Units
- D. Receivables configurations
- E. Customers
- F. Inventory items
Answer: C,E,F
NEW QUESTION 57
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?
- A. Identify Customer Contract Based on Source Document Line
- B. Identify Customer Contract Based on Source Document
- C. Identify Customer Contract Based on Party
- D. Identify Customer Contract Based on Source System
Answer: B
NEW QUESTION 58
What does the creation of an allocation allow you to determine?
- A. the fair value of each performance obligation
- B. the ability not to revise previously reported revenue for revision, corrections, and other changes
- C. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- D. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
Answer: A
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION 59
A pricing dimension segment value combination is one of the factors to determine standalone selling prices.
This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?
- A. a pricing dimension structure
- B. the source document types
- C. pricing bands
- D. a pricing dimension structure instance
Answer: C
NEW QUESTION 60
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