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| Topic 1 |
- Configuring Revenue Management: This section evaluates the expertise of Implementation Specialists and System Administrators in setting up the Oracle Revenue Management application. It focuses on configuring system parameters and ensuring that the application aligns with business requirements for effective revenue management.
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| Topic 2 |
- Using Revenue Management Reporting: This section evaluates the expertise of Business Intelligence Analysts and Reporting Specialists in creating OTBI reporting objects and understanding Oracle-delivered reports. It focuses on leveraging reporting tools to analyze revenue data and support decision-making processes.
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| Topic 3 |
- Revenue Management Overview: This section of the exam measures the skills of Revenue Analysts and Financial Consultants in understanding key revenue principles, including the new revenue recognition guidance under ASC 606 and IFRS 15. It also covers the integration of Oracle Revenue Management with other financial systems to ensure seamless operations.
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| Topic 4 |
- Configuring and Managing Standalone Selling Prices: This domain tests the knowledge of Pricing Analysts and Revenue Managers in managing standalone selling prices and related configurations. It includes setting up pricing models and ensuring compliance with revenue recognition standards.
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| Topic 5 |
- Managing Revenue Contracts: This section measures the skills of Contract Managers and ERP Specialists in handling customer contracts, performance obligations, and contract maintenance. It also covers loading data into the application using FBDI templates, processing customer contract source documents, analyzing accounting entries, and navigating the Revenue Management user interface.
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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q78-Q83):
NEW QUESTION # 78
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they are Revenue Management Descriptive Flexfields.
- B. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
- C. Because they provide uniqueness to the Source Document Types.
- D. Because they are needed for integration with Product Management.
Answer: D
NEW QUESTION # 79
What is a Performance Obligation?
- A. a product code or SKU
- B. a promise to a customer
- C. a combination of customer type and product code
- D. a promise to a customer on which either party has acted
Answer: B
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2456627
NEW QUESTION # 80
Oracle Revenue Management is part of_____________________predefined offering.
- A. Fusion Accounting Hub
- B. Enterprise Contracts
- C. Financials
- D. Incentive Compensation
Answer: C
NEW QUESTION # 81
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
- A. These accounts are optional in Revenue Management.
- B. If nonexistent, these accounts are added automatically to the chart of accounts.
- C. If nonexistent, these accounts need to be added to the chart of accounts.
- D. These accounts are not relevant to Revenue Management.
Answer: B
NEW QUESTION # 82
The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?
- A. Sales order header level data.
- B. Sales order line level data.
- C. Sub contract level details.
- D. Performance obligation satisfaction event details.
Answer: D
NEW QUESTION # 83
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