SOAL RMCS

Which three statements about Effective Periods are true?

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

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

• Gaps between periods are not allowed.

• You cannot have overlapping periods.

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

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?

• Fixed Schedule

• Variable Schedule

• Daily Revenue Rate, All Periods

• Daily Revenue Rate, Partial Periods

• Partial Schedule

How many tabs does the Customer Contract Source Data Import Template have?

• four tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively

• three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively

• two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively

• one tab that stores data for the VRM_SOURCE_DOCUMENTS table

Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items. Which three setup attributes are part of a Standalone Selling Price Profile?

• Observed Standalone Selling Prices

• Estimated Standalone Selling Prices

• Pricing Dimension Assignment

• SSP Tolerance Usage

• Items

Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data. Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?

• Pricing Dimension

• Item Identifier

• Performance Obligation Template

• Tolerance ranges

• SSP Type

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

• Revenue Management can only integrate to Fusion Receivables

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

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

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

 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?

• pricing bands

•  a pricing dimension structure

• the source document types

• a pricing dimension structure instance

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

• Revenue and performance obligation liabilities are not dependent on billing.

• Revenue can be recognized for performance obligations only using the "Point in Time" approach.

• Pricing estimates cannot be used In the absence of pricing data.
  
  

• Expected consideration value is applicable to all industries.

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?

• Whether Dynamic Combination Creation Allowed is enabled
  
  

• The value sets

• The Query Required option

• The Displayed option
  
  

• The shape: Same number of segments and order

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

• Select Conversion Rate Type in the Source Document Type setup.

• Run the Revenue Management translation process.

• Enter Conversion Rate Type in System Options

• Provide currency conversion details in the Revenue Basis Data Import Template.
  
  

• Enter exchange rate information in Standalone Selling Price Profile.