Oracle Revenue Management Cloud Service 2017 Implementation Essentials

QUESTION NO: 1
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

A. allocates the SSP to various satisfaction events B. creates customer contracts and performance obligations C. allocates the SSP to various performance obligations D. recognizes revenue if any satisfaction events exist E. creates the accounting for the stages in the process

Correct Answer: E

QUESTION NO: 2
Why Is Satisfaction Method a key element of a Performance Obligation?

A. because it determines whether revenue for a good or service is recognized Over Time or Point in Time B. because it calculates the percentage of Total Transaction Price allocated to date 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

Correct Answer: A

QUESTION NO: 3
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

A. when the Satisfaction Measurement Model is set to Amount B. when the Satisfaction Measurement Model Is set to Percentage C. when the Satisfaction Measurement Model is set to Quantity D. when the Satisfaction Measurement Model is set to Period

Correct Answer: D

QUESTION NO: 4
What is a Performance Obligation?

A. a combination of customer type and product code B. a promise to a customer C. a product code or SKU D. a promise to a customer on which either party has acted

Correct Answer: B

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 5
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......

What is the difference between Selling Amount and Allocated Amount?

A. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount. B. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount. C. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload. D. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.

Correct Answer: A

QUESTION NO: 6
Which is NOT a required piece of information when importing contract header Information from a source file?

A. Source Document Type code B. Record Type C. Date of Source Document D. Currency code of source document E. Source Document Unique Identifier Number 1 F. Source System

Correct Answer: E

Oracle Revenue Management Cloud Service 2017 Implementation Essentials - 1z0-974 Exam Questions