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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q58-Q63):

NEW QUESTION # 58
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C.
You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?

A. Freeze Period
B. Source Document Type
C. Priority
D. Default Classification

Answer: C

NEW QUESTION # 59
What does a Variable Consideration require?

A. a disclosure be made to the shareholders
B. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
C. that the consideration be monetary
D. an estimate of the consideration be made at inception only

Answer: D

Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)

NEW QUESTION # 60
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?

A. Freeze Period
B. Source Document Type
C. Priority
D. Default Classification

Answer: C

NEW QUESTION # 61
Which statement Is True regarding the Customer Contract Source Data Import Template?

A. It is a custom template that you are required to build.
B. It is a predefined Java FBDI template.
C. It Is a predefined HTML FBDI template.
D. It is a predefined Excel FBDI template.

Answer: D

NEW QUESTION # 62
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. Daily Revenue Rate, Partial Periods
B. Daily Revenue Rate
C. Partial Schedule
D. Fixed Schedule
E. Daily Revenue Rate, All Periods
F. Variable Schedule

Answer: D

NEW QUESTION # 63
......

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