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1. 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?
A) Pricing Dimension Assignment
B) Items
C) Estimated Standalone Selling Prices
D) Observed Standalone Selling Prices
E) SSP Tolerance Usage
2. Which statement is NOT applicable to Performance Obligation Templates?
A) Performance Obligation Templates are specific to the business and cannot be predefined.
B) Performance Obligation Templates can be associated to a Revenue Price Profile.
C) Oracle delivers three predefined Performance Obligation Templates,
D) Performance Obligation Templates take precedence over Performance Obligation Rules.
3. Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
A) You can choose which Transaction Sources in Fusion Receivables integrate to Revenue
B) You can define date filters in order to consider only relevant data needed to comply with the
C) Revenue Management can only integrate to Fusion Receivables.
D) You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
4. Which three tasks are associated with defining a Pricing Dimension Structure?
A) Analyze pricing policies across products and services.
B) Include user friendly prompts for each segment.
C) Assign required segment labels to each segment.
D) Create multiple instances for a given Pricing Dimension Structure.
E) Define up to 20 segments and name them.
F) Define up to 30 segments and name them.
5. Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
A) You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
B) You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
C) You value the accrual at estimated consideration and it is a monetary debt.
D) You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
E) Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
Solutions:
| Question # 1 Answer: A,C,D | Question # 2 Answer: C | Question # 3 Answer: B,C | Question # 4 Answer: A,C,F | Question # 5 Answer: A |
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