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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Revenue Reporting and Analytics | 22% | - Monitor and reconcile revenue balances and accounting data - Generate standard and custom revenue reports - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting - Build analyses, dashboards, and infolets for revenue data |
| Topic 2: Revenue Contracts and Performance Obligations | 24% | - Create and manage revenue contracts and contract modifications - Handle contract assets, liabilities, and billing events - Allocate transaction price to performance obligations - Identify and define performance obligations and distinct goods/services |
| Topic 3: Revenue Recognition and Accounting Rules | 26% | - Configure accounting configurations, journal entries, and accounting methods - Manage allocation and measurement of transaction prices - Define and manage revenue recognition rules and schedules - Understand and apply ASC 606 / IFRS 15 standards |
| Topic 4: Revenue Management Implementation and Setup | 28% | - Set up standalone pricing and pricing dimension structures - Configure Revenue Management application components - Define system options, parameters, and reference data - Configure integration with Oracle Financials Cloud and other modules |
1. Which configuration component is Source Document Type NOT connected to?
A) Revenue Price Profile
B) Contract Identification Rules
C) Performance Obligation Identification Rules
D) Performance Obligation Template
E) Revenue Management System Options
2. Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
A) stand-alone selling price assigned to the promised detail line
B) transaction price derived from the source system line import
C) transaction price distributed to each performance obligation
D) revenue recognized for each performance obligation
3. Which is NOT a Price Band Type?
A) Amount Band
B) Quantity Band
C) Set Band
D) Percentage Band
4. Which three attributes are helpful in defining a Contract Identification Rule?
A) Ledger
B) Business Unit
C) Bill To Customer
D) Quote Number
E) Product Description
F) Delivery Address
5. Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
A) recognizes revenue if any satisfaction events exist
B) allocates the SSP to various performance obligations
C) creates the accounting for the stages in the process
D) allocates the SSP to various satisfaction events
E) creates customer contracts and performance obligations
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: D,E,F | Question # 5 Answer: C |
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