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Oracle Revenue Management Cloud Service 2022 Implementation Professional Sample Questions (Q65-Q70):

NEW QUESTION # 65
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

• A. transaction price derived from the source system line import
• B. stand-alone selling price assigned to the promised detail line
• C. revenue recognized for each performance obligation
• D. transaction price distributed to each performance obligation

Answer: D
NEW QUESTION # 66
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

• A. Create a new primary ledger.
• B. Using their existing primary ledger.
• C. Create a secondary ledger.
• D. Create a reporting ledger.

Answer: B
NEW QUESTION # 67
A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:

Which Price Band Segment Label would be appropriate to use in this case?

• A. Deal Size Band
• B. Set Band
• C. Amount Band
• D. Quantity Band

Answer: C
NEW QUESTION # 68
At which level does Oracle Revenue management perform accounting?

• A. Legal entity level
• B. Performance obligation level
• C. Contract level

Answer: B
NEW QUESTION # 69
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 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.
• B. 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.
• C. 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.
• D. 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.

Answer: D
NEW QUESTION # 70
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