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| Section | Objectives |
|---|---|
| Revenue Management Cloud Service Fundamentals | - Core concepts of Revenue Management Cloud
|
| Integration and Reporting | - Reporting and analytics
|
| Revenue Recognition Processing | - Contract processing
|
| Implementation and Configuration | - Setup and functional configuration
|
1. When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?
A) when the Type is Fixed or Variable
B) when the Deferred Revenue box is checked
C) when Context Values are populated
D) when it is a business requirement
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) revenue recognized for each performance obligation
C) transaction price distributed to each performance obligation
D) transaction price derived from the source system line import
3. 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) SSP Tolerance Usage
B) Estimated Standalone Selling Prices
C) Observed Standalone Selling Prices
D) Items
E) Pricing Dimension Assignment
4. 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) Source Document Unique Identifier Number 1
E) Source System
F) Currency code of source document
5. Which setup component Is NOT connected to a Revenue Price Profile?
A) Source Document Types
B) Contract Identification Rules
C) Items
D) Pricing Dimension Segments
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B,C,E | Question # 4 Answer: D | Question # 5 Answer: A |
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