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What is a Standalone Selling Price (SSP)?

A.

the average of your bundled price

B.

the sum of the SSPs of the components

C.

the list price

D.

the price you would use if you sold to a customer separately

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

A.

when a pricing dimension structure is enabled for pricing bands

B.

when a source document type is enabled to use pricing bands

C.

when a pricing dimension structure Instance Is enabled for pricing bands

D.

when a value set segment label of Set Band is used

Which statement is NOT applicable to Performance Obligation Templates?

A.

Oracle delivers three predefined Performance Obligation Templates,

B.

Performance Obligation Templates are specific to the business and cannot be predefined.

C.

Performance Obligation Templates take precedence over Performance Obligation Rules.

D.

Performance Obligation Templates can be associated to a Revenue Price Profile.

What does the creation of an allocation allow you to determine?

A.

the ability not to revise previously reported revenue for revision, corrections, and other changes

B.

the fair value of each performance obligation

C.

the maximum amount of revenue you can recognize soonest, postponing the minimum until later

D.

an allocation of the expected consideration over the performance obligations as if you had sold them separately

Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

A.

Performance Obligation Satisfied

B.

Performance Obligation Billed

C.

Initial Performance

D.

Revenue Recognized

E.

Standalone Selling Prices Allocated

Given the Identify Customer Contracts Job set performs many different processes, which action IsNOTperformed by this job set?

A.

allocates the SSP to various satisfaction events

B.

creates the accounting for the stages in the process

C.

allocates the SSP to various performance obligations

D.

recognizes revenue if any satisfaction events exist

E.

creates customer contracts and performance obligations

A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.

What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

A.

Create source document types specifically for Euro documents.

B.

Populate exchange rates in Revenue Price Profile.

C.

Populate Conversion Rate Type in System Options.

D.

Create revenue prices in the Euro currency.

Which three statements about Effective Periods are true?

A.

If effective periods are not defined. Revenue Management uses the General Ledger calendar.

B.

Effective Periods are used for standalone selling prices and for creating journal entries.

C.

Gaps between periods are not allowed.

D.

You cannot have overlapping periods.

E.

Effective Periods only define the rage where standalone selling prices of an item should be effective.

Which is NOT a Price Band Type?

A.

Amount Band

B.

Set Band

C.

Quantity Band

D.

Percentage Band

65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you

configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A.

By defining a grouping rule on the customer class

B.

By defining an exclusion rule to exclude customer classes that are "Retail"

C.

By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

D.

By defining an item group and assigning that to the rule

E.

By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute