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| Section | Objectives |
|---|---|
| Integration and Reporting | - Reporting and analytics
|
| Implementation and Configuration | - Pricing and allocation rules
|
| Revenue Recognition Processing | - Contract processing
|
| Revenue Management Cloud Service Fundamentals | - Revenue standards overview
|
1. 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 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.
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 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.
D) 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.
2. After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?
A) Identify Customer Contract Based on Party
B) Identify Customer Contract Based on Source Document Line
C) Identify Customer Contract Based on Source Document
D) Identify Customer Contract Based on Source System
3. In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?
A) It tracks the difference in a Discount Allocation Account at the contract line level.
B) It tracks the difference In a Discount Allocation Account at the contract level.
C) It tracks the difference in a Write-off Allocation Account at the contract level.
D) It Tracks the difference in a Write-Off Allocation Account at the contract line level.
4. Which two are intended uses for the Standalone Selling Price Report Dashboard?
A) Monitor transaction price calculation and allocation.
B) Review performance obligations by effective period.
C) Diagnose revenue price profile.
D) Drill down to data used to derive standalone selling prices.
E) Analyze standalone selling prices for one or multiple effective periods.
5. In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?
A) Run the Calculate Observed Standalone Selling Prices program.
B) Approve the OSSP by establishing it.
C) Review the calculated OSSP.
D) Categorize standalone sales by performance obligation.
E) Close the previous period.
F) Run Create Accounting.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C,E | Question # 5 Answer: A,D |
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