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NEW QUESTION 22
Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?

A. 90 User Extensible FieldsB. 10 User Extensible FieldsC. 60 User Extensible FieldsD. 50 User Extensible Fields

Answer: B

 

NEW QUESTION 23
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 distributed to each performance obligationB. stand-alone selling price assigned to the promised detail lineC. transaction price derived from the source system line importD. revenue recognized for each performance obligation

Answer: A

 

NEW QUESTION 24
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.B. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.C. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.D. You value the accrual at estimated consideration and it is a monetary debt.E. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.

Answer: E

 

NEW QUESTION 25
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

A. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.B. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.C. Revenue Management can only integrate to Fusion Receivables.D. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

Answer: B,C

 

NEW QUESTION 26
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?

A. IndependentB. Format OnlyC. DependentD. TableE. Subset

Answer: B

 

NEW QUESTION 27
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