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| Section | Objectives |
|---|---|
| Topic 1: Implementation and Configuration | - Setup and functional configuration
|
| Topic 2: Revenue Recognition Processing | - Revenue recognition events
|
| Topic 3: Revenue Management Cloud Service Fundamentals | - Core concepts of Revenue Management Cloud
|
| Topic 4: Integration and Reporting | - Reporting and analytics
|
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?
Correct Answer: D 🗳️
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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?
Correct Answer: D 🗳️
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
Correct Answer: A,D,E 🗳️
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:
How many performance obligations will be created In Revenue Management?
Correct Answer: B 🗳️
A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?
Correct Answer: D 🗳️
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