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A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application. How should you handle this scenario In Revenue Management?
Ignore the performance obligation for the toaster because it was free of cost to the customer.
Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
Create the performance obligation for the toaster manually.
Define an adhoc rule in the Revenue Price Profile to include the toaster.
Which is a term under ASC 606 or IFRS 15?
initial performance event
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?
Identify Customer Contract Based on Party
Identify Customer Contract Based on Source Document Line
Identify Customer Contract Based on Source Document
Identify Customer Contract Based on Source System
Which statement is NOT applicable to Performance Obligation Templates?
Oracle delivers three predefined Performance Obligation Templates,
Performance Obligation Templates are specific to the business and cannot be predefined.
Performance Obligation Templates take precedence over Performance Obligation Rules.
Performance Obligation Templates can be associated to a Revenue Price Profile.
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?
Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
Run the Calculate Observed Standalone Selling Prices program to derive prices.
Which, when transferred to a customer, allows you to recognize revenue?
a performance obligation
Which setup component Is NOT connected to a Revenue Price Profile?
Contract Identification Rules
Source Document Types
Pricing Dimension Segments
Which three statements about Effective Periods are true?
If effective periods are not defined, Revenue Management uses the General Ledger calendar.
Effective Periods are used for standalone selling prices and for creating journal entries.
Gaps between periods are not allowed.
You cannot have overlapping periods.
Effective Periods only define the rage where standalone selling prices of an item should be effective.
Answer: C, D, E
Oracle 1Z0-1018 Exam (Oracle Revenue Management Cloud Service 2018 Implementation Essentials) Detailed Information