Question 1

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

Options :

A : Contract Asset

B : Contract Price Variance

C : Contract Liability

D : Contract Revenue

E : Contract Expense

F : Contract Clearing

Answer: A

Question 2

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?

Options :

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.

Answer: C

Question 3

What is a Performance Obligation?

Options :

A : a combination of customer type and product code

B : a product code or SKU

C : a promise to a customer on which either party has acted

D : a promise to a customer

Answer: D

Question 4

Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some

required data.

Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when

loading prices for items, memo lines and/or Item groups?

Options :

A : Reason

B : Pricing Dimension

C : Item Identifier

D : Performance Obligation Template

E : Tolerance ranges

F : SSP Type

Answer: A,B

Question 5

Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

Options :

A : your invoiced goods and services less those goods and services that you have not yet delivered

B : your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered

C : Unearned Revenue

D : your debt to customers for goods and services you are obliged to deliver to them by either party acting

Answer: D

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