Exam for engine

QUESTION 13
Which three statements about Effective Periods are true?

QUESTION 14
Which method is used to allocate total transaction price across performance obligations in Revenue Management?

QUESTION 15
Which is NOT a Price Band Type?

QUESTION 16
Which statement Is True regarding the Customer Contract Source Data Import Template?

QUESTION 17
How many tabs does the Customer Contract Source Data Import Template have?

QUESTION 18
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?

QUESTION 19
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

QUESTION 20
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?

QUESTION 21
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….

What is the difference between Selling Amount and Allocated Amount?

QUESTION 22
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

QUESTION 23
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

QUESTION 24
You define a Contract Identification Rule that uses the following source document attributes to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:

How many contracts will be created In Revenue Management?

QUESTION 25
Which three tasks can be performed In the Revenue Management Work Area?

QUESTION 26
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?

QUESTION 27
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

QUESTION 28
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C.
You then decide that Rule C needs to be the first rule executed when the “Identify Customer Contracts” process runs.
Which attribute needs to be updated to achieve this objective?

QUESTION 29
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?

QUESTION 30
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

QUESTION 31
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)

QUESTION 32
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?

QUESTION 33
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

QUESTION 34
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

QUESTION 35
65-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 would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

QUESTION 36
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?