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Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions:

1. What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

A) Expected consideration value is applicable to all industries.
B) Revenue and performance obligation liabilities are not dependent on billing.
C) Pricing estimates cannot be used In the absence of pricing data.
D) Revenue can be recognized for performance obligations only using the "Point in Time" approach.

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

A) when a source document type is enabled to use pricing bands
B) when a pricing dimension structure Instance Is enabled for pricing bands
C) when a value set segment label of Set Band is used
D) when a pricing dimension structure is enabled for pricing bands

3. 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?

A) The contract is missing satisfaction events.
B) The contract is missing Billing data.
C) The total Transaction Price is over the user-defined threshold amount.
D) The contract is missing standalone selling prices at the promised detail level or at obligation level.

4. In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?

A) Close the previous period.
B) Approve the OSSP by establishing it.
C) Categorize standalone sales by performance obligation.
D) Run Create Accounting.
E) Run the Calculate Observed Standalone Selling Prices program.
F) Review the calculated OSSP.

5. The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?

A) PDF
B) PowerPoint
C) HTML
D) Flat File

Solutions: