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NEW QUESTION 45
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

• A. These accounts are not relevant to Revenue Management.
• B. If nonexistent, these accounts need to be added to the chart of accounts.
• C. If nonexistent, these accounts are added automatically to the chart of accounts.
• D. These accounts are optional in Revenue Management.

Answer: C

NEW QUESTION 46
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. Approve the OSSP by establishing it.
• B. Run the Calculate Observed Standalone Selling Prices program.
• C. Categorize standalone sales by performance obligation.
• D. Run Create Accounting.
• E. Close the previous period.
• F. Review the calculated OSSP.

Answer: B,C

NEW QUESTION 47
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.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

• A. Enter Conversion Rate Type in System Options.
• B. Enter exchange rate information in Standalone Selling Price Profile.
• C. Select Conversion Rate Type in the Source Document Type setup.
• D. Run the Revenue Management translation process.
• E. Provide currency conversion details in the Revenue Basis Data Import Template.

Answer: A,D

NEW QUESTION 48
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?

• A. Run the Calculate Observed Standalone Selling Prices program to derive prices.
• B. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
• C. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
• D. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

Answer: A

Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm

NEW QUESTION 49
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