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1. Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
A) Banks, branches and bank accounts
B) Receivables configurations
C) Suppliers
D) Inventory items
E) Business Units
F) Customers
2. What is a contract modification?
A) a change (modification) to the contract data
B) a revision or correction to the estimate of variable consideration made at inception
C) an increase or decrease in expected collectability
D) a change to the contract caused by negotiation with the customer
3. 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) Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
B) Run the Calculate Observed Standalone Selling Prices program to derive prices.
C) Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
D) Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
4. Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
A) Contract Asset
B) Contract Liability
C) Contract Revenue
D) Contract Price Variance
E) Contract Expense
F) Contract Clearing
5. Which, when transferred to a customer, allows you to recognize revenue?
A) a performance obligation
B) promise detail
C) an invoice
D) a shipment
Solutions:
| Question # 1 Answer: D,E,F | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: E | Question # 5 Answer: A |
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