Infosys Certified Oracle Revenue Cloud Consultant
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Join Premium10 Infosys Certified Oracle Revenue Cloud Consultant practice questions with answers
Real Lex exam-pattern multiple-choice questions for the Infosys Certified Oracle Revenue Cloud Consultant certification. Each question includes the correct answer. The full question bank is available to Premium members.
- Question 1
During Validate Customer Contract process, there are few errors. What is the process of correcting the errors?
- ✓
The errors can be corrected using Correct Contract Doc Error Spreadsheet
Correct - B
The errors can be corrected manually for each contract by navigating to Manage Customer Contract page
- C
The errors coming in the Validate Customer Contract process cannot be corrected
- D
Both 1 and 2
- ✓
- Question 2
Identify three sections that are a part of Revenue Management Dashboard:
- ✓
Contracts Requiring Attention
Correct - B
Observed Standalone Selling Prices Requiring Attention
- C
Process Monitor
- D
Revenue Management periods
- ✓
- Question 3
Which setups need to be completed so that for an accounting contract, Source Document Lines are being grouped automatically into performance obligations?
- ✓
Create Contract Identification Rules
Correct - B
Create Performance Obligation Identification Rules
- C
Manage Revenue System Options
- D
Create Source Document Type
- ✓
- Question 4
Manage Standalone Selling Price spreadsheet can be used for various purposes. Select three options which are correct?
- ✓
Review uploaded Standalone Selling price for each performance obligation in a particular period
Correct - B
Analyze Standalone Selling price across period
- C
Create a new Standalone Selling Purpose
- D
Change Standalone Selling Price that were manually uploaded.
- ✓
- Question 5
Which three parameters are mandatory for running Identify Customer Contracts Process?
- ✓
Accounting Mode
Correct - B
Accounting End date
- C
Report Style
- D
Ledger
- ✓
- Question 6
What are the three pre-requisites for creating Standalone Selling price for a performance Obligation in system?
- ✓
Items or Performance Obligations should have been added
Correct - B
Standalone Selling price profile should have been created
- C
Pricing Dimension Assignments setups should have been completed
- D
Performance obligation identification rules should have been configured
- ✓
- Question 7
What would be the Accounting entry for 'When a PO with Satisfaction Method of “Require Complete” is fully satisfied'?
- ✓
Contract Liability Account is debited and Contract Revenue Account is credited
Correct - B
Contract Revenue Account is debited and Contract Liability Account is credited
- C
Contract Asset Account is debited and Contract Liability Account is credited
- D
Contract Liability Account is debited and Contract Asset Account is credited
- ✓
- Question 8
Your organization is offering a promotional service plan, which consists of a one-year wireless contract that converts to a month to month contract at the rate of $60 for Talk and Text, and $40 for Unlimited Data after the one-year wireless services are completed on May 31, 2017. The services are renewed each month until the customer explicitly terminates the contract. What additional values will be given in Talk and Text line:
- ✓
Recurring indicator as Y, Recurring frequency as 1, Recurring Pattern as MO and Recurring amount as 60.
Correct - B
Recurring indicator as N, Recurring frequency as 1, Recurring Pattern as MO and Recurring amount as 60.
- C
Recurring indicator as Y, Recurring frequency as 12, Recurring Pattern as MO and Recurring amount as 40.
- D
Recurring indicator as Y, Recurring frequency as 12, Recurring Pattern as YR and Recurring amount as 60.
- ✓
- Question 9
Company A is a Telecom Company and it wants to have a two different contract asset account for its Prepaid and Postpaid Customers. Company A want to know if it possible to have two different Contract Asset Account in Revenue Management?
- ✓
No, it is not possible
Correct - B
Yes, it is possible by configuring two different Contract Asset Account in Revenue System Options
- C
Yes, it is possible by configuring Custom SLA
- D
None of the above
- ✓
- Question 10
Which three are the mandatory grouping attributes which need to be provided while creating Contract Identification Rules?
- ✓
Source Document Type
Correct - B
Source Document Attribute
- C
Matching Group
- D
Copy to Reference
- ✓
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