Revenue Management integrates with sources like Receivables, Projects, and Order Management. These applications provide revenue basis data that is critical for creating and managing revenue contracts in compliance with revenue recognition rules. What is the purpose of the Identify Customer Contracts process in Oracle Revenue Management?
Explanation: Revenue allocation in Oracle is driven by the standalone selling prices assigned to each performance obligation. Allocation amounts ensure accurate distribution of the transaction price in accordance with ASC 606. How are standalone selling prices used in Oracle Revenue Management?
B. Delivery confirmation or satisfaction of performance obligation C. Invoice matching D. Payment from customer Explanation: Revenue is recognized when a performance obligation is satisfied, either at a point in time or over time. Oracle uses event -based triggers to determine the appropriate time for revenue recognition. Which of the following does not directly affect revenue allocation in Oracle Revenue Management?
