Oracle Fusion Cloud Financials: Revenue Management Fundamentals

Oracle Fusion Cloud Financials: Revenue Management Fundamentals Overview

• Course Objectives
• Lesson Objectives
• Introduction to Oracle Cloud Applications
• Oracle Cloud Applications Product Families
• Oracle Financials Cloud: Overview
• Financials Cloud: Key Features
• Why Do You Need Oracle Revenue Management Cloud?
• ASC 606 and IFRS 15: Revenue Principles
• Who Must Adopt and When Must You Adopt the Revenue Standard
• What Has Changed: A Comparison
• Performance Obligation Accounting Example
• What is a Performance Obligation?
• Revenue Management Features
• Oracle Revenue Cloud Overview
• Revenue Management Process Flow
• Working Example Overview
• Extract, Transform, and Load: Import Contract Data
• Standalone Selling Prices and Other Amounts on Customer Contracts
• Example
• Managing Standalone Selling Prices Overview
• The Five Key Steps to Revenue Recognition
• Transition Requirements
• Transition Ledger Strategy using EBS: Pre-Cutover
• Transition Ledger Strategy using EBS: Cutover and Subsequently
• Transition Ledger Strategy using Cloud Financials: Pre-Cutover
• Transition Ledger Strategy using Cloud Financials: Cutover and Subsequently
• Summary

Integrating with Revenue Management

• Objectives
• Integrations Overview
• Inbound Integration using ETL: Import Contract Data
• Integration with E-Business Suite
• Steps to Configure Your E-Business Suite System
• Apply Patches to Oracle EBS
• Receivables System Options to Enable Integration
• Setting the Profile Option AR: Source System Value for Revenue Management
• Extracting Revenue Lines from EBS
• Importing the Revenue Data File to Revenue Management
• Oracle Cloud Applications Integration
• Predefined Receivables Source Document Type
• Setting Up System Options for Integration with Receivables
• Predefined Contracts Source Document Type
• Setting Up System Options for Integration with Project Financial Management
• Revenue Management Integration with Subscription Management Cloud
• Predefined Subscription Management Source Document Type
• Setting Up System Options for Subscription Management
• Revenue Recognition for Subscriptions Originated from OM and Managed by Subscription Management
• Integrating Revenue Management with Order Management and Supply Chain
• Cost Management
• Supply Chain Management Data Flow
• Setups for Integration with SCM
• Running the Extract Revenue Basis Data from Oracle Fusion Applications
• Process
• Process Historical Data
• 3rd Party Integration Using File Based Data Import
• Automated Integration with 3rd Party Applications
• Correcting Import Errors
• Registering a Source System
• Master Data Interface
• Practice Overview: Creating Items and Their Spoke System Relationship
• Outbound Integration: Journals
• Setups in the Cloud for Outbound Integration with EBS General Ledger
• Summary

Configuring Revenue Management

• Objectives
• Revenue Management Configurations Overview
• Common Revenue Management Configurations Overview
• Performance Satisfaction Plan Types
• Define Revenue Scheduling Rules and Performance Satisfaction Plans
• Practice Overview: Defining a Performance Satisfaction Plan
• Define Source Document Types
• Define Source Document Type Codes
• Demonstration Overview: Defining Source Document Type Codes
• Practice Overview: Defining Source Document Types
• Revenue Management System Options
• Demonstration Overview: Updating Revenue Management System Options
• Implementation Decision Points
• Defining Revenue Contracts With Customers Overview
• Creating Contract Identification Rules
• Contract Identification Rule Example
• Practice Overview: Creating Contract Identification Rules
• Revenue Allocation and Recognition in Transaction Currency
• Allocation Currency Basis
• Foreign Currency Treatment Designation
• Application of Conversion Rates and Thresholds
• Impact on Accounting
• General Ledger Revaluation
• Impact on User Interface
• Creating Performance Obligation Identification Rules
• Performance Obligation Identification Rule Example
• Practice Overview: Creating Performance Obligation Identification Rules
• Reference Information for Contracts and Performance Obligations
• Using the Reference Information Field
• Defining Performance Obligation Templates
• Defining Implied Performance Obligation Templates
• Summary

Configuring and Managing Standalone Selling Prices

• Objectives
• Standalone Selling Prices and Other Amounts on Customer Contracts Overview
• Standalone Selling Prices Overview
• Standalone Selling Prices Analysis
• Managing Standalone Selling Prices Overview
• Pricing Dimensions Overview
• Pricing Dimension Structure Overview
• Pricing Dimension Flexfield Structure Components
• What Is a Value Set?
• Defining Values
• Defining Pricing Dimension Structures
• Assigning Segment Labels
• Price Bands Segment Label Examples
• Defining Pricing Dimension Structure Instances
• Practice Overview: Creating Value Sets, a Pricing Dimension Structure, and
• an Instance
• Defining Price Bands
• Amount Price Band Example
• Quantity Price Band Example
• Set Price Band Example
• Defining Pricing Dimension Assignments
• Pricing Dimension Assignment Based on Additional Amount Band Segment
• Values
• Practice Overview: Defining a Pricing Dimension Assignment
• Defining Revenue Item Groups
• Defining Standalone Selling Price Effective Periods
• Standalone Selling Price Profile Overview
• Defining Standalone Selling Price Profiles
• Coverage Period and Effective Period
• Defining Standalone Selling Price Profiles
• Practice Overview: Defining a Standalone Selling Price Profile
• Manage Estimated Selling Prices Using Spreadsheets
• Creating Standalone Selling Prices
• Automatically Assigning Items to Standalone Selling Price Profiles
• Manage Standalone Selling Prices
• Estimating Standalone Selling Price Using Residual Approach per ASC and
• IRFS 15
• Practice Overview: Creating Standalone Selling Prices
• Practice Overview: Verifying the Standalone Selling Prices Calculated
• Observed Standalone Selling Prices Process Flow
• Assign Standalone Selling Prices Through Revenue Basis Data Import FBDI
• Revenue Allocation When Using Standalone Selling Price Ranges
• How Revenue Allocation is Done When Using Standalone Selling Price
• Ranges
• Changed Business Objects in Create SSP Spreadsheet
• Standalone Selling Price Policy for Ranges
• Manage Standalone Selling Prices in Spreadsheet
• Changed Business Objects in Manage Customer Contracts Page
• Standalone Selling Prices in One Reference Currency
• Reference Currency for SSPs Region in Manage System Options
• Reference Currency in Edit Customer Contracts Page
• Summary

Customer Source Document Data

• Objectives
• Revenue Management Process Flow
• Overview of Contract Management
• Revenue Contracts Defined
• Data Requirements for Contract Creation and Completion
• Using the File Based Data Import Template: Customer Contract Source
• Documents
• Where to Download the FBDI Templates
• Descriptions on the Revenue Basis Data and Billing Data Import Templates
• Uploading Customer Contract Source Documents Using Excel
• Customer Contract Source Documents Tab
• Customer Contract Source Document Lines Tab
• Allow Override of Currency Conversion Details for Revenue Contract Lines
• VRM_SOURCE_DOCUMENTS and Currency Conversion Details
• Additional Control of Currency Conversion
• Contract and Performance Obligation
• Customer Contract Detail: Performance Obligations Tab
• Customer Contract Detail: Promised Details Tab
• Customer Contract Source document Sub Lines Tab
• Customer Contract Detail: Line Reference Details Sub Tab
• Processing the Customer Contract Source Documents
• Practice Overview: Processing Customer Contract Source Documents from a
• Spreadsheet
• Running the Validate Customer Contract Source Data Process
• Demonstration Overview: Running the Validate Customer Contract Source
• Data Process
• Subscription Duration and Price Periodicity for Promised Services in Revenue
• Contracts
• Integration with Revenue Management
• Unit Standalone Selling Price Based on Service Duration and Price Periodicity
• Manage Customers Contract Page
• Impact on Prior created Contracts
• Error Handling
• Revenue Recognition Upon Fulfillment of Additional Events
• Additional Satisfaction Event Rules Configuration
• Fulfill Additional Satisfaction Event Rules Using Revenue Basis Data Import
• Configuration
• Summary

Contract Identification and User Interface

• Objectives
• The Five Key Steps to Revenue Recognition
• Mapping the Five Steps to Revenue Management Setups
• Running the Identify Customer Contracts Process
• Step 1: Identify Accounting Contracts Example
• Step 2: Identify Performance Obligations Example
• Steps 3 and 4: Determine and Allocate Transaction Price Example
• Step 5: Recognize Revenue When Obligations Are Satisfied
• Correct Contract Document Errors in Spreadsheet
• Demonstration Overview: Running the Identify Customer Contracts Process
• Overview of Contract Management User Interface
• Pending Review Tab
• Manual Review Required Column on the Customer Contracts Source Data
• Import Template
• Pending Allocation Tab
• Pending Revenue Recognition Tab
• Manage Contracts Page
• Review Contracts
• Review Performance Obligations
• Review Promised Details
• Review Satisfaction Events and References
• Summary

Contract Maintenance

• Objectives
• Automatic Renewal of Revenue Contracts
• Automatically Clear Residual Contract Account Balances for Fully Satisfied
• Contracts
• Manage System Options for Revenue Management
• Residual Account Balance Write-Off Process
• Manage Customer Contracts
• Residual Balance Clearing for Transaction Currency Revenue Recognition
• Import Additional Satisfaction Events for Period-Based Revenue Contracts for
• Fixed and Variable Schedules
• Practice Overview: Using the Revenue Management Work Area
• Uploading Billing Data
• Ability to Clear Balances for Zero Price Transaction Line Without Bill
• Practice Overview
• Contract Revisions
• Revision Intent Type
• Discard Customer Contracts
• Changes to Allocated Revenue on Open Performance Obligations due to
• Immaterial Changes
• Changes to Allocated Revenue on Open Performance Obligations due to
• Immaterial Changes
• Update Descriptive Attributes on Revenue Contracts without Invoking Contract Modifications
• Immaterial Change on Contracts Denominated in Non-Ledger Currency
• Impact on Source Document Type and Customer Contract Pages
• Currency Conversion for Immaterial Change
• Prospective Accounting Treatment for Immaterial Price Changes – Example of
• a Customer Contract
• Prospective Accounting Treatment for Immaterial Price Changes – Impact of
• Prospective Accounting
• Prospective Accounting Treatment for Immaterial Price Changes of Subscription
• Products
• Subscription Management Actions with Prospective Accounting Option

Prospective Accounting Treatment for Performance Obligations Using Point in Time

• Revenue Recognition
• Devolve Performance Obligations Associated with Revenue Contracts
• Devolve at Inception
• Impact of Returns and Revisions
• Devolve Performance Obligations Associated with Revenue Contracts
• Devolve a Performance Obligation – Setup Detail
• Business Events for Managing Revenue Contracts
• Business Events Supported by Revenue Management
• Attributes in the Payload for Revenue Contract Batch Creates
• Contract Freeze Override for Revenue Accounting Contracts
• Updating the Freeze Date of Contracts in Bulk
• Summary

Contract Accounting

• Objectives
• Accounting in Contract Management
• Scenario
• Scenario: Plan Details
• Scenario: Accounting Process
• Accounting: Performance Obligations
• Accounting: Integration with Subledger Accounting and General Ledger
• Accounting: Predefined Accounting Classes
• Accounting: Predefined Journal Line Rules
• Accounting: Predefined Events
• Revision Intent as a Source for Subledger Accounting Rules
• Item Attributes as a Source for Subledger Accounting Rules
• View Consolidated Account Activity for Revenue Contract Group
• Demonstration Overview: Running the Recognize Revenue of Customer
• Contracts Process
• Revenue Management Transaction Sweep
• Summary

Reporting

• Objectives
• Reporting for Revenue Management
• Oracle Analytics Publisher Report: Revenue Contract Account Activities Report
• Output Options for the Revenue Contract Account Activities Report
• Practice Overview: Running the Revenue Contract Account Activities Report
• Oracle Transactional Business Intelligence: Standalone Selling Price Report Dashboard
• Reports and Analytics User Interface
• BI Catalog User Interface
• Oracle Transactions BI Objects and Related Icons
• Subject Areas
• Transactional Business Intelligence Subject Areas for Revenue Management
• Column Data Structure for Analytics
• Analysis
• BI Composer Overview
• Oracle Transactional BI Answers
• Dashboards Overview
• Oracle Transactional Business Intelligence: Open Performance Obligation
• Report Dashboard
• Summary