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Free and Premium Oracle 1z0-1059-24 Dumps Questions Answers

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Oracle Revenue Management Cloud Service 2024Implementation Essentials Questions and Answers

Question 1

Which configuration component is Source Document TypeNOTconnected to?

Options:

A.

Revenue Management System Options

B.

Performance Obligation Template

C.

Contract Identification Rules

D.

Revenue Price Profile

E.

Performance Obligation Identification Rules

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Question 2

Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

Options:

A.

your invoiced goods and services less those goods and services that you have not yet delivered

B.

your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered

C.

Unearned Revenue

D.

your debt to customers for goods and services you are obliged to deliver to them by either party acting

Question 3

In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.

Which two areNOTincluded in the four step process?

Options:

A.

Close the previous period.

B.

Review the calculated OSSP.

C.

Categorize standalone sales by performance obligation.

D.

Approve the OSSP by establishing it.

E.

Run the Calculate Observed Standalone Selling Prices program.

F.

Run Create Accounting.

Question 4

Which three tasks are associated with defining a Pricing Dimension Structure?

Options:

A.

Define up to 30 segments and name them.

B.

Define up to 20 segments and name them.

C.

Analyze pricing policies across products and services.

D.

Create multiple instances for a given Pricing Dimension Structure.

E.

Include user friendly prompts for each segment.

F.

Assign required segment labels to each segment.

Question 5

What is a contract modification?

Options:

A.

a change to the contract caused by negotiation with the customer

B.

a revision or correction to the estimate of variable consideration made at inception

C.

a change (modification) to the contract data

D.

an increase or decrease in expected collectability

Question 6

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

Options:

A.

Revenue and performance obligation liabilities are not dependent on billing.

B.

Revenue can be recognized for performance obligations only using the "Point in Time" approach.

C.

Pricing estimates cannot be used In the absence of pricing data.

D.

Expected consideration value is applicable to all industries.

Question 7

Why Is Satisfaction Method a key element of a Performance Obligation?

Options:

A.

because it determines whether revenue for a good or service is recognized Over Time or Point in Time

B.

because it calculates the amount of Total Transaction Price allocated to date

C.

because it calculates the percentage of Total Transaction Price allocated to date

D.

because it specifies whether revenue has been fully or partially recognized for a good or service

Question 8

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which IsNOTa predefined Accounting Class?

Options:

A.

Contract Asset

B.

Contract Price Variance

C.

Contract Liability

D.

Contract Revenue

E.

Contract Expense

F.

Contract Clearing

Question 9

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

Options:

A.

These accounts are optional in 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 not relevant to Revenue Management.

Question 10

Which three tasks can be performed In the Revenue Management Work Area?

Options:

A.

Edit Contract Identification Rules.

B.

Review Observed Standalone Selling Prices.

C.

Manage contracts in "Pending Review" status.

D.

Manage contracts in "Pending Allocation" status.

E.

Review Performance Satisfaction Plans.

F.

Review Revenue Price Profiles.

Question 11

Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.

Which three setup attributes are part of a Standalone Selling Price Profile?

Options:

A.

Observed Standalone Selling Prices

B.

Estimated Standalone Selling Prices

C.

Pricing Dimension Assignment

D.

SSP Tolerance Usage

E.

Items

Question 12

Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue Management, which two reporting objects can users build In the BI catalog?

Options:

A.

Infolets

B.

Dashboards

C.

Infotile

D.

Analysis

Question 13

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance. Which two attributes on the structure instance are inherited from the structure definition?

Options:

A.

Wether Dynamic Combination Creation Allowed is enabled

B.

The value sets

C.

The Query Required option

D.

The Displayed option

E.

The shape: Same nunmber of segments and order

Question 14

You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:

Extensible Line Character Attribute 7

Based on the data displayed:

How many performance obligations will be created In Revenue Management?

Options:

A.

6

B.

4

C.

5

D.

3

Question 15

Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.

Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?

Options:

A.

Reason

B.

Pricing Dimension

C.

Item Identifier

D.

Performance Obligation Template

E.

Tolerance ranges

F.

SSP Type

Question 16

The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.

What would cause a contract to be In the Pending Review tab?

Options:

A.

The total Transaction Price is over the user-defined threshold amount.

B.

The contract is missing standalone selling prices at the promised detail level or at obligation level.

C.

The contract is missing satisfaction events.

D.

The contract is missing Billing data.

Question 17

At which level does Oracle Revenue management perform accounting?

Options:

A.

Legal entity level

B.

Contract level

C.

Performance obligation level

Question 18

A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:

Which Price Band Segment Label would be appropriate to use in this case?

Options:

A.

Amount Band

B.

Deal Size Band

C.

Set Band

D.

Quantity Band

Question 19

Which isNOTa required piece of information when importing contract header Information from a source file?

Options:

A.

Date of Source Document

B.

Source Document Type code

C.

Record Type

D.

Source System

E.

Currency code of source document

F.

Source Document Unique Identifier Number 1

Question 20

One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.

What is the name of this spreadsheet template?

Options:

A.

Customer Contract Source Documents Import

B.

Customer Sales Source Data Import

C.

Customer Contract Source Data Import

D.

Customer Sales Data Source Documents Import

Question 21

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.

Which two attributes on the structure instance are inherited from the structure definition?

Options:

A.

whether Dynamic Combination Creation Allowed is enabled

B.

the shape: Same number of segments and order

C.

the Displayed option

D.

the value sets

E.

the Query Required option

Question 22

How many tabs does the Customer Contract Source Data Import Template have?

Options:

A.

four tabs that store data for the

VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively

B.

three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively

C.

two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively

D.

one tab that stores data for the VRM_SOURCE_DOCUMENTS table

Question 23

Which is NOT a Price Band Type?

Options:

A.

Amount Band

B.

Set Band

C.

Quantity Band

D.

Percentage Band

Question 24

Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.

Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

Options:

A.

Fixed Schedule

B.

Variable Schedule

C.

Daily Revenue Rate, All Periods

D.

Daily Revenue Rate, Partial Periods

E.

Partial Schedule

F.

Daily Revenue Rate

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Total 83 questions