1Z0-1059-24 by Oracle Actual Free Exam Questions And Answers

Question 1

Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

A. transaction price distributed to each performance obligation

B. transaction price derived from the source system line import

C. revenue recognized for each performance obligation

D. stand-alone selling price assigned to the promised detail line

Discussion 0

Correct Answer: A Vote an answer

Question 2

Which setup Is required to enable integration between Order Management and Revenue Management?

A. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.

B. Add Order Management in the Manage Trading Community Source Systems page.

C. Create custom program to extract sales order and fulfillment data from Order Management.

D. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.

E. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.

F. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.

Discussion 0

Correct Answer: E Vote an answer

Question 3

A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?

A. Dependent

B. Independent

C. Format Only

D. Subset

E. Table

Discussion 0

Correct Answer: C Vote an answer

Question 4

What is a contract modification?

A. a change (modification) to the contract data

B. an increase or decrease in expected collectability

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

D. a change to the contract caused by negotiation with the customer

Discussion 0

Correct Answer: D Vote an answer

Question 5

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

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

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

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

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

Discussion 0

Correct Answer: D Vote an answer

Question 6

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?

A. Customer Contract Source Documents Import

B. Customer Sales Data Source Documents Import

C. Customer Sales Source Data Import

D. Customer Contract Source Data Import

Discussion 0

Correct Answer: D Vote an answer

Question 7

A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

A. Select Conversion Rate Type in the Source Document Type setup.

B. Provide currency conversion details in the Revenue Basis Data Import Template.

C. Enter exchange rate information in Standalone Selling Price Profile.

D. Enter Conversion Rate Type in System Options.

E. Run the Revenue Management translation process.

Discussion 0

Correct Answer: D,E Vote an answer

Question 8

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?

A. The shape: Same nunmber of segments and order

B. Wether Dynamic Combination Creation Allowed is enabled

C. The Query Required option

D. The Displayed option

E. The value sets

Discussion 0

Correct Answer: A,E Vote an answer

Question 9

65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

B. By defining a grouping rule on the customer class

C. By defining an exclusion rule to exclude customer classes that are "Retail"

D. By defining an item group and assigning that to the rule

E. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

Discussion 0

Correct Answer: E Vote an answer

Oracle Revenue Management Cloud Service 2024 Implementation Professional - 1Z0-1059-24 Exam Practice Test

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