Oracle Revenue Management Cloud Service 2021 Implementation Essentials - 1Z0-1059-21 Exam Practice Test
What does the creation of an allocation allow you to determine?
Correct Answer: A
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Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
Correct Answer: A
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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?
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?
Correct Answer: A,B,C
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Which three attributes are helpful in defining a Contract Identification Rule?
Correct Answer: B,C,D
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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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?
Correct Answer: B
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Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
Correct Answer: C
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Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
Correct Answer: C,E,F
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Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
Correct Answer: C,D,E
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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?
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
Correct Answer: B
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