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  5. Oracle Revenue Management Cloud Service 2024Implementation Essentials Questions and Answers

1z0-1059-24 Sample Questions Answers

Questions 4

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

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Questions 5

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

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Questions 6

The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….

What is the difference between Selling Amount and Allocated Amount?

Options:

A.

The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.

B.

The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.

C.

The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.

D.

The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.

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Questions 7

Which is NOT a predefined Accounting Class for Revenue Management?

Options:

A.

Contract Discount

B.

Contract Liability

C.

Contract Unearned Revenue

D.

Contract Asset

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Questions 8

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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Questions 9

The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.

What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?

Options:

A.

Performance obligation satisfaction event details.

B.

Sales order header level data.

C.

Sub contract level details.

D.

Sales order line level data.

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Questions 10

A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?

Options:

A.

Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.

B.

Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

C.

Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.

D.

Run the Calculate Observed Standalone Selling Prices program to derive prices.

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Questions 11

Which is a term under ASC 606 or IFRS 15?

Options:

A.

transaction price

B.

promise detail

C.

initial performance event

D.

requires complete

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Questions 12

Given the Identify Customer Contracts Job set performs many different processes, which action IsNOTperformed by this job set?

Options:

A.

allocates the SSP to various satisfaction events

B.

creates the accounting for the stages in the process

C.

allocates the SSP to various performance obligations

D.

recognizes revenue if any satisfaction events exist

E.

creates customer contracts and performance obligations

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Questions 13

What does a Variable Consideration require?

Options:

A.

an estimate of the consideration be made at inception only

B.

that the consideration be monetary

C.

an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized

D.

a disclosure be made to the shareholders

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Questions 14

What does the creation of an allocation allow you to determine?

Options:

A.

the ability not to revise previously reported revenue for revision, corrections, and other changes

B.

the fair value of each performance obligation

C.

the maximum amount of revenue you can recognize soonest, postponing the minimum until later

D.

an allocation of the expected consideration over the performance obligations as if you had sold them separately

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Questions 15

In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

Options:

A.

It tracks the difference in a Discount Allocation Account at the contract line level.

B.

It tracks the difference in a Write-off Allocation Account at the contract level.

C.

It tracks the difference In a Discount Allocation Account at the contract level.

D.

It Tracks the difference in a Write-Off Allocation Account at the contract line level.

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Questions 16

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.

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Questions 17

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.

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Questions 18

Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?

Options:

A.

Void contract

B.

Preserve contract

C.

Reject line

D.

Reverse line

E.

Reject contract

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Questions 19

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

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Questions 20

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

Options:

A.

when a pricing dimension structure is enabled for pricing bands

B.

when a source document type is enabled to use pricing bands

C.

when a pricing dimension structure Instance Is enabled for pricing bands

D.

when a value set segment label of Set Band is used

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Questions 21

What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

Options:

A.

Create a reporting ledger.

B.

Create a new primary ledger.

C.

Create a secondary ledger.

D.

Using their existing primary ledger.

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Questions 22

Which three attributes are helpful in defining a Contract Identification Rule?

Options:

A.

Product Description

B.

Quote Number

C.

Delivery Address

D.

Bill To Customer

E.

Ledger

F.

Business Unit

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Questions 23

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.

What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

Options:

A.

Create source document types specifically for Euro documents.

B.

Populate exchange rates in Revenue Price Profile.

C.

Populate Conversion Rate Type in System Options.

D.

Create revenue prices in the Euro currency.

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Questions 24

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?

Options:

A.

By defining a Revenue Item Group

B.

By defining a Standalone Selling Price Profile.

C.

By defining a Performance Obligation Template.

D.

By defining a Contact Identification Rule.

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Exam Code: 1z0-1059-24
Exam Name: Oracle Revenue Management Cloud Service 2024Implementation Essentials
Last Update: Apr 1, 2025
Questions: 83
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