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  5. 1z0-1059-24 - Oracle Revenue Management Cloud Service 2024Implementation Essentials

Oracle 1z0-1059-24 Oracle Revenue Management Cloud Service 2024Implementation Essentials Exam Practice Test

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Oracle Revenue Management Cloud Service 2024Implementation Essentials Questions and Answers

Question 1

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 2

Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would

you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

Options:

A.

by setting SM to "Allow Partial" and SMM to "Quantity"

B.

by setting SM to "Requires Complete" and SMM to "Period"

C.

by setting SM to "Requires Complete" and SMM to "Quantity"

D.

by setting SM to "Requires Complete" and SMM to "Percent"

E.

by setting SM to "Allow Partial" and SMM to "Period"

Question 3

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:

Question # 3

How many performance obligations will be created In Revenue Management?

Options:

A.

6

B.

4

C.

5

D.

3

Question 4

Which two are intended uses for the Standalone Selling Price Report Dashboard?

Options:

A.

Review performance obligations by effective period.

B.

Diagnose revenue price profile.

C.

Drill down to data used to derive standalone selling prices.

D.

Monitor transaction price calculation and allocation.

E.

Analyze standalone selling prices for one or multiple effective periods.

Question 5

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 6

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

Question 7

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 8

The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.

Which output option can you now also choose to assist In handling a large number of records?

Options:

A.

HTML

B.

PowerPoint

C.

Flat File

D.

PDF

Question 9

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 10

Question # 10

Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

Options:

A.

Revenue Management can only integrate to Fusion Receivables.

B.

You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

C.

You can choose which Transaction Sources in Fusion Receivables integrate to Revenue

Management.

D.

You can define date filters in order to consider only relevant data needed to comply with the

new revenue recognition standards.

Question 11

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

Question 12

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?

Options:

A.

By defining a grouping rule on the customer class

B.

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

C.

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

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

Question 13

Why are Source Document TypeCodesrequired when defining Source Document Types?

Options:

A.

Because they are Revenue Management Descriptive Flexfields.

B.

Because they are needed for integration with Product Management.

C.

Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

D.

Because they provide uniqueness to the Source Document Types.

Question 14

You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.

Which attribute needs to be updated to achieve this objective?

Options:

A.

Freeze Period

B.

Default Classification

C.

Source Document Type

D.

Priority

Question 15

Which is Not a required piece of information when importing contract header information from a source file?

Options:

A.

Source System

B.

Source Document Type code

C.

Record Type

D.

Currency code of source document

E.

Source Document Unique Identifier Number 1

F.

Date of source Document

Question 16

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

Question # 16

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 17

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?

Options:

A.

Performance Obligation Satisfied

B.

Performance Obligation Billed

C.

Initial Performance

D.

Revenue Recognized

E.

Standalone Selling Prices Allocated

Question 18

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 19

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 20

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.

Question 21

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 22

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 23

Question # 23

Question # 23

What is the correct match sequence of the descriptions A, B and C against the titles?

Options:

A.

B, C, A

B.

A, C, B

C.

C, B, A

D.

C, A, B

E.

A, B, C

F.

B, A, C

Question 24

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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