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1z0-1059-22 Oracle Revenue Management Cloud Service 2022 Implementation Professional Questions and Answers

Questions 4

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 5

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you

consider that recognition depends on the nature of the contingency? (Choose two)

Options:

A.

Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

B.

Time-based contingencies must not expire before the contingency can be removed and revenue recognized

C.

Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

D.

Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system,or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration

must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

E.

Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

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Questions 6

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 7

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 theyprovide uniqueness to the Source Document Types.

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Questions 8

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?

Options:

A.

Suppliers

B.

Business Units

C.

Customers

D.

Inventory items

E.

Receivables configurations

F.

Banks, branches and bank accounts

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Questions 9

Given your organization's Interactions with one of Its customers:

  • A consultant is deployed to assist customer on 10-Sep-2017.
  • A Sales order is booked on 14-Sep-2017.
  • The Productis shipped on 15-Sep-2017.
  • An Invoice is issued on 20-Sep-2017.

When do you accrue the contract liability?

Options:

A.

when the consultant is deployed to assist customer on 10-Sep-2017

B.

when the product is shipped on 15-Sep-2017

C.

when the sales order Is bookedon 14-Sep-2017

D.

when an invoice is issued on 20-Sep-2017

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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 NOT a Price Band Type?

Options:

A.

Amount Band

B.

Set Band

C.

Quantity Band

D.

Percentage Band

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Questions 12

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

Options:

A.

stand-alone selling price assigned to the promised detail line

B.

transaction price distributed to each performance obligation

C.

transaction price derived from the source system line import

D.

revenue recognized for each performance obligation

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Exam Code: 1z0-1059-22
Exam Name: Oracle Revenue Management Cloud Service 2022 Implementation Professional
Last Update: Feb 19, 2024
Questions: 83