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1z0-1059-24 Oracle Revenue Management Cloud Service 2024Implementation Essentials Questions and Answers

Questions 4

Which statement is NOT applicable to Performance Obligation Templates?

Options:

A.

Oracle delivers three predefined Performance Obligation Templates,

B.

Performance Obligation Templates are specific to the business and cannot be predefined.

C.

Performance Obligation Templates take precedence over Performance Obligation Rules.

D.

Performance Obligation Templates can be associated to a Revenue Price Profile.

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Questions 5

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 6

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

1z0-1059-24 Question 6

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

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

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Questions 8

Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

Options:

A.

These accounts are optional in Revenue Management.

B.

If nonexistent, these accounts need to be added to the chart of accounts.

C.

If nonexistent, these accounts are added automatically to the chart of accounts.

D.

These accounts are not relevant to Revenue Management.

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Questions 9

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 10

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 11

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which IsNOTa predefined Accounting Class?

Options:

A.

Contract Asset

B.

Contract Price Variance

C.

Contract Liability

D.

Contract Revenue

E.

Contract Expense

F.

Contract Clearing

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Questions 12

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 Product is 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 booked on 14-Sep-2017

D.

when an invoice is issued on 20-Sep-2017

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Questions 13

When is it required to populate a value forPerformance Satisfaction PlanIn a Source Document Type?

1z0-1059-24 Question 13

Options:

A.

when the Satisfaction Measurement Model is set to Amount

B.

when the Satisfaction Measurement Model is set to Period

C.

when the Satisfaction Measurement Model is set to Quantity

D.

when the Satisfaction Measurement Model Is set to Percentage

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Questions 14

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 15

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 16

Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?

Options:

A.

General Ledger account derivation based on predefined events

B.

centralized accounting solution

C.

General Ledger journal creation

D.

multiple accounting representations

E.

revaluation of assets and liabilities

F.

stand-alone selling price derivation

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Questions 17

In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.

Which two areNOTincluded in the four step process?

Options:

A.

Close the previous period.

B.

Review the calculated OSSP.

C.

Categorize standalone sales by performance obligation.

D.

Approve the OSSP by establishing it.

E.

Run the Calculate Observed Standalone Selling Prices program.

F.

Run Create Accounting.

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Questions 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

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Questions 19

How can you access an implementation task in Functional Setup Manager. (choose 3)

Options:

A.

By navigating from the Implementation Project

B.

By navigation to an offering's functional area

C.

By navigating from the Welcome Springboard

D.

By searching

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Questions 20

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

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Questions 21

Which isNOTa required piece of information when importing contract header Information from a source file?

Options:

A.

Date of Source Document

B.

Source Document Type code

C.

Record Type

D.

Source System

E.

Currency code of source document

F.

Source Document Unique Identifier Number 1

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Questions 22

The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

Options:

A.

Oracle Revenue Management Cloud

B.

Oracle Receivables

C.

Oracle General Ledger

D.

Oracle Subledger Accounting

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Questions 23

1z0-1059-24 Question 23

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.

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Questions 24

1z0-1059-24 Question 24

1z0-1059-24 Question 24

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

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Exam Code: 1z0-1059-24
Exam Name: Oracle Revenue Management Cloud Service 2024Implementation Essentials
Last Update: Jun 12, 2025
Questions: 83

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