1Z0-1059-21 Exam Training Practice Tests (Oracle Revenue Management Cloud Service 2021 Implementation Essentials)]

Question 1

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:

How many performance obligations will be created In Revenue Management?

A. 4 B. 5 C. 3 D. 6

Correct Answer: C

Question 2

Oracle Revenue Management is part of_____________________predefined offering.

A. Enterprise Contracts B. Financials C. Incentive Compensation D. Fusion Accounting Hub

Correct Answer: B

Question 3

A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?

A. Smart View B. Reporting Studio C. Oracle Transactional Business Intelligence D. Business Intelligence Publisher

Correct Answer: D

Question 4

Why are Source Document Type Codes required when defining Source Document Types?

A. Because they provide uniqueness to the Source Document Types. B. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes. C. Because they are needed for integration with Product Management. D. Because they are Revenue Management Descriptive Flexfields.

Correct Answer: C

Question 5

What does a Variable Consideration require?

A. an estimate of the consideration be made at inception only B. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized C. that the consideration be monetary D. a disclosure be made to the shareholders

Correct Answer: A

Question 6

A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?

A. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script. B. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually. C. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices. D. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface. E. Run the Calculate Observed Standalone Selling Prices program to derive prices. F. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.

Correct Answer: B,E

Question 7

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?

A. The shape: Same nunmber of segments and order B. The value sets C. Wether Dynamic Combination Creation Allowed is enabled D. The Query Required option E. The Displayed option

Correct Answer: A,B

Question 8

Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

A. by only creating contracts that are source system specific B. by grouping source document lines intro contracts for each identified customer C. by allowing manual allocation of Total Transaction Price across performance obligations D. by identifying and creating one or more performance obligations for a given accounting contract E. by restricting users from excluding contract lines F. by calculating Total Transaction Price for contracts

Correct Answer: A,B,C

Question 9

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

A. C, B, A B. C, A, B C. A, B, C D. B, A, C E. B, C, A F. A, C, B

Correct Answer: D

Oracle Revenue Management Cloud Service 2021 Implementation Essentials - 1Z0-1059-21 Exam Practice Test