1Z0-1059-24 Exam Training Practice Tests (Oracle Revenue Management Cloud Service 2024 Implementation Professional)]

Question 1

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)?

A. Sales order header level data. B. Sales order line level data. C. Sub contract level details. D. Performance obligation satisfaction event details.

Correct Answer: D

Question 2

Which configuration component is Source Document Type NOT connected to?

A. Revenue Price Profile B. Revenue Management System Options C. Performance Obligation Template D. Performance Obligation Identification Rules E. Contract Identification Rules

Correct Answer: A

Question 3

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

A. creates customer contracts and performance obligations B. allocates the SSP to various performance obligations C. creates the accounting for the stages in the process D. recognizes revenue if any satisfaction events exist E. allocates the SSP to various satisfaction events

Correct Answer: C

Question 4

A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?

A. Create the performance obligation for the toaster manually. B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster. C. Ignore the performance obligation for the toaster because it was free of cost to the customer. D. Define an adhoc rule in the Revenue Price Profile to include the toaster.

Correct Answer: B

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

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Question 6

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

A. stand-alone selling price assigned to the promised detail line B. revenue recognized for each performance obligation C. transaction price derived from the source system line import D. transaction price distributed to each performance obligation

Correct Answer: D

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 is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

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. your debt to customers for goods and services you are obliged to deliver to them by either party acting D. Unearned Revenue

Correct Answer: C

Question 9

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?

A. Flat File B. PowerPoint C. PDF D. HTML

Correct Answer: A

Oracle Revenue Management Cloud Service 2024 Implementation Professional - 1Z0-1059-24 Exam Practice Test