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

Questions 4

The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.

What would cause a contract to be In the Pending Review tab?

Options:

A.

The total Transaction Price is over the user-defined threshold amount.

B.

The contract is missing standalone selling prices at the promised detail level or at obligation level.

C.

The contract is missing satisfaction events.

D.

The contract is missing Billing data.

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Questions 5

In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

Options:

A.

It tracks the difference in a Discount Allocation Account at the contract line level.

B.

It tracks the difference in a Write-off Allocation Account at the contract level.

C.

It tracks the difference In a Discount Allocation Account at the contract level.

D.

It Tracks the difference in a Write-Off Allocation Account at the contract line level.

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Questions 6

Which, when transferred to a customer, allows you to recognize revenue?

Options:

A.

a shipment

B.

a performance obligation

C.

an invoice

D.

promise detail

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Questions 7

One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.

What is the name of this spreadsheet template?

Options:

A.

Customer Contract Source Documents Import

B.

Customer Sales Source Data Import

C.

Customer Contract Source Data Import

D.

Customer Sales Data Source Documents Import

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Questions 8

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

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Questions 9

Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

Options:

A.

require complete

B.

allow partial

C.

allow complete

D.

require partial

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Questions 10

Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?

Options:

A.

60 User Extensible Fields

B.

10 User Extensible Fields

C.

90 User Extensible Fields

D.

50 User Extensible Fields

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Questions 11

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

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Questions 12

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

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Questions 13

What is a Standalone Selling Price (SSP)?

Options:

A.

the average of your bundled price

B.

the sum of the SSPs of the components

C.

the list price

D.

the price you would use if you sold to a customer separately

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Questions 14

You define a Contract Identification Rule that uses the following source document attributes to match

transaction lines:

Bill-to Customer Party Identifier

Extensible Header Character Attribute 4

Based the data displayed:

How many contracts will be created In Revenue Management?

Options:

A.

3

B.

1

C.

5

D.

0

E.

4

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Questions 15

After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.

Which predefined Contract Identification Rule can be used in this case?

Options:

A.

Identify Customer Contract Based on Party

B.

Identify Customer Contract Based on Source Document Line

C.

Identify Customer Contract Based on Source Document

D.

Identify Customer Contract Based on Source System

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Questions 16

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

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Questions 17

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.

Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

Options:

A.

Select Conversion Rate Type in the Source Document Type setup.

B.

Run the Revenue Management translation process.

C.

Enter Conversion Rate Type in System Options.

D.

Provide currency conversion details in the Revenue Basis Data Import Template.

E.

Enter exchange rate information in Standalone Selling Price Profile.

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Questions 18

What is a contract modification?

Options:

A.

a change to the contract caused by negotiation with the customer

B.

a revision or correction to the estimate of variable consideration made at inception

C.

a change (modification) to the contract data

D.

an increase or decrease in expected collectability

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Questions 19

A corporation wants to useanypotential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.

Which validation type must be selected when defining this Value Set?

Options:

A.

Table

B.

Subset

C.

Independent

D.

Format Only

E.

Dependent

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Questions 20

Which is NOT a predefined Accounting Class for Revenue Management?

Options:

A.

Contract Discount

B.

Contract Liability

C.

Contract Unearned Revenue

D.

Contract Asset

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Questions 21

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 22

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 23

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 24

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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Exam Code: 1z0-1059-24
Exam Name: Oracle Revenue Management Cloud Service 2024Implementation Essentials
Last Update: Jun 15, 2025
Questions: 83
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