Oracle Revenue Management Cloud 1Z0-1059-22 Questions & Answers

• Question 21:

  You define a Contract Identification Rule that uses the following source document attributes to match transaction lines: Bill-to Customer Party Identifier Extensible Header CharacterAttribute 4 Based the data displayed:

  

  How many contracts will be created In Revenue Management?

  A. 3

  B. 1

  C. 5

  D. 0

  E. 4

  Correct Answer: A

• Question 22:

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

  

  A. when the Satisfaction Measurement Model is set to Amount

  B. when the SatisfactionMeasurement 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

  Correct Answer: B

• Question 23:

  After defining a pricing dimension structure for a customer, you must define a pricing dimensionstructure instance. Which two attributes on the structure instance are inherited from the structure definition?

  A. whether Dynamic Combination Creation Allowed is enabled

  B. the shape: Same number of segments and order

  C. the Displayed option

  D. the valuesets

  E. the Query Required option

  Correct Answer: AB

• Question 24:

  When is it required to populate the number of periods and percentage of revenue (seen in the image below)while defining a revenue scheduling rule?

  

  A. when the Deferred Revenue box is checked

  B. when it is a business requirement

  C. when Context Values are populated

  D. when the Type is Fixed or Variable

  Correct Answer: D

  Reference:https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_888B257D55BE0BBDE040D30A68813B17

• Question 25:

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

  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

  Correct Answer: CDE

• Question 26:

  Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps areNOTpart of the steps to configure EBS for integration with Revenue Management Cloud?

  A. Apply appropriate patches to EBS.

  B. Run the DeploySystem Options process.

  C. Set the Profile Option AR: Source System Value for Revenue Management.

  D. Map the EBS Chart of Accounts to the Cloud General Ledger.

  E. Set the System Options in EBS Receivables on the Revenue Management tab.

  Correct Answer: BD

• Question 27:

  Given you can optionally use pricing bands to create standalone selling prices,which setting enables you to use pricing bands?

  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

  Correct Answer: A

  Reference:https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2339999.htm#FAFRM1360704

• Question 28:

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

  A. by identifying and creating one or more performance obligations for a given accounting contract

  B. by calculating Total Transaction Price for contracts

  C. by only creating contracts that are source system specific

  D. by allowing manual allocation of Total Transaction Price across performance obligations

  E. by restricting users from excluding contract lines

  F. by grouping source document lines intro contracts for each identified customer

  Correct Answer: CDF

• Question 29:

  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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?

  A. By defining a Revenue Item Group

  B. By defining a Standalone Selling Price Profile.

  C. By defining a Performance Obligation Template.

  D. By defining a Contact Identification Rule.

  Correct Answer: A

• Question 30:

  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?

  A. Table

  B. Subset

  C. Independent

  D. Format Only

  E. Dependent

  Correct Answer: D