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

• Question 31:

  Given your organization's Interactions with one of Its customers:

  1.

  A consultant is deployed to assist customer on 10-Sep-2017.

  2.

  A Sales order is booked on 14-Sep-2017.

  3.

  The Productis shipped on 15-Sep-2017.

  4.

  An Invoice is issued on 20-Sep-2017. When do you accrue the contract liability?

  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 bookedon 14-Sep-2017

  D. when an invoice is issued on 20-Sep-2017

  Correct Answer: A

• Question 32:

  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. Business Intelligence Publisher

  C. Oracle Transactional Business Intelligence

  D. Reporting Studio

  Correct Answer: B

• Question 33:

  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?

  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

  Correct Answer: C

• Question 34:

  Which three statements about Effective Periods are true?

  A. If effective periods are not defined. Revenue Management uses the General Ledger calendar.

  B. Effective Periods are used for standalone selling prices and for creating journal entries.

  C. Gaps between periods are not allowed.

  D. You cannot have overlapping periods.

  E. Effective Periods only define the rage where standalone selling prices ofan item should be effective.

  Correct Answer: BDE

• Question 35:

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

  A. a shipment

  B. a performance obligation

  C. an invoice

  D. promisedetail

  Correct Answer: B

  Reference:https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2462439.htm

• Question 36:

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

  A. Oracle Revenue Management Cloud

  B. Oracle Receivables

  C. Oracle General Ledger

  D. Oracle Subledger Accounting

  Correct Answer: AD

  Reference:https://docs.oracle.com/cloud/r13_update17c/financialscs_gs/OCUAR/OCUAR1559322.htm#OCUAR1559322

• Question 37:

  Which three attributes are helpful in defining a Contract Identification Rule?

  A. Product Description

  B. Quote Number

  C. Delivery Address

  D. Bill To Customer

  E. Ledger

  F. Business Unit

  Correct Answer: ABC

• Question 38:

  Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.

  Besides Unit SSP Price,Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?

  A. Reason

  B. Pricing Dimension

  C. Item Identifier

  D. Performance Obligation Template

  E. Tolerance ranges

  F. SSP Type

  Correct Answer: BEF

• Question 39:

  Which setup Is required to enable integration between Order Management and Revenue Management?

  A. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.

  B. Add Order Management in the Manage Trading Community Source Systems page.

  C. Create custom program to extract sales order and fulfillment data from Order Management.

  D. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.

  E. Define an Implied performance obligation template to create performance obligations associated to sales orders and returnmaterial authorizations.

  F. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.

  Correct Answer: F

• Question 40:

  You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" processruns. Which attribute needs to be updated to achieve this objective?

  A. Freeze Period

  B. Default Classification

  C. Source Document Type

  D. Priority

  Correct Answer: D