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

• Question 41:

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

  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.

  Correct Answer: A

• Question 42:

  A corporation uses a pricing policy that considers deal size to calculate price per unit forits products. For example:

  

  Which Price Band Segment Label would be appropriate to use in this case?

  A. Amount Band

  B. Deal Size Band

  C. Set Band

  D. Quantity Band

  Correct Answer: A

• Question 43:

  Which method is used to allocate total transaction price across performanceobligations in Revenue Management?

  A. Inverted Allocation Method

  B. Residual Allocation Method

  C. Relative Allocation Method

  D. Two Step Allocation Method

  E. Alternative Allocation Method

  Correct Answer: D

• Question 44:

  What is a Performance Obligation?

  A. a combination of customer type and product code

  B. a product code or SKU

  C. a promise to a customer on which either party has acted

  D. a promise to a customer

  Correct Answer: D

  https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP24 56627

• Question 45:

  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. transaction price distributed to each performance obligation

  C. transaction price derived from the source system line import

  D. revenue recognized for each performance obligation

  Correct Answer: B

• Question 46:

  Why are Source Document TypeCodesrequired when defining Source Document Types?

  A. Because they are Revenue Management Descriptive Flexfields.

  B. Because they are needed for integration with Product Management.

  C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

  D. Because theyprovide uniqueness to the Source Document Types.

  Correct Answer: B

• Question 47:

  A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?

  A. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.

  B. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

  C. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.

  D. Run the Calculate Observed Standalone Selling Prices program to derive prices.

  Correct Answer: D

  https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTR ACT_HEADERS_tbl.htm

• Question 48:

  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.

  What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

  A. Create source document types specifically for Euro documents.

  B. Populate exchange rates in Revenue Price Profile.

  C. Populate Conversion Rate Type in System Options.

  D. Create revenue prices in the Euro currency.

  Correct Answer: C

  https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348

• Question 49:

  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 capturedIn the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?

  A. Performance obligation satisfaction event details.

  B. Sales order header level data.

  C. Sub contract level details.

  D. Sales order line level data.

  Correct Answer: A

• Question 50:

  Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

  

  A. Revenue Management can only integrate to Fusion Receivables.

  B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

  C. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

  D. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

  Correct Answer: AD