Free Oracle 1Z0-1059-24 Study Guides Exam Questions & Answer [Q18-Q34]

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Free Oracle 1Z0-1059-24 Study Guides Exam Questions and Answer

1Z0-1059-24 Exam Dumps, 1Z0-1059-24 Practice Test Questions

QUESTION 18
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?

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

Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

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

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

QUESTION 19
Which configuration component is Source Document Type NOT connected to?

Revenue Management System Options

Performance Obligation Template

Contract Identification Rules

Revenue Price Profile

Performance Obligation Identification Rules

QUESTION 20
What is a contract modification?

a change to the contract caused by negotiation with the customer

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

a change (modification) to the contract data

an increase or decrease in expected collectability

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 Character Attribute 4
Based the data displayed:

How many contracts will be created In Revenue Management?

QUESTION 22
65-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 would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

By defining a grouping rule on the customer class

By defining an exclusion rule to exclude customer classes that are “Retail”

By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

By defining an item group and assigning that to the rule

By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

QUESTION 23
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” process runs.
Which attribute needs to be updated to achieve this objective?

Freeze Period

Default Classification

Source Document Type

Priority

QUESTION 24
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….

What is the difference between Selling Amount and Allocated Amount?

The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.

The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.

The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.

The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.

QUESTION 25
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

Oracle Revenue Management Cloud

Oracle Receivables

Oracle General Ledger

Oracle Subledger Accounting

QUESTION 26
Which is NOT a Price Band Type?

Amount Band

Set Band

Quantity Band

Percentage Band

QUESTION 27
A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?

Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.

Navigate to the “Manage Standalone Selling Profiles” page and enter estimated prices manually for a given profile In the browser user Interface.

Navigate to the “Manage Standalone Selling Profiles” page and download spreadsheet template to enter estimated prices manually.

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

Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.

Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.

QUESTION 28
What is a Standalone Selling Price (SSP)?

the average of your bundled price

the sum of the SSPs of the components

the list price

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

QUESTION 29
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?

Ignore the performance obligation for the toaster because it was free of cost to the customer.

Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

Create the performance obligation for the toaster manually.

Define an adhoc rule in the Revenue Price Profile to include the toaster.

QUESTION 30
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?

when the consultant is deployed to assist customer on 10-Sep-2017

when the product is shipped on 15-Sep-2017

when the sales order Is booked on 14-Sep-2017

when an invoice is issued on 20-Sep-2017

QUESTION 31
Which two are intended uses for the Standalone Selling Price Report Dashboard?

Review performance obligations by effective period.

Diagnose revenue price profile.

Drill down to data used to derive standalone selling prices.

Monitor transaction price calculation and allocation.

Analyze standalone selling prices for one or multiple effective periods.

QUESTION 32
What does the creation of an allocation allow you to determine?

the ability not to revise previously reported revenue for revision, corrections, and other changes

the fair value of each performance obligation

the maximum amount of revenue you can recognize soonest, postponing the minimum until later

an allocation of the expected consideration over the performance obligations as if you had sold them separately

QUESTION 33
Which setup Is required to enable integration between Order Management and Revenue Management?

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

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

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

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

Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.

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

QUESTION 34
A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?

pricing bands

a pricing dimension structure

the source document types

a pricing dimension structure instance