Pass the Oracle Revenue Management Cloud 1z0-1059-24 Questions and answers with CertsForce

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Questions # 1:

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?

Options:

A.

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


B.

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


C.

Create the performance obligation for the toaster manually.


D.

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


Expert Solution
Questions # 2:

At which level does Oracle Revenue management perform accounting?

Options:

A.

Legal entity level


B.

Contract level


C.

Performance obligation level


Expert Solution
Questions # 3:

Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

Options:

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


Expert Solution
Questions # 4:

Which three tasks can be performed In the Revenue Management Work Area?

Options:

A.

Edit Contract Identification Rules.


B.

Review Observed Standalone Selling Prices.


C.

Manage contracts in "Pending Review" status.


D.

Manage contracts in "Pending Allocation" status.


E.

Review Performance Satisfaction Plans.


F.

Review Revenue Price Profiles.


Expert Solution
Questions # 5:

The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.

Which output option can you now also choose to assist In handling a large number of records?

Options:

A.

HTML


B.

PowerPoint


C.

Flat File


D.

PDF


Expert Solution
Questions # 6:

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.


Expert Solution
Questions # 7:

You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:

Extensible Line Character Attribute 7

Based on the data displayed:

Question # 7

How many performance obligations will be created In Revenue Management?

Options:

A.

6


B.

4


C.

5


D.

3


Expert Solution
Questions # 8:

Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.

Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

Options:

A.

Fixed Schedule


B.

Variable Schedule


C.

Daily Revenue Rate, All Periods


D.

Daily Revenue Rate, Partial Periods


E.

Partial Schedule


F.

Daily Revenue Rate


Expert Solution
Questions # 9:

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


Expert Solution
Questions # 10:

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

Options:

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


Expert Solution
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