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1z0-1059-24 Oracle Revenue Management Cloud Service 2024Implementation Essentials Questions and Answers

Questions 4

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.

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Questions 5

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?

Options:

A.

Freeze Period

B.

Default Classification

C.

Source Document Type

D.

Priority

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Questions 6

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?

Options:

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

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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:

How many performance obligations will be created In Revenue Management?

Options:

A.

6

B.

4

C.

5

D.

3

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Questions 8

What is the correct match sequence of the descriptions A, B and C against the titles?

Options:

A.

B, C, A

B.

A, C, B

C.

C, B, A

D.

C, A, B

E.

A, B, C

F.

B, A, C

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Questions 9

Which statement Is True regarding the Customer Contract Source Data Import Template?

Options:

A.

It is a predefined Excel FBDI template.

B.

It is a predefined Java FBDI template.

C.

It Is a predefined HTML FBDI template.

D.

It is a custom template that you are required to build.

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Questions 10

After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.

Which predefined Contract Identification Rule can be used in this case?

Options:

A.

Identify Customer Contract Based on Party

B.

Identify Customer Contract Based on Source Document Line

C.

Identify Customer Contract Based on Source Document

D.

Identify Customer Contract Based on Source System

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Questions 11

Which setup component Is NOT connected to a Revenue Price Profile?

Options:

A.

Contract Identification Rules

B.

Items

C.

Source Document Types

D.

Pricing Dimension Segments

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Questions 12

Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would

you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

Options:

A.

by setting SM to "Allow Partial" and SMM to "Quantity"

B.

by setting SM to "Requires Complete" and SMM to "Period"

C.

by setting SM to "Requires Complete" and SMM to "Quantity"

D.

by setting SM to "Requires Complete" and SMM to "Percent"

E.

by setting SM to "Allow Partial" and SMM to "Period"

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Questions 13

Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

Options:

A.

your invoiced goods and services less those goods and services that you have not yet delivered

B.

your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered

C.

Unearned Revenue

D.

your debt to customers for goods and services you are obliged to deliver to them by either party acting

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Questions 14

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.

Which two attributes on the structure instance are inherited from the structure definition?

Options:

A.

whether Dynamic Combination Creation Allowed is enabled

B.

the shape: Same number of segments and order

C.

the Displayed option

D.

the value sets

E.

the Query Required option

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Questions 15

Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

Options:

A.

Performance Obligation Satisfied

B.

Performance Obligation Billed

C.

Initial Performance

D.

Revenue Recognized

E.

Standalone Selling Prices Allocated

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Questions 16

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?

Options:

A.

Reason

B.

Pricing Dimension

C.

Item Identifier

D.

Performance Obligation Template

E.

Tolerance ranges

F.

SSP Type

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Questions 17

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

Options:

A.

You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.

B.

You value the accrual at estimated consideration and it is a monetary debt.

C.

You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

D.

You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

E.

Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

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Questions 18

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

Options:

A.

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

B.

the fair value of each performance obligation

C.

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

D.

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

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Questions 19

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

Options:

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 return material authorizations.

F.

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

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Questions 20

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

Options:

A.

a shipment

B.

a performance obligation

C.

an invoice

D.

promise detail

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Questions 21

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

Options:

A.

Wether Dynamic Combination Creation Allowed is enabled

B.

The value sets

C.

The Query Required option

D.

The Displayed option

E.

The shape: Same nunmber of segments and order

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Questions 22

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

Options:

A.

Inverted Allocation Method

B.

Residual Allocation Method

C.

Relative Allocation Method

D.

Two Step Allocation Method

E.

Alternative Allocation Method

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Questions 23

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?

Options:

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

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Questions 24

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.

Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

Options:

A.

Select Conversion Rate Type in the Source Document Type setup.

B.

Run the Revenue Management translation process.

C.

Enter Conversion Rate Type in System Options.

D.

Provide currency conversion details in the Revenue Basis Data Import Template.

E.

Enter exchange rate information in Standalone Selling Price Profile.

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Exam Code: 1z0-1059-24
Exam Name: Oracle Revenue Management Cloud Service 2024Implementation Essentials
Last Update: Jun 15, 2025
Questions: 83
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