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

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Total 83 questions

A corporation uses a pricing policy that considers deal size to calculate price per unit for its 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

Which is the following is NOT a feature of personalization

A.

Selecting default language

B.

Changing text font

C.

Saving searches

D.

Configuring table columns

What does a Variable Consideration require?

A.

an estimate of the consideration be made at inception only

B.

that the consideration be monetary

C.

an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized

D.

a disclosure be made to the shareholders

What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

A.

Create a reporting ledger.

B.

Create a new primary ledger.

C.

Create a secondary ledger.

D.

Using their existing primary ledger.

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?

A.

Table

B.

Subset

C.

Independent

D.

Format Only

E.

Dependent

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

A.

when a pricing dimension structure is enabled for pricing bands

B.

when a source document type is enabled to use pricing bands

C.

when a pricing dimension structure Instance Is enabled for pricing bands

D.

when a value set segment label of Set Band is used

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?

A.

Freeze Period

B.

Default Classification

C.

Source Document Type

D.

Priority

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?

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"

What is a contract modification?

A.

a change to the contract caused by negotiation with the customer

B.

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

C.

a change (modification) to the contract data

D.

an increase or decrease in expected collectability

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?

A.

Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.

B.

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

C.

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

D.

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

E.

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

F.

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