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Oracle Revenue Management Cloud Service 2024Implementation Essentials

Last Update 4 hours ago Total Questions : 83

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Question # 11

At which level does Oracle Revenue management perform accounting?

A.

Legal entity level

B.

Contract level

C.

Performance obligation level

Question # 12

Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

A.

These accounts are optional in Revenue Management.

B.

If nonexistent, these accounts need to be added to the chart of accounts.

C.

If nonexistent, these accounts are added automatically to the chart of accounts.

D.

These accounts are not relevant to Revenue Management.

Question # 13

How can you access an implementation task in Functional Setup Manager. (choose 3)

A.

By navigating from the Implementation Project

B.

By navigation to an offering's functional area

C.

By navigating from the Welcome Springboard

D.

By searching

Question # 14

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.

Question # 15

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?

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

Question # 16

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

A.

Contract Identification Rules

B.

Items

C.

Source Document Types

D.

Pricing Dimension Segments

Question # 17

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?

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.

Question # 18

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

A.

Oracle Revenue Management Cloud

B.

Oracle Receivables

C.

Oracle General Ledger

D.

Oracle Subledger Accounting

Question # 19

Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

A.

Suppliers

B.

Business Units

C.

Customers

D.

Inventory items

E.

Receivables configurations

F.

Banks, branches and bank accounts

Question # 20

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

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