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

Oracle Revenue Management Cloud Service 2024Implementation Essentials

Last Update 3 hours ago Total Questions : 83

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Question # 1

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 # 2

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?

Create a reporting ledger.

Create a new primary ledger.

Create a secondary ledger.

Using their existing primary ledger.

Question # 3

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

Question # 4

Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue Management, which two reporting objects can users build In the BI catalog?

Infolets

Dashboards

Infotile

Analysis

Question # 5

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

allocates the SSP to various satisfaction events

creates the accounting for the stages in the process

allocates the SSP to various performance obligations

recognizes revenue if any satisfaction events exist

creates customer contracts and performance obligations

Question # 6

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you

consider that recognition depends on the nature of the contingency? (Choose two)

Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

Time-based contingencies must not expire before the contingency can be removed and revenue recognized

Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration

must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

Question # 7

The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.

What would cause a contract to be In the Pending Review tab?

The total Transaction Price is over the user-defined threshold amount.

The contract is missing standalone selling prices at the promised detail level or at obligation level.

The contract is missing satisfaction events.

The contract is missing Billing data.