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1z0-1059-24 Exam Dumps - Oracle Revenue Management Cloud Questions and Answers

Question # 14

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?

Options:

A.

Create a reporting ledger.

B.

Create a new primary ledger.

C.

Create a secondary ledger.

D.

Using their existing primary ledger.

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Question # 15

How many tabs does the Customer Contract Source Data Import Template have?

Options:

A.

four tabs that store data for the

VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively

B.

three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively

C.

two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively

D.

one tab that stores data for the VRM_SOURCE_DOCUMENTS table

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Question # 16

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

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Question # 17

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

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Question # 18

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

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Question # 19

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

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Question # 20

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

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Question # 21

Given your organization's Interactions with one of Its customers:

    A consultant is deployed to assist customer on 10-Sep-2017.

    A Sales order is booked on 14-Sep-2017.

    The Product is shipped on 15-Sep-2017.

    An Invoice is issued on 20-Sep-2017.

When do you accrue the contract liability?

Options:

A.

when the consultant is deployed to assist customer on 10-Sep-2017

B.

when the product is shipped on 15-Sep-2017

C.

when the sales order Is booked on 14-Sep-2017

D.

when an invoice is issued on 20-Sep-2017

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Question # 22

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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Question # 23

Which three tasks are associated with defining a Pricing Dimension Structure?

Options:

A.

Define up to 30 segments and name them.

B.

Define up to 20 segments and name them.

C.

Analyze pricing policies across products and services.

D.

Create multiple instances for a given Pricing Dimension Structure.

E.

Include user friendly prompts for each segment.

F.

Assign required segment labels to each segment.

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Exam Code: 1z0-1059-24
Exam Name: Oracle Revenue Management Cloud Service 2024Implementation Essentials
Last Update: Mar 31, 2025
Questions: 83
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