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

Questions 4

Which three statements about Effective Periods are true?

Options:

A.

If effective periods are not defined. Revenue Management uses the General Ledger calendar.

B.

Effective Periods are used for standalone selling prices and for creating journal entries.

C.

Gaps between periods are not allowed.

D.

You cannot have overlapping periods.

E.

Effective Periods only define the rage where standalone selling prices of an item should be effective.

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Questions 5

In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.

Which two areNOTincluded in the four step process?

Options:

A.

Close the previous period.

B.

Review the calculated OSSP.

C.

Categorize standalone sales by performance obligation.

D.

Approve the OSSP by establishing it.

E.

Run the Calculate Observed Standalone Selling Prices program.

F.

Run Create Accounting.

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Questions 6

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 7

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 8

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.

What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

Options:

A.

Create source document types specifically for Euro documents.

B.

Populate exchange rates in Revenue Price Profile.

C.

Populate Conversion Rate Type in System Options.

D.

Create revenue prices in the Euro currency.

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Questions 9

65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you

configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

Options:

A.

By defining a grouping rule on the customer class

B.

By defining an exclusion rule to exclude customer classes that are "Retail"

C.

By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

D.

By defining an item group and assigning that to the rule

E.

By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

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Questions 10

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

Options:

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.

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Questions 11

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

Options:

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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Questions 12

If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?

Options:

A.

Delete the source data that was imported into Revenue Management and import new source data.

B.

Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.

C.

Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.

D.

Delete Contracts from the Manage Customer Contracts Ul.

E.

Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.

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Questions 13

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?

Options:

A.

Infolets

B.

Dashboards

C.

Infotile

D.

Analysis

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Questions 14

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which IsNOTa predefined Accounting Class?

Options:

A.

Contract Asset

B.

Contract Price Variance

C.

Contract Liability

D.

Contract Revenue

E.

Contract Expense

F.

Contract Clearing

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Questions 15

1z0-1059-24 Question 15

Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

Options:

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.

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Questions 16

Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?

Options:

A.

60 User Extensible Fields

B.

10 User Extensible Fields

C.

90 User Extensible Fields

D.

50 User Extensible Fields

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Questions 17

Given the Identify Customer Contracts Job set performs many different processes, which action IsNOTperformed by this job set?

Options:

A.

allocates the SSP to various satisfaction events

B.

creates the accounting for the stages in the process

C.

allocates the SSP to various performance obligations

D.

recognizes revenue if any satisfaction events exist

E.

creates customer contracts and performance obligations

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Questions 18

Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

Options:

A.

by identifying and creating one or more performance obligations for a given accounting contract

B.

by calculating Total Transaction Price for contracts

C.

by only creating contracts that are source system specific

D.

by allowing manual allocation of Total Transaction Price across performance obligations

E.

by restricting users from excluding contract lines

F.

by grouping source document lines intro contracts for each identified customer

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Questions 19

At which level does Oracle Revenue management perform accounting?

Options:

A.

Legal entity level

B.

Contract level

C.

Performance obligation level

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Questions 20

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

Options:

A.

Oracle Revenue Management Cloud

B.

Oracle Receivables

C.

Oracle General Ledger

D.

Oracle Subledger Accounting

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Questions 21

The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.

What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?

Options:

A.

Performance obligation satisfaction event details.

B.

Sales order header level data.

C.

Sub contract level details.

D.

Sales order line level data.

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Questions 22

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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Questions 23

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 24

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

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