oracle 1z0-1059-20 practice test

Oracle Revenue Management Cloud Service 2020 Implementation Essentials

Question 1

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 2

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


Explanation: (p.15)


Question 3

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?

  • 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.



Question 4

In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management
account for this difference?

  • A. It tracks the difference in a Discount Allocation Account at the contract line level.
  • B. It tracks the difference in a Write-off Allocation Account at the contract level.
  • C. It tracks the difference In a Discount Allocation Account at the contract level.
  • D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.



Question 5

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?

  • 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



Question 6

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance. Which
two attributes on the structure instance are inherited from the structure definition?

  • A. Wether Dynamic Combination Creation Allowed is enabled
  • B. The value sets
  • C. The Query Required option
  • D. The Displayed option
  • E. The shape: Same nunmber of segments and order



Question 7

One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a
spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?

  • A. Customer Contract Source Documents Import
  • B. Customer Sales Source Data Import
  • C. Customer Contract Source Data Import
  • D. Customer Sales Data Source Documents Import



Question 8

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 9

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?

  • A. 60 User Extensible Fields
  • B. 10 User Extensible Fields
  • C. 90 User Extensible Fields
  • D. 50 User Extensible Fields



Question 10

In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?

  • 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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