1Z0-1059-24 Exam guide: Oracle Revenue Management Cloud Service 2024 Implementation Professional & 1Z0-1059-24 Test engine & 1Z0-1059-24 Real dumps
1Z0-1059-24 Exam guide: Oracle Revenue Management Cloud Service 2024 Implementation Professional & 1Z0-1059-24 Test engine & 1Z0-1059-24 Real dumps
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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q14-Q19):
NEW QUESTION # 14
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Quote Number
- B. Ledger
- C. Bill To Customer
- D. Product Description
- E. Delivery Address
- F. Business Unit
Answer: A,D,E
NEW QUESTION # 15
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?
- A. The total Transaction Price is over the user-defined threshold amount.
- B. The contract is missing satisfaction events.
- C. The contract is missing Billing data.
- D. The contract is missing standalone selling prices at the promised detail level or at obligation level.
Answer: A
Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.
NEW QUESTION # 16
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?
- A. Source Document Type
- B. Default Classification
- C. Priority
- D. Freeze Period
Answer: C
NEW QUESTION # 17
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You value the accrual at estimated consideration and it is a monetary debt.
- B. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
- C. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- D. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- E. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
Answer: B
NEW QUESTION # 18
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
- A. Ignore the performance obligation for the toaster because it was free of cost to the customer.
- B. Define an adhoc rule in the Revenue Price Profile to include the toaster.
- C. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- D. Create the performance obligation for the toaster manually.
Answer: C
NEW QUESTION # 19
......
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