Oracle Revenue Management Cloud Service 2024 Implementation Professional

Question 1

A corporation wants to use any potential 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?

A. Dependent

B. Format Only

C. Table

D. Independent

E. Subset

Correct Answer: B

Question 2

Why are Source Document Type Codes required when defining Source Document Types?

A. Because they are needed for integration with Product Management.

B. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

C. Because they provide uniqueness to the Source Document Types.

D. Because they are Revenue Management Descriptive Flexfields.

Correct Answer: A

Question 3

Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

A. Customers

B. Inventory items

C. Receivables configurations

D. Suppliers

E. Banks, branches and bank accounts

F. Business Units

Correct Answer: A,B,F

Question 4

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

A. one tab that stores data for the VRM_SOURCE_DOCUMENTS table

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

C. 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

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

Correct Answer: B

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Question 5

What does the creation of an allocation allow you to determine?

A. the fair value of each performance obligation

B. an allocation of the expected consideration over the performance obligations as if you had sold them separately

C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later

D. the ability not to revise previously reported revenue for revision, corrections, and other changes

Correct Answer: A

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Question 6

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. Freeze Period

C. Priority

D. Default Classification

Correct Answer: C

Question 7

Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?

A. Reverse line

B. Void contract

C. Preserve contract

D. Reject contract

E. Reject line

Correct Answer: D,E

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Question 8

Which is Not a required piece of information when importing contract header information from a source file?

A. Currency code of source document

B. Date of source Document

C. Source Document Type code

D. Record Type

E. Source Document Unique Identifier Number 1

F. Source System

Correct Answer: E

Question 9

Which is a term under ASC 606 or IFRS 15?

A. requires complete

B. transaction price

C. initial performance event

D. promise detail

Correct Answer: B

Oracle Revenue Management Cloud Service 2024 Implementation Professional - 1Z0-1059-24 Exam Practice Test

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