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1z0-1059-24 Practice Questions

Oracle Revenue Management Cloud Service 2024Implementation Essentials

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Total Questions : 83

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Question # 1

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.

Discussion 0
Question # 2

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

Options:

A.  

Revenue and performance obligation liabilities are not dependent on billing.

B.  

Revenue can be recognized for performance obligations only using the "Point in Time" approach.

C.  

Pricing estimates cannot be used In the absence of pricing data.

D.  

Expected consideration value is applicable to all industries.

Discussion 0
Question # 3

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

Discussion 0
Question # 4

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

Options:

A.  

Inverted Allocation Method

B.  

Residual Allocation Method

C.  

Relative Allocation Method

D.  

Two Step Allocation Method

E.  

Alternative Allocation Method

Discussion 0
Question # 5

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

Options:

A.  

Void contract

B.  

Preserve contract

C.  

Reject line

D.  

Reverse line

E.  

Reject contract

Discussion 0
Question # 6

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.

Discussion 0
Question # 7

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

Discussion 0
Question # 8

You define a Contract Identification Rule that uses the following source document attributes to match

transaction lines:

Bill-to Customer Party Identifier

Extensible Header Character Attribute 4

Based the data displayed:

Question # 8

How many contracts will be created In Revenue Management?

Options:

A.  

3

B.  

1

C.  

5

D.  

0

E.  

4

Discussion 0
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?

Options:

A.  

60 User Extensible Fields

B.  

10 User Extensible Fields

C.  

90 User Extensible Fields

D.  

50 User Extensible Fields

Discussion 0
Question # 10

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?

Options:

A.  

Suppliers

B.  

Business Units

C.  

Customers

D.  

Inventory items

E.  

Receivables configurations

F.  

Banks, branches and bank accounts

Discussion 0
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