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

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?

• Ignore the performance obligation for the toaster because it was free of cost to the customer.
• Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
• Create the performance obligation for the toaster manually.
• Define an adhoc rule in the Revenue Price Profile to include the toaster.

Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

• Apply appropriate patches to EBS.
• Run the Deploy System Options process.
• Set the Profile Option AR: Source System Value for Revenue Management.
• Map the EBS Chart of Accounts to the Cloud General Ledger.
• Set the System Options in EBS Receivables on the Revenue Management tab.

Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?

• General Ledger account derivation based on predefined events
• centralized accounting solution
• General Ledger journal creation
• multiple accounting representations
• revaluation of assets and liabilities
• stand-alone selling price derivation

What is a Standalone Selling Price (SSP)?

• the average of your bundled price
• the sum of the SSPs of the components
• the list price
• the price you would use if you sold to a customer separately

Oracle Revenue Management is part of predefined offering.

• Enterprise Contracts
• Fusion Accounting Hub
• Incentive Compensation
• Financials

Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.Which three setup attributes are part of a Standalone Selling Price Profile?

• Observed Standalone Selling Prices
• Estimated Standalone Selling Prices
• Pricing Dimension Assignment
• SSP Tolerance Usage
• Items

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

• four tabs that store data for theVRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, andVRM_PERF_OBLIG tables respectively
• three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
• two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
• one tab that stores data for the VRM_SOURCE_DOCUMENTS table

What does a Variable Consideration require?

• an estimate of the consideration be made at inception only
• that the consideration be monetary
• an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
• a disclosure be made to the shareholders

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?

• Infolets
• Dashboards
• Infotile
• Analysis

Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

• Performance Obligation Satisfied
• Performance Obligation Billed
• Initial Performance
• Revenue Recognized
• Standalone Selling Prices Allocated