Oracle Revenue Management Cloud Service 2020 Implementation Essentials - 1Z0-1059-20 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. By defining a grouping rule on the customer class B. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute C. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute D. By defining an item group and assigning that to the rule E. By defining an exclusion rule to exclude customer classes that are "Retail"

Discussion 0

Correct Answer: C Vote an answer

Question 2

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:

How many contracts will be created In Revenue Management?

A. 3 B. 1 C. 5 D. 0 E. 4

Discussion 0

Correct Answer: A Vote an answer

Question 3

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

A. Because they are Revenue Management Descriptive Flexfields. B. Because they provide uniqueness to the Source Document Types. C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes. D. Because they are needed for integration with Product Management.

Discussion 0

Correct Answer: D Vote an answer

Question 4

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

Discussion 0

Correct Answer: A Vote an answer

Question 5

Why Is Satisfaction Method a key element of a Performance Obligation?

A. because it determines whether revenue for a good or service is recognized Over Time or Point in Time B. because it calculates the amount of Total Transaction Price allocated to date C. because it specifies whether revenue has been fully or partially recognized for a good or service D. because it calculates the percentage of Total Transaction Price allocated to date

Discussion 0

Correct Answer: A Vote an answer

Question 6

Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

A. Unearned Revenue B. your invoiced goods and services less those goods and services that you have not yet delivered C. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered D. your debt to customers for goods and services you are obliged to deliver to them by either party acting

Discussion 0

Correct Answer: D Vote an answer

Question 7

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. Default Classification B. Freeze Period C. Source Document Type D. Priority

Discussion 0

Correct Answer: D Vote an answer

Question 8

Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

A. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables. B. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards. C. Revenue Management can only integrate to Fusion Receivables. D. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

Discussion 0

Correct Answer: B,C Vote an answer