Oracle Revenue Management Cloud Service 2024 Implementation Professional - 1Z0-1059-24 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

A. Populate Conversion Rate Type in System Options. B. Populate exchange rates in Revenue Price Profile. C. Create source document types specifically for Euro documents. D. Create revenue prices in the Euro currency.

Discussion 0

Correct Answer: A Vote an answer

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Question 2

A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?

A. Run the Calculate Observed Standalone Selling Prices program to derive prices. B. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface. C. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually. D. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface. E. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices. F. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.

Discussion 0

Correct Answer: A,C Vote an answer

Question 3

Which setup Is required to enable integration between Order Management and Revenue Management?

A. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page. B. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page. C. Create custom program to extract sales order and fulfillment data from Order Management. D. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations. E. Add Order Management in the Manage Trading Community Source Systems page. F. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.

Discussion 0

Correct Answer: F Vote an answer

Question 4

Which two are intended uses for the Standalone Selling Price Report Dashboard?

A. Review performance obligations by effective period. B. Drill down to data used to derive standalone selling prices. C. Monitor transaction price calculation and allocation. D. Analyze standalone selling prices for one or multiple effective periods. E. Diagnose revenue price profile.

Discussion 0

Correct Answer: D,E Vote an answer

Question 5

Which three tasks can be performed In the Revenue Management Work Area?

A. Review Revenue Price Profiles. B. Review Performance Satisfaction Plans. C. Manage contracts in "Pending Allocation" status. D. Edit Contract Identification Rules. E. Review Observed Standalone Selling Prices. F. Manage contracts in "Pending Review" status.

Discussion 0

Correct Answer: C,E,F Vote an answer

Question 6

Which is NOT a predefined Accounting Class for Revenue Management?

A. Contract Discount B. Contract Unearned Revenue C. Contract Liability D. Contract Asset

Discussion 0

Correct Answer: B Vote an answer

Question 7

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?

A. whether Dynamic Combination Creation Allowed is enabled B. the Query Required option C. the shape: Same number of segments and order D. the Displayed option E. the value sets

Discussion 0

Correct Answer: A,C Vote an answer

Question 8

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. Suppliers B. Inventory items C. Business Units D. Receivables configurations E. Customers F. Banks, branches and bank accounts

Discussion 0

Correct Answer: B,C,E Vote an answer

Question 9

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?

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

Discussion 0

Correct Answer: A,B Vote an answer