Oracle Revenue Management Cloud Service 2018 Implementation Essentials - 1Z1-1018 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Given your organization's Interactions with one of Its customers:
* A consultant is deployed to assist customer on 10-Sep-2017.
* A Sales order is booked on 14-Sep-2017.
* The Product is shipped on 15-Sep-2017.
* An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

A. when the product is shipped on 15-Sep-2017 B. when an invoice is issued on 20-Sep-2017 C. when the sales order Is booked on 14-Sep-2017 D. when the consultant is deployed to assist customer on 10-Sep-2017

Discussion 0

Correct Answer: D Vote an answer

Question 2

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 3

You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

A. 3 B. 2 C. 1 D. 4

Discussion 0

Correct Answer: A Vote an answer

Question 4

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

Question 5

Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

A. Daily Revenue Rate, All Periods B. Daily Revenue Rate, Partial Periods C. Variable Schedule D. Fixed Schedule E. Partial Schedule F. Daily Revenue Rate

Discussion 0

Correct Answer: D Vote an answer

Question 6

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