Oracle Revenue Management Cloud Service 2021 Implementation Essentials

QUESTION NO: 1
Which is NOT a Price Band Type?

A. Quantity Band B. Amount Band C. Percentage Band D. Set Band

Correct Answer: C

QUESTION NO: 2
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.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

A. Enter Conversion Rate Type in System Options. B. Enter exchange rate information in Standalone Selling Price Profile. C. Run the Revenue Management translation process. D. Provide currency conversion details in the Revenue Basis Data Import Template. E. Select Conversion Rate Type in the Source Document Type setup.

Correct Answer: A,C

QUESTION NO: 3
Which three tasks can be performed In the Revenue Management Work Area?

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

Correct Answer: A,E,F

QUESTION NO: 4
Which is the following is NOT a feature of personalization

A. Saving searches B. Configuring table columns C. Selecting default language D. Changing text font

Correct Answer: D

QUESTION NO: 5
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

A. It Tracks the difference in a Write-Off Allocation Account at the contract line level. B. It tracks the difference in a Discount Allocation Account at the contract line level. C. It tracks the difference In a Discount Allocation Account at the contract level. D. It tracks the difference in a Write-off Allocation Account at the contract level.

Correct Answer: B

QUESTION NO: 6
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. Priority B. Source Document Type C. Default Classification D. Freeze Period

Correct Answer: A

QUESTION NO: 7
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?

A. Identify Customer Contract Based on Source Document Line B. Identify Customer Contract Based on Source System C. Identify Customer Contract Based on Source Document D. Identify Customer Contract Based on Party

Correct Answer: C

QUESTION NO: 8
What is a Performance Obligation?

A. a combination of customer type and product code B. a promise to a customer C. a product code or SKU D. a promise to a customer on which either party has acted

Correct Answer: B

QUESTION NO: 9
What does a Variable Consideration require?

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

Correct Answer: B

Oracle Revenue Management Cloud Service 2021 Implementation Essentials - 1Z0-1059-21 Exam Questions