Oracle Revenue Management Cloud Service 2022 Implementation Professional

QUESTION NO: 1
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

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

Correct Answer: A,C

QUESTION NO: 2
Which is Not a required piece of information when importing contract header information from a source file?

A. Source Document Type code B. Date of source Document C. Record Type D. Currency code of source document E. Source Document Unique Identifier Number 1 F. Source System

Correct Answer: E

QUESTION NO: 3
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 should you configure
Revenue management to ensure that these items are grouped into one performance obligation?

A. By defining a Standalone Selling Price Profile. B. By defining a Performance Obligation Template. C. By defining a Revenue Item Group D. By defining a Contact Identification Rule.

Correct Answer: C

QUESTION NO: 4
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: 5
Which is NOT a predefined Accounting Class for Revenue Management?

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

Correct Answer: C

QUESTION NO: 6
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. Wether Dynamic Combination Creation Allowed is enabled B. The value sets C. The shape: Same nunmber of segments and order D. The Displayed option E. The Query Required option

Correct Answer: B,C

QUESTION NO: 7
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?

A. Analysis B. Infolets C. Infotile D. Dashboards

Correct Answer: A,D

QUESTION NO: 8
Which statement Is True regarding the Customer Contract Source Data Import Template?

A. It is a predefined Java FBDI template. B. It is a custom template that you are required to build. C. It Is a predefined HTML FBDI template. D. It is a predefined Excel FBDI template.

Correct Answer: D

QUESTION NO: 9
What does the creation of an allocation allow you to determine?

A. the fair value of each performance obligation B. the maximum amount of revenue you can recognize soonest, postponing the minimum until later C. the ability not to revise previously reported revenue for revision, corrections, and other changes D. an allocation of the expected consideration over the performance obligations as if you had sold them separately

Correct Answer: A

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Oracle Revenue Management Cloud Service 2022 Implementation Professional - 1z0-1059-22 Exam Questions