Oracle 1z0-1059-23 Exam - Free questions
Oracle Revenue Management Cloud Service 2023 Implementation Professional
1z0-1059-23 Free questions:
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Question No. 1) Which three statements about Effective Periods are true?
A) If effective periods are not defined. Revenue Management uses the General Ledger calendar.
B) Effective Periods are used for standalone selling prices and for creating journal entries.
C) Gaps between periods are not allowed.
D) You cannot have overlapping periods.
E) Effective Periods only define the rage where standalone selling prices of an item should be effective.
Question No. 2) 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) Fixed Schedule
B) Variable Schedule
C) Daily Revenue Rate, All Periods
D) Daily Revenue Rate, Partial Periods
E) Partial Schedule
F) Daily Revenue Rate
Question No. 3) How many tabs does the Customer Contract Source Data Import Template have?
A) four tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively
B) three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
C) two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
D) one tab that stores data for the VRM_SOURCE_DOCUMENTS table
Question No. 4) Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items. Which three setup attributes are part of a Standalone Selling Price Profile?
A) Observed Standalone Selling Prices
B) Estimated Standalone Selling Prices
C) Pricing Dimension Assignment
D) SSP Tolerance Usage
Question No. 5) Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data. Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?
B) Pricing Dimension
C) Item Identifier
D) Performance Obligation Template
E) Tolerance ranges
F) SSP Type
Question No. 6) 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 add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
C) You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
D) You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
Question No. 7) A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup. What does the pricing dimension assignment match the pricing dimension segment combination to?
A) pricing bands
B) a pricing dimension structure
C) the source document types
D) a pricing dimension structure instance
Question No. 8) What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
A) Revenue and performance obligation liabilities are not dependent on billing.
B) Revenue can be recognized for performance obligations only using the "Point in Time" approach.
C) Pricing estimates cannot be used In the absence of pricing data.
D) Expected consideration value is applicable to all industries.
Question No. 9) 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 value sets
C) The Query Required option
D) The Displayed option
E) The shape: Same number of segments and order
Question No. 10) 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) Select Conversion Rate Type in the Source Document Type setup.
B) Run the Revenue Management translation process.
C) Enter Conversion Rate Type in System Options.
D) Provide currency conversion details in the Revenue Basis Data Import Template.
E) Enter exchange rate information in Standalone Selling Price Profile.
Question No. 11) Which setup component Is NOT connected to a Revenue Price Profile?
A) Contract Identification Rules
C) Source Document Types
D) Pricing Dimension Segments
Question No. 12) Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
A) allocates the SSP to various satisfaction events
B) creates the accounting for the stages in the process
C) allocates the SSP to various performance obligations
D) recognizes revenue if any satisfaction events exist
E) creates customer contracts and performance obligations
Question No. 13) The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively. What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?
A) Performance obligation satisfaction event details.
B) Sales order header level data.
C) Sub contract level details.
D) Sales order line level data.
Question No. 14) Which is the following is NOT a feature of personalization
A) Selecting default language
B) Changing text font
C) Saving searches
D) Configuring table columns
Question No. 15) 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:
Question No. 16) How can you access an implementation task in Functional Setup Manager. (choose 3)
A) By navigating from the Implementation Project
B) By navigation to an offering's functional area
C) By navigating from the Welcome Springboard
D) By searching
Question No. 17) 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) Add Order Management in the Manage Trading Community Source Systems page.
C) Create custom program to extract sales order and fulfillment data from Order Management.
D) Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
E) Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
F) Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
Question No. 18) Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?
A) by setting SM to "Allow Partial" and SMM to "Quantity"
B) by setting SM to "Requires Complete" and SMM to "Period"
C) by setting SM to "Requires Complete" and SMM to "Quantity"
D) by setting SM to "Requires Complete" and SMM to "Percent"
E) by setting SM to "Allow Partial" and SMM to "Period"
Question No. 19) 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 Revenue Item Group
B) By defining a Standalone Selling Price Profile.
C) By defining a Performance Obligation Template.
D) By defining a Contact Identification Rule.
Question No. 20) Which is NOT a Price Band Type?
A) Amount Band
B) Set Band
C) Quantity Band
D) Percentage Band
Question No. 21) A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?
A) Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
B) Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
C) Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
D) Run the Calculate Observed Standalone Selling Prices program to derive prices.
Question No. 22) 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 Party
B) Identify Customer Contract Based on Source Document Line
C) Identify Customer Contract Based on Source Document
D) Identify Customer Contract Based on Source System
Question No. 23) 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?
B) Business Units
D) Inventory items
E) Receivables configurations
F) Banks, branches and bank accounts
Question No. 24) What is a contract modification?
A) a change to the contract caused by negotiation with the customer
B) a revision or correction to the estimate of variable consideration made at inception
C) a change (modification) to the contract data
D) an increase or decrease in expected collectability
Question No. 25) Which is NOT a required piece of information when importing contract header Information from a source file?
A) Date of Source Document
B) Source Document Type code
C) Record Type
D) Source System
E) Currency code of source document
F) Source Document Unique Identifier Number 1
Oracle 1Z0-1059-23 Exam answers