Oracle Revenue Management Cloud Service 2024 Implementation Professional - 1Z0-1059-24 Free Exam Questions

A. Contract Liability

B. Contract Clearing

C. Contract Expense

D. Contract Asset

E. Contract Revenue

F. Contract Price Variance

A. allow complete

B. allow partial

C. require partial

D. require complete

A. the ability not to revise previously reported revenue for revision, corrections, and other changes

B. an allocation of the expected consideration over the performance obligations as if you had sold them separately

C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later

D. the fair value of each performance obligation

A. Fusion Accounting Hub

B. Financials

C. Enterprise Contracts

D. Incentive Compensation

A. Quantity Band

B. Amount Band

C. Set Band

D. Percentage Band

A. You cannot have overlapping periods.

B. Effective Periods are used for standalone selling prices and for creating journal entries.

C. If effective periods are not defined, Revenue Management uses the General Ledger calendar.

D. Effective Periods only define the rage where standalone selling prices of an item should be effective.

E. Gaps between periods are not allowed.

A. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

C. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

D. Time-based contingencies must not expire before the contingency can be removed and revenue recognized

E. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

A. Edit Contract Identification Rules.

B. Review Performance Satisfaction Plans.

C. Manage contracts in "Pending Allocation" status.

D. Manage contracts in "Pending Review" status.

E. Review Revenue Price Profiles.

F. Review Observed Standalone Selling Prices.

A. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

B. Because they are Revenue Management Descriptive Flexfields.

C. Because they provide uniqueness to the Source Document Types.

D. Because they are needed for integration with Product Management.