Oracle Revenue Management Cloud 2019 Implementation Essentials

QUESTION NO: 1
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

B. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

C. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

D. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.

E. You value the accrual at estimated consideration and it is a monetary debt.

Discussion 0

Correct Answer: D Vote an answer

QUESTION NO: 2
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......

What is the difference between Selling Amount and Allocated Amount?

A. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.

B. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.

C. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.

D. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.

Discussion 0

Correct Answer: C Vote an answer

QUESTION NO: 3
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 System

C. Identify Customer Contract Based on Source Document

D. Identify Customer Contract Based on Source Document Line

Discussion 0

Correct Answer: C Vote an answer

QUESTION NO: 4

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 add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

D. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

Discussion 0

Correct Answer: A,D Vote an answer

QUESTION NO: 5
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

A. recognizes revenue if any satisfaction events exist

B. allocates the SSP to various performance obligations

C. creates the accounting for the stages in the process

D. creates customer contracts and performance obligations

E. allocates the SSP to various satisfaction events

Discussion 0

Correct Answer: C Vote an answer

QUESTION NO: 6
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. 1

B. 3

C. 2

D. 4

Discussion 0

Correct Answer: B Vote an answer

QUESTION NO: 7
What is a Standalone Selling Price (SSP)?

A. the price you would use if you sold to a customer separately

B. the average of your bundled price

C. the list price

D. the sum of the SSPs of the components

Discussion 0

Correct Answer: A Vote an answer

QUESTION NO: 8
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. SSP Tolerance Usage

B. Estimated Standalone Selling Prices

C. Items

D. Observed Standalone Selling Prices

E. Pricing Dimension Assignment

Discussion 0

Correct Answer: B,D,E Vote an answer

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Oracle Revenue Management Cloud 2019 Implementation Essentials - 1Z1-1059 Free Exam Questions

QUALITY AND VALUE

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