Oracle Revenue Management Cloud 2019 Implementation Essentials (1Z1-1059) Free Practice Test

Question 1

When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

A. when the Deferred Revenue box is checked

B. when the Type is Fixed or Variable

C. when Context Values are populated

D. when it is a business requirement

Correct Answer: B

Question 2

Which setup component Is NOT connected to a Revenue Price Profile?

A. Contract Identification Rules

B. Pricing Dimension Segments

C. Items

D. Source Document Types

Correct Answer: D

Question 3

Which two are intended uses for the Standalone Selling Price Report Dashboard?

A. Analyze standalone selling prices for one or multiple effective periods.

B. Drill down to data used to derive standalone selling prices.

C. Review performance obligations by effective period.

D. Diagnose revenue price profile.

E. Monitor transaction price calculation and allocation.

Correct Answer: A,D

Question 4

The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?

A. HTML

B. PowerPoint

C. PDF

D. Flat File

Correct Answer: D

Question 5

Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

A. Run the Deploy System Options process.

B. Map the EBS Chart of Accounts to the Cloud General Ledger.

C. Set the Profile Option AR: Source System Value for Revenue Management.

D. Set the System Options in EBS Receivables on the Revenue Management tab.

E. Apply appropriate patches to EBS.

Correct Answer: A,B

Question 6

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?

A. Customers

B. Suppliers

C. Banks, branches and bank accounts

D. Business Units

E. Inventory items

F. Receivables configurations

Correct Answer: A,D,E

Question 7

65-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 would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. By defining a grouping rule on the customer class

B. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

C. By defining an item group and assigning that to the rule

D. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

E. By defining an exclusion rule to exclude customer classes that are "Retail"

Correct Answer: D

Question 8

Which three statements about Effective Periods are true?

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

B. You cannot have overlapping periods.

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

D. Gaps between periods are not allowed.

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

Correct Answer: B,C,D

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Oracle Revenue Management Cloud 2019 Implementation Essentials (1Z1-1059) Free Practice Test