Free Online Oracle 1Z0-1059-23 Practice Test

Prepare Your Oracle 1Z0-1059-23 Exam Questions with Free online 1Z0-1059-23 Practice Test. Get Brilliant Oracle Revenue Management Cloud Service 2023 Implementation Professional Exam Results with Valid 1Z0 1059 Exam Dumps.

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Total 84 Questions | Updated On: May 06, 2024

Question 1

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:

How many contracts will be created In Revenue Management?

A : 3

B : 1

C : 5

D : 0

E : 4

Answer: A

Question 2

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 Query Required option

D : The Displayed option

E : The shape: Same nunmber of segments and order

Answer: A,B

Question 3

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 : Freeze Period

B : Default Classification

C : Source Document Type

D : Priority

Answer: D

Question 4

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

A : Review performance obligations by effective period.

B : Diagnose revenue price profile.

C : Drill down to data used to derive standalone selling prices.

D : Monitor transaction price calculation and allocation.

E : Analyze standalone selling prices for one or multiple effective periods.

Answer: A,B

Question 5

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A : 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

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

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

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

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

Answer: A

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Total 84 Questions | Updated On: May 06, 2024