Oracle
1D0-1059-23-D
Oracle Revenue Management Cloud Service 2023
Implementation Professional - Delta
QUESTION & ANSWERS
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QUESTION 1
What is a contract modification?
A.
B.
C.
D.
a change to the contract caused by negotiation with the customer
a revision or correction to the estimate of variable consideration made at inception
a change (modification) to the contract data
an increase or decrease in expected collectability
Correct Answer: A
QUESTION 2
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:
How many performance obligations will be created In Revenue Management?
A.
B.
C.
D.
6
4
5
3
Correct Answer: D
QUESTION 3
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.
What needs to be done in Revenue Management to convert transaction amounts to the USD
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currency?
A.
B.
C.
D.
Create source document types specifically for Euro documents.
Populate exchange rates in Revenue Price Profile.
Populate Conversion Rate Type in System Options.
Create revenue prices in the Euro currency.
Correct Answer: C
Explanation/Reference:
Explanation
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenuemanagement.html#FAFRM2371348
QUESTION 4
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the
transition to the new standard strategy under ASC 606 and IFRS 15?
A.
B.
C.
D.
Create a reporting ledger.
Create a new primary ledger.
Create a secondary ledger.
Using their existing primary ledger.
Correct Answer: D
QUESTION 5
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data
about the
free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
A. Ignore the performance obligation for the toaster because it was free of cost to the customer.
B. Define an Implied Performance Obligation Template to automatically add a performance obligation
for the toaster.
C. Create the performance obligation for the toaster manually.
D. Define an adhoc rule in the Revenue Price Profile to include the toaster.
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Correct Answer: B
QUESTION 6
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation,
and
Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?
A.
B.
C.
D.
The total Transaction Price is over the user-defined threshold amount.
The contract is missing standalone selling prices at the promised detail level or at obligation level.
The contract is missing satisfaction events.
The contract is missing Billing data.
Correct Answer: A
Explanation/Reference:
Accounting contracts with a total transaction price that is greater than the user-defined threshold
amount you defined in your system options. Contracts in this list are significant value contracts
QUESTION 7
Which three statements about Effective Periods are true?
A.
B.
C.
D.
E.
If effective periods are not defined. Revenue Management uses the General Ledger calendar.
Effective Periods are used for standalone selling prices and for creating journal entries.
Gaps between periods are not allowed.
You cannot have overlapping periods.
Effective Periods only define the rage where standalone selling prices of an item should be
effective.
Correct Answer: B,D,E
QUESTION 8
In Revenue Management the Selling Amount and Allocated Amount may be different. How does
Revenue Management account for this difference?
A. It tracks the difference in a Discount Allocation Account at the contract line level.
B. It tracks the difference in a Write-off Allocation Account at the contract level.
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C. It tracks the difference In a Discount Allocation Account at the contract level.
D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
Correct Answer: A
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