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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q37-Q42):

NEW QUESTION # 37
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 currency?

A. Populate exchange rates in Revenue Price Profile.
B. Populate Conversion Rate Type in System Options.
C. Create revenue prices in the Euro currency.
D. Create source document types specifically for Euro documents.

Answer: B

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348

NEW QUESTION # 38
Why Is Satisfaction Method a key element of a Performance Obligation?

A. because it specifies whether revenue has been fully or partially recognized for a good or service
B. because it calculates the percentage of Total Transaction Price allocated to date
C. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
D. because it calculates the amount of Total Transaction Price allocated to date

Answer: C

NEW QUESTION # 39
Which is NOT a required piece of information when importing contract header Information from a source file?

A. Source Document Unique Identifier Number 1
B. Source System
C. Record Type
D. Source Document Type code
E. Currency code of source document
F. Date of Source Document

Answer: A

NEW QUESTION # 40
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. 0
B. 1
C. 2
D. 3

Answer: D

NEW QUESTION # 41
Which statement is NOT applicable to Performance Obligation Templates?

A. Oracle delivers three predefined Performance Obligation Templates,
B. Performance Obligation Templates are specific to the business and cannot be predefined.
C. Performance Obligation Templates can be associated to a Revenue Price Profile.
D. Performance Obligation Templates take precedence over Performance Obligation Rules.

Answer: A

NEW QUESTION # 42
......

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1Z0-1059-24 Most Reliable Questions & 1Z0-1059-24 New Exam Camp

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q37-Q42):

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