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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?

A. Delete the source data that was imported into Revenue Management and import new source data.
B. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
C. Delete Contracts from the Manage Customer Contracts Ul.
D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
E. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.

Answer: B

NEW QUESTION # 51
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

A. Contract Expense
B. Contract Clearing
C. Contract Price Variance
D. Contract Asset
E. Contract Liability
F. Contract Revenue

Answer: A

NEW QUESTION # 52
Which is a term under ASC 606 or IFRS 15?

A. initial performance event
B. requires complete
C. promise detail
D. transaction price

Answer: D

NEW QUESTION # 53
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. Create a new primary ledger.
B. Create a reporting ledger.
C. Using their existing primary ledger.
D. Create a secondary ledger.

Answer: C

NEW QUESTION # 54
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: A

NEW QUESTION # 55
......

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q50-Q55):

Get Oracle 1Z0-1059-24 Exam Questions For Quick Preparation [2025]