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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q61-Q66):

NEW QUESTION # 61
Given your organization's Interactions with one of Its customers:
A consultant is deployed to assist customer on 10-Sep-2017.
A Sales order is booked on 14-Sep-2017.
The Product is shipped on 15-Sep-2017.
An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

A. when the sales order Is booked on 14-Sep-2017
B. when the consultant is deployed to assist customer on 10-Sep-2017
C. when an invoice is issued on 20-Sep-2017
D. when the product is shipped on 15-Sep-2017

Answer: B

NEW QUESTION # 62
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. The contract is missing standalone selling prices at the promised detail level or at obligation level.
B. The contract is missing Billing data.
C. The total Transaction Price is over the user-defined threshold amount.
D. The contract is missing satisfaction events.

Answer: C

Explanation:
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.

NEW QUESTION # 63
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?

A. Preserve contract
B. Reject line
C. Void contract
D. Reverse line
E. Reject contract

Answer: B,E

Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm

NEW QUESTION # 64
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. Priority
B. Default Classification
C. Source Document Type
D. Freeze Period

Answer: A

NEW QUESTION # 65
Which three attributes are helpful in defining a Contract Identification Rule?

A. Quote Number
B. Ledger
C. Product Description
D. Bill To Customer
E. Business Unit
F. Delivery Address

Answer: A,C,F

NEW QUESTION # 66
......

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Oracle Revenue Management Cloud Service 2024 Implementation Professional actual questions - 1Z0-1059-24 torrent pdf - Oracle Revenue Management Cloud Service 2024 Implementation Professional training vce

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q61-Q66):

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