Free Oracle 1Z1-1018 Exam Dumps Questions & Answers


Exam Code/Number:	1Z1-1018Join the discussion
Exam Name:	Oracle Revenue Management Cloud Service 2018 Implementation Essentials
Certification:	Oracle
Free Question Number:	60
Publish Date:	Aug 13, 2026
# of views:	2427
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Page: 1 / 12
Total 60 questions

Question 1

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS
15 versus the old standard?

A.Revenue and performance obligation liabilities are not dependent on billing.
B.Revenue can be recognized for performance obligations only using the "Point in Time" approach.
C.Pricing estimates cannot be used In the absence of pricing data.
D.Expected consideration value is applicable to all industries.

Question 2

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 an invoice is issued on 20-Sep-2017
C.when the product is shipped on 15-Sep-2017
D.when the consultant is deployed to assist customer on 10-Sep-2017

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 currency?

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

Question 4

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:

Question 5

A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?

A.Run the Calculate Observed Standalone Selling Prices program to derive prices.
B.Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
C.Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
D.Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.