Full 1Z0-1059-21 Practice Test and 82 unique questions with explanations waiting just for you!
Oracle Cloud Dumps 1Z0-1059-21 Exam for Full Questions - Exam Study Guide
NEW QUESTION 32
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How should you configure Revenue management to ensure that these items are grouped into one performance obligation?
- A. By defining a Contact Identification Rule.
- B. By defining a Revenue Item Group
- C. By defining a Performance Obligation Template.
- D. By defining a Standalone Selling Price Profile.
Answer: B
NEW QUESTION 33
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. Create revenue prices in the Euro currency.
- B. Populate Conversion Rate Type in System Options.
- C. Populate exchange rates in Revenue Price Profile.
- 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 34
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Drill down to data used to derive standalone selling prices.
- B. Monitor transaction price calculation and allocation.
- C. Review performance obligations by effective period.
- D. Analyze standalone selling prices for one or multiple effective periods.
- E. Diagnose revenue price profile.
Answer: D,E
NEW QUESTION 35
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?
- A. when the Type is Fixed or Variable
- B. when Context Values are populated
- C. when the Deferred Revenue box is checked
- D. when it is a business requirement
Answer: A
NEW QUESTION 36
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates take precedence over Performance Obligation Rules.
- 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. Oracle delivers three predefined Performance Obligation Templates,
Answer: D
NEW QUESTION 37
What does a Variable Consideration require?
- A. a disclosure be made to the shareholders
- B. an estimate of the consideration be made at inception only
- C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
- D. that the consideration be monetary
Answer: B
NEW QUESTION 38
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
- A. Oracle Receivables
- B. Oracle Subledger Accounting
- C. Oracle Revenue Management Cloud
- D. Oracle General Ledger
Answer: B,C
NEW QUESTION 39
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. Default Classification
- B. Source Document Type
- C. Freeze Period
- D. Priority
Answer: D
NEW QUESTION 40
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they are Revenue Management Descriptive Flexfields.
- B. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
- C. Because they provide uniqueness to the Source Document Types.
- D. Because they are needed for integration with Product Management.
Answer: D
NEW QUESTION 41
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance. Which two attributes on the structure instance are inherited from the structure definition?
- A. Wether Dynamic Combination Creation Allowed is enabled
- B. The shape: Same nunmber of segments and order
- C. The Displayed option
- D. The Query Required option
- E. The value sets
Answer: B,E
NEW QUESTION 42
Which three tasks can be performed In the Revenue Management Work Area?
- A. Review Revenue Price Profiles.
- B. Manage contracts in "Pending Allocation" status.
- C. Review Performance Satisfaction Plans.
- D. Review Observed Standalone Selling Prices.
- E. Manage contracts in "Pending Review" status.
- F. Edit Contract Identification Rules.
Answer: B,D,E
NEW QUESTION 43
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Incentive Compensation
- C. Fusion Accounting Hub
- D. Financials
Answer: D
NEW QUESTION 44
Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue Management, which two reporting objects can users build In the BI catalog?
- A. Infolets
- B. Dashboards
- C. Analysis
- D. Infotile
Answer: B,C
NEW QUESTION 45
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 product is shipped on 15-Sep-2017
- B. when the sales order Is booked on 14-Sep-2017
- C. when an invoice is issued on 20-Sep-2017
- D. when the consultant is deployed to assist customer on 10-Sep-2017
Answer: D
NEW QUESTION 46
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. centralized accounting solution
- B. General Ledger journal creation
- C. stand-alone selling price derivation
- D. General Ledger account derivation based on predefined events
- E. multiple accounting representations
- F. revaluation of assets and liabilities
Answer: B,E,F
NEW QUESTION 47
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: B
NEW QUESTION 48
What is a Standalone Selling Price (SSP)?
- A. the list price
- B. the price you would use if you sold to a customer separately
- C. the sum of the SSPs of the components
- D. the average of your bundled price
Answer: B
NEW QUESTION 49
A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?
- A. Reporting Studio
- B. Business Intelligence Publisher
- C. Smart View
- D. Oracle Transactional Business Intelligence
Answer: B
NEW QUESTION 50
Which three statements about Effective Periods are true?
- A. Effective Periods are used for standalone selling prices and for creating journal entries.
- B. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
- C. You cannot have overlapping periods.
- D. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- E. Gaps between periods are not allowed.
Answer: A,C,D
NEW QUESTION 51
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?
- A. the Query Required option
- B. the shape: Same number of segments and order
- C. whether Dynamic Combination Creation Allowed is enabled
- D. the value sets
- E. the Displayed option
Answer: B,C
NEW QUESTION 52
Which is NOT a Price Band Type?
- A. Set Band
- B. Quantity Band
- C. Percentage Band
- D. Amount Band
Answer: C
NEW QUESTION 53
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.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?
- A. Enter exchange rate information in Standalone Selling Price Profile.
- B. Enter Conversion Rate Type in System Options.
- C. Run the Revenue Management translation process.
- D. Select Conversion Rate Type in the Source Document Type setup.
- E. Provide currency conversion details in the Revenue Basis Data Import Template.
Answer: B,C
NEW QUESTION 54
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