Free Oracle 1Z0-1059-21 Exam Questions & Answer from Training Expert VCE4Plus
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NEW QUESTION 12
65-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 would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
- A. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- B. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- C. By defining an exclusion rule to exclude customer classes that are "Retail"
- D. By defining an item group and assigning that to the rule
- E. By defining a grouping rule on the customer class
Answer: A
NEW QUESTION 13
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a source document type is enabled to use pricing bands
- B. when a value set segment label of Set Band is used
- C. when a pricing dimension structure is enabled for pricing bands
- D. when a pricing dimension structure Instance Is enabled for pricing bands
Answer: C
NEW QUESTION 14
A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?
- A. the source document types
- B. pricing bands
- C. a pricing dimension structure
- D. a pricing dimension structure instance
Answer: B
NEW QUESTION 15
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?
- A. SSP Type
- B. Pricing Dimension
- C. Performance Obligation Template
- D. Item Identifier
- E. Tolerance ranges
- F. Reason
Answer: A,B,E
NEW QUESTION 16
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
- A. Banks, branches and bank accounts
- B. Inventory items
- C. Suppliers
- D. Business Units
- E. Customers
- F. Receivables configurations
Answer: B,D,E
NEW QUESTION 17
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
- A. Ignore the performance obligation for the toaster because it was free of cost to the customer.
- B. Create the performance obligation for the toaster manually.
- C. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- D. Define an adhoc rule in the Revenue Price Profile to include the toaster.
Answer: C
NEW QUESTION 18
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 Standalone Selling Price Profile.
- B. By defining a Contact Identification Rule.
- C. By defining a Revenue Item Group
- D. By defining a Performance Obligation Template.
Answer: C
NEW QUESTION 19
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. stand-alone selling price derivation
- B. multiple accounting representations
- C. General Ledger journal creation
- D. revaluation of assets and liabilities
- E. centralized accounting solution
- F. General Ledger account derivation based on predefined events
Answer: B,C,D
NEW QUESTION 20
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. whether Dynamic Combination Creation Allowed is enabled
- B. the Query Required option
- C. the value sets
- D. the shape: Same number of segments and order
- E. the Displayed option
Answer: A,D
NEW QUESTION 21
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
- A. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
- B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- C. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
- D. Revenue Management can only integrate to Fusion Receivables.
Answer: C,D
NEW QUESTION 22
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Incentive Compensation
- C. Financials
- D. Fusion Accounting Hub
Answer: C
NEW QUESTION 23
What is a contract modification?
- A. a change to the contract caused by negotiation with the customer
- B. an increase or decrease in expected collectability
- C. a revision or correction to the estimate of variable consideration made at inception
- D. a change (modification) to the contract data
Answer: A
NEW QUESTION 24
A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:
Which Price Band Segment Label would be appropriate to use in this case?
- A. Set Band
- B. Deal Size Band
- C. Amount Band
- D. Quantity Band
Answer: C
NEW QUESTION 25
The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?
- A. Sales order header level data.
- B. Sales order line level data.
- C. Sub contract level details.
- D. Performance obligation satisfaction event details.
Answer: D
NEW QUESTION 26
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It is a predefined Java FBDI template.
- B. It is a custom template that you are required to build.
- C. It is a predefined Excel FBDI template.
- D. It Is a predefined HTML FBDI template.
Answer: C
NEW QUESTION 27
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 Contracts from the Manage Customer Contracts Ul.
- 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. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- E. Delete the source data that was imported into Revenue Management and import new source data.
Answer: B
NEW QUESTION 28
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Discount
- B. Contract Unearned Revenue
- C. Contract Liability
- D. Contract Asset
Answer: B
NEW QUESTION 29
Which, when transferred to a customer, allows you to recognize revenue?
- A. an invoice
- B. a performance obligation
- C. a shipment
- D. promise detail
Answer: B
NEW QUESTION 30
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
- A. allocates the SSP to various satisfaction events
- B. creates the accounting for the stages in the process
- C. creates customer contracts and performance obligations
- D. allocates the SSP to various performance obligations
- E. recognizes revenue if any satisfaction events exist
Answer: B
NEW QUESTION 31
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......
What is the difference between Selling Amount and Allocated Amount?
- A. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
- B. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
- C. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
- D. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
Answer: D
NEW QUESTION 32
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)
- A. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- B. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
- C. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
- D. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
Answer: B,D
NEW QUESTION 33
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