New 2021 Guaranteed Success with TestPDF 1Z0-1059-21 Dumps Oracle PDF Questions
Exceptional Practice To Oracle Revenue Management Cloud Service 2021 Implementation Essentials Pass the First Time
NEW QUESTION 40
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 41
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 42
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. your debt to customers for goods and services you are obliged to deliver to them by either party acting
- B. Unearned Revenue
- C. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
- D. your invoiced goods and services less those goods and services that you have not yet delivered
Answer: A
NEW QUESTION 43
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 44
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 Instance Is enabled for pricing bands
- D. when a pricing dimension structure is enabled for pricing bands
Answer: D
NEW QUESTION 45
Which setup component Is NOT connected to a Revenue Price Profile?
- A. Items
- B. Pricing Dimension Segments
- C. Contract Identification Rules
- D. Source Document Types
Answer: D
NEW QUESTION 46
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Price Variance
- B. Contract Expense
- C. Contract Clearing
- D. Contract Asset
- E. Contract Revenue
- F. Contract Liability
Answer: B
NEW QUESTION 47
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Asset
- B. Contract Discount
- C. Contract Unearned Revenue
- D. Contract Liability
Answer: C
NEW QUESTION 48
What is a Performance Obligation?
- A. a promise to a customer on which either party has acted
- B. a combination of customer type and product code
- C. a product code or SKU
- D. a promise to a customer
Answer: D
NEW QUESTION 49
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?
- A. by setting SM to "Requires Complete" and SMM to "Percent"
- B. by setting SM to "Requires Complete" and SMM to "Period"
- C. by setting SM to "Allow Partial" and SMM to "Period"
- D. by setting SM to "Requires Complete" and SMM to "Quantity"
- E. by setting SM to "Allow Partial" and SMM to "Quantity"
Answer: B
NEW QUESTION 50
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 51
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 52
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 53
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. a pricing dimension structure
- B. pricing bands
- C. the source document types
- D. a pricing dimension structure instance
Answer: B
NEW QUESTION 54
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 55
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 line level data.
- B. Performance obligation satisfaction event details.
- C. Sales order header level data.
- D. Sub contract level details.
Answer: B
NEW QUESTION 56
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?
- A. Customer Contract Source Documents Import
- B. Customer Sales Data Source Documents Import
- C. Customer Contract Source Data Import
- D. Customer Sales Source Data Import
Answer: C
NEW QUESTION 57
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. Using their existing primary ledger.
- B. Create a secondary ledger.
- C. Create a reporting ledger.
- D. Create a new primary ledger.
Answer: A
NEW QUESTION 58
At which level does Oracle Revenue management perform accounting?
- A. Contract level
- B. Performance obligation level
- C. Legal entity level
Answer: B
NEW QUESTION 59
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?
- A. Reject line
- B. Void contract
- C. Preserve contract
- D. Reject contract
- E. Reverse line
Answer: A,D
NEW QUESTION 60
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 HTML FBDI template.
- D. It is a predefined Excel FBDI template.
Answer: D
NEW QUESTION 61
Which, when transferred to a customer, allows you to recognize revenue?
- A. an invoice
- B. a shipment
- C. a performance obligation
- D. promise detail
Answer: C
NEW QUESTION 62
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
- A. transaction price distributed to each performance obligation
- B. revenue recognized for each performance obligation
- C. transaction price derived from the source system line import
- D. stand-alone selling price assigned to the promised detail line
Answer: A
NEW QUESTION 63
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?
- A. SSP Tolerance Usage
- B. Pricing Dimension Assignment
- C. Estimated Standalone Selling Prices
- D. Items
- E. Observed Standalone Selling Prices
Answer: B,C,E
NEW QUESTION 64
Which is the following is NOT a feature of personalization
- A. Configuring table columns
- B. Changing text font
- C. Saving searches
- D. Selecting default language
Answer: B
NEW QUESTION 65
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