[Jan-2022] 1Z0-1059-21 Braindumps – 1Z0-1059-21 Questions to Get Better Grades
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NEW QUESTION 40
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 Performance Obligation Template.
- B. By defining a Standalone Selling Price Profile.
- C. By defining a Revenue Item Group
- D. By defining a Contact Identification Rule.
Answer: C
NEW QUESTION 41
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 Sales Data Source Documents Import
- B. Customer Contract Source Data Import
- C. Customer Contract Source Documents Import
- D. Customer Sales Source Data Import
Answer: B
NEW QUESTION 42
Oracle Revenue Management is part of_____________________predefined offering.
- A. Financials
- B. Incentive Compensation
- C. Enterprise Contracts
- D. Fusion Accounting Hub
Answer: A
NEW QUESTION 43
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. your invoiced goods and services less those goods and services that you have not yet delivered
- 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 debt to customers for goods and services you are obliged to deliver to them by either party acting
Answer: D
NEW QUESTION 44
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
- A. allow complete
- B. allow partial
- C. require complete
- D. require partial
Answer: B,C
NEW QUESTION 45
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. Create a reporting ledger.
- B. Create a secondary ledger.
- C. Create a new primary ledger.
- D. Using their existing primary ledger.
Answer: D
NEW QUESTION 46
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. C, A, B
- B. B, A, C
- C. B, C, A
- D. A, B, C
- E. C, B, A
- F. A, C, B
Answer: B
NEW QUESTION 47
Which is a term under ASC 606 or IFRS 15?
- A. transaction price
- B. requires complete
- C. initial performance event
- D. promise detail
Answer: A
NEW QUESTION 48
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 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.
- 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 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.
Answer: B
NEW QUESTION 49
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 instance
- B. the source document types
- C. a pricing dimension structure
- D. pricing bands
Answer: D
NEW QUESTION 50
At which level does Oracle Revenue management perform accounting?
- A. Performance obligation level
- B. Legal entity level
- C. Contract level
Answer: A
NEW QUESTION 51
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Add Order Management in the Manage Trading Community Source Systems page.
- B. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- C. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- D. Create custom program to extract sales order and fulfillment data from Order Management.
- E. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
- F. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
Answer: C
NEW QUESTION 52
A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?
- A. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
- B. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- C. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
- D. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
- E. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
- F. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
Answer: B,F
NEW QUESTION 53
Which is NOT a required piece of information when importing contract header Information from a source file?
- A. Source Document Unique Identifier Number 1
- B. Source System
- C. Date of Source Document
- D. Currency code of source document
- E. Record Type
- F. Source Document Type code
Answer: A
NEW QUESTION 54
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Inverted Allocation Method
- B. Alternative Allocation Method
- C. Two Step Allocation Method
- D. Relative Allocation Method
- E. Residual Allocation Method
Answer: C
NEW QUESTION 55
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates can be associated to a Revenue Price Profile.
- B. Oracle delivers three predefined Performance Obligation Templates,
- C. Performance Obligation Templates are specific to the business and cannot be predefined.
- D. Performance Obligation Templates take precedence over Performance Obligation Rules.
Answer: B
NEW QUESTION 56
Which three statements about Effective Periods are true?
- A. Effective Periods are used for standalone selling prices and for creating journal entries.
- B. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- C. You cannot have overlapping periods.
- D. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
- E. Gaps between periods are not allowed.
Answer: A,B,C
NEW QUESTION 57
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