[Oct-2021] Oracle Cloud 1Z0-1059-21 Exam Practice Dumps
2021 1Z0-1059-21 Premium Files Test pdf - Free Dumps Collection
NEW QUESTION 49
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 50
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 define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
- C. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- D. Revenue Management can only integrate to Fusion Receivables.
Answer: B,D
NEW QUESTION 51
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 52
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
- A. creates the accounting for the stages in the process
- B. allocates the SSP to various satisfaction events
- C. allocates the SSP to various performance obligations
- D. creates customer contracts and performance obligations
- E. recognizes revenue if any satisfaction events exist
Answer: A
NEW QUESTION 53
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 54
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. Pricing Dimension
- B. Performance Obligation Template
- C. Reason
- D. SSP Type
- E. Item Identifier
- F. Tolerance ranges
Answer: A,D,F
NEW QUESTION 55
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 56
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. Quantity Band
- C. Deal Size Band
- D. Amount Band
Answer: D
NEW QUESTION 57
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 58
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 59
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 60
Which configuration component is Source Document Type NOT connected to?
- A. Revenue Management System Options
- B. Performance Obligation Template
- C. Revenue Price Profile
- D. Performance Obligation Identification Rules
- E. Contract Identification Rules
Answer: C
NEW QUESTION 61
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 62
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 63
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. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
- B. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- C. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
- D. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
- E. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
- F. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
Answer: B,F
NEW QUESTION 64
How many tabs does the Customer Contract Source Data Import Template have?
- A. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- B. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- C. four tabs that store data for the
VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively - D. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
Answer: A
Explanation:
You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details
NEW QUESTION 65
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 66
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Incentive Compensation
- C. Fusion Accounting Hub
- D. Financials
Answer: D
NEW QUESTION 67
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 68
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 69
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 70
Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?
- A. 60 User Extensible Fields
- B. 50 User Extensible Fields
- C. 10 User Extensible Fields
- D. 90 User Extensible Fields
Answer: C
NEW QUESTION 71
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. B, C, A
- B. C, A, B
- C. B, A, C
- D. A, B, C
- E. A, C, B
- F. C, B, A
Answer: C
NEW QUESTION 72
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?
- A. Map the EBS Chart of Accounts to the Cloud General Ledger.
- B. Apply appropriate patches to EBS.
- C. Set the System Options in EBS Receivables on the Revenue Management tab.
- D. Run the Deploy System Options process.
- E. Set the Profile Option AR: Source System Value for Revenue Management.
Answer: A,D
NEW QUESTION 73
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