[2022] 1Z0-1059-21 by Oracle Cloud Actual Free Exam Practice Test
Free Oracle Cloud 1Z0-1059-21 Exam Question
Oracle 1Z0-1059-21 Exam Syllabus Topics:
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NEW QUESTION 17
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. Performance Obligation Template
- B. Pricing Dimension
- C. SSP Type
- D. Item Identifier
- E. Reason
- F. Tolerance ranges
Answer: B,C,F
NEW QUESTION 18
Which is the following is NOT a feature of personalization
- A. Saving searches
- B. Selecting default language
- C. Configuring table columns
- D. Changing text font
Answer: D
NEW QUESTION 19
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 20
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by grouping source document lines intro contracts for each identified customer
- B. by only creating contracts that are source system specific
- C. by calculating Total Transaction Price for contracts
- D. by identifying and creating one or more performance obligations for a given accounting contract
- E. by restricting users from excluding contract lines
- F. by allowing manual allocation of Total Transaction Price across performance obligations
Answer: A,B,F
NEW QUESTION 21
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 value sets
- B. the Displayed option
- C. the shape: Same number of segments and order
- D. whether Dynamic Combination Creation Allowed is enabled
- E. the Query Required option
Answer: C,D
NEW QUESTION 22
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. 90 User Extensible Fields
- C. 10 User Extensible Fields
- D. 50 User Extensible Fields
Answer: C
NEW QUESTION 23
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
- B. Because they are needed for integration with Product Management.
- C. Because they provide uniqueness to the Source Document Types.
- D. Because they are Revenue Management Descriptive Flexfields.
Answer: B
NEW QUESTION 24
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?
- A. The total Transaction Price is over the user-defined threshold amount.
- B. The contract is missing satisfaction events.
- C. The contract is missing standalone selling prices at the promised detail level or at obligation level.
- D. The contract is missing Billing data.
Answer: A
Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.
NEW QUESTION 25
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 rule on the customer class
- B. By defining an item group and assigning that to the rule
- C. By defining an exclusion rule to exclude customer classes that are "Retail"
- D. 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
- E. 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
Answer: E
NEW QUESTION 26
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?
- A. It tracks the difference in a Write-off Allocation Account at the contract level.
- B. It tracks the difference In a Discount Allocation Account at the contract level.
- C. It tracks the difference in a Discount Allocation Account at the contract line level.
- D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
Answer: C
NEW QUESTION 27
What is a contract modification?
- A. an increase or decrease in expected collectability
- B. a change to the contract caused by negotiation with the customer
- C. a revision or correction to the estimate of variable consideration made at inception
- D. a change (modification) to the contract data
Answer: B
NEW QUESTION 28
At which level does Oracle Revenue management perform accounting?
- A. Performance obligation level
- B. Legal entity level
- C. Contract level
Answer: A
NEW QUESTION 29
What does a Variable Consideration require?
- A. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
- B. a disclosure be made to the shareholders
- C. an estimate of the consideration be made at inception only
- D. that the consideration be monetary
Answer: C
NEW QUESTION 30
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 "Allow Partial" and SMM to "Quantity"
- 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 "Percent"
- E. by setting SM to "Requires Complete" and SMM to "Quantity"
Answer: B
NEW QUESTION 31
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It is a custom template that you are required to build.
- B. It Is a predefined HTML FBDI template.
- C. It is a predefined Excel FBDI template.
- D. It is a predefined Java FBDI template.
Answer: C
NEW QUESTION 32
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Expense
- B. Contract Clearing
- C. Contract Price Variance
- D. Contract Revenue
- E. Contract Asset
- F. Contract Liability
Answer: A
NEW QUESTION 33
The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?
- A. Flat File
- B. PowerPoint
- C. HTML
- D. PDF
Answer: A
NEW QUESTION 34
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 35
What does the creation of an allocation allow you to determine?
- A. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- B. the fair value of each performance obligation
- C. the ability not to revise previously reported revenue for revision, corrections, and other changes
- D. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
Answer: B
NEW QUESTION 36
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. Quantity Band
- B. Deal Size Band
- C. Amount Band
- D. Set Band
Answer: C
NEW QUESTION 37
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?
- A. Reject contract
- B. Reverse line
- C. Void contract
- D. Preserve contract
- E. Reject line
Answer: A,E
NEW QUESTION 38
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