1Z0-1059-21 Practice Dumps - Verified By PassLeader Updated 82 Questions
Updated 1Z0-1059-21 Exam Dumps - PDF Questions and Testing Engine
NEW QUESTION 47
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 Context Values are populated
- B. when the Deferred Revenue box is checked
- C. when it is a business requirement
- D. when the Type is Fixed or Variable
Answer: D
NEW QUESTION 48
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 derived from the source system line import
- B. transaction price distributed to each performance obligation
- C. revenue recognized for each performance obligation
- D. stand-alone selling price assigned to the promised detail line
Answer: B
NEW QUESTION 49
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 50
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 51
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a pricing dimension structure Instance Is enabled for pricing bands
- B. when a pricing dimension structure is enabled for pricing bands
- C. when a value set segment label of Set Band is used
- D. when a source document type is enabled to use pricing bands
Answer: B
NEW QUESTION 52
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 53
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. Define an adhoc rule in the Revenue Price Profile to include the toaster.
- B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- C. Create the performance obligation for the toaster manually.
- D. Ignore the performance obligation for the toaster because it was free of cost to the customer.
Answer: B
NEW QUESTION 54
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 55
What is a Performance Obligation?
- A. a promise to a customer on which either party has acted
- B. a promise to a customer
- C. a combination of customer type and product code
- D. a product code or SKU
Answer: B
NEW QUESTION 56
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 57
What is a Standalone Selling Price (SSP)?
- A. the price you would use if you sold to a customer separately
- B. the list price
- C. the sum of the SSPs of the components
- D. the average of your bundled price
Answer: A
NEW QUESTION 58
Which configuration component is Source Document Type NOT connected to?
- A. Contract Identification Rules
- B. Performance Obligation Template
- C. Performance Obligation Identification Rules
- D. Revenue Management System Options
- E. Revenue Price Profile
Answer: E
NEW QUESTION 59
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 60
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?
- A. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
- B. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- C. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
- D. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
Answer: B
NEW QUESTION 61
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 62
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Define up to 30 segments and name them.
- B. Define up to 20 segments and name them.
- C. Create multiple instances for a given Pricing Dimension Structure.
- D. Assign required segment labels to each segment.
- E. Include user friendly prompts for each segment.
- F. Analyze pricing policies across products and services.
Answer: A,D,F
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. 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 64
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 65
Why Is Satisfaction Method a key element of a Performance Obligation?
- A. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
- B. because it calculates the amount of Total Transaction Price allocated to date
- C. because it calculates the percentage of Total Transaction Price allocated to date
- D. because it specifies whether revenue has been fully or partially recognized for a good or service
Answer: A
NEW QUESTION 66
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