[Mar 28, 2023] 1z0-1059-22 Exam Dumps PDF Guaranteed Success with Accurate & Updated Questions
Pass 1z0-1059-22 Exam - Real Test Engine PDF with 85 Questions
NEW QUESTION 33
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
- A. If nonexistent, these accounts need to be added to the chart of accounts.
- B. These accounts are optional in Revenue Management.
- C. These accounts are not relevant to Revenue Management.
- D. If nonexistent, these accounts are added automatically to the chart of accounts.
Answer: D
NEW QUESTION 34
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By searching
- B. By navigating from the Implementation Project
- C. By navigation to an offering's functional area
- D. By navigating from the Welcome Springboard
Answer: A,B,C
NEW QUESTION 35
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 pricing dimension structure Instance Is enabled for pricing bands
- C. when a value set segment label of Set Band is used
- D. when a pricing dimension structure is enabled for pricing bands
Answer: D
NEW QUESTION 36
Which configuration component is Source Document Type NOT connected to?
- A. Contract Identification Rules
- B. Revenue Management System Options
- C. Performance Obligation Identification Rules
- D. Revenue Price Profile
- E. Performance Obligation Template
Answer: D
NEW QUESTION 37
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. Sub contract level details.
- B. Sales order line level data.
- C. Performance obligation satisfaction event details.
- D. Sales order header level data.
Answer: C
NEW QUESTION 38
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. revaluation of assets and liabilities
- B. stand-alone selling price derivation
- C. General Ledger journal creation
- D. multiple accounting representations
- E. General Ledger account derivation based on predefined events
- F. centralized accounting solution
Answer: A,C,D
NEW QUESTION 39
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Bill To Customer
- B. Delivery Address
- C. Quote Number
- D. Business Unit
- E. Ledger
- F. Product Description
Answer: B,C,F
NEW QUESTION 40
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 shape: Same nunmber of segments and order
- C. Wether Dynamic Combination Creation Allowed is enabled
- D. The Displayed option
- E. The Query Required option
Answer: A,B
NEW QUESTION 41
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
- A. Daily Revenue Rate
- B. Partial Schedule
- C. Daily Revenue Rate, All Periods
- D. Variable Schedule
- E. Daily Revenue Rate, Partial Periods
- F. Fixed Schedule
Answer: F
NEW QUESTION 42
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
- A. Suppliers
- B. Customers
- C. Business Units
- D. Inventory items
- E. Banks, branches and bank accounts
- F. Receivables configurations
Answer: B,C,D
NEW QUESTION 43
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?
- A. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- B. Delete the source data that was imported into Revenue Management and import new source data.
- C. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
- D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- E. Delete Contracts from the Manage Customer Contracts Ul.
Answer: C
NEW QUESTION 44
Oracle Revenue Management is part of_____________________predefined offering.
- A. Fusion Accounting Hub
- B. Enterprise Contracts
- C. Incentive Compensation
- D. Financials
Answer: D
NEW QUESTION 45
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 46
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. an estimate of the consideration be made at inception only
- C. that the consideration be monetary
- D. a disclosure be made to the shareholders
Answer: B
Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION 47
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.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?
- A. Create source document types specifically for Euro documents.
- B. Create revenue prices in the Euro currency.
- C. Populate exchange rates in Revenue Price Profile.
- D. Populate Conversion Rate Type in System Options.
Answer: D
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION 48
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Asset
- B. Contract Liability
- C. Contract Discount
- D. Contract Unearned Revenue
Answer: D
NEW QUESTION 49
At which level does Oracle Revenue management perform accounting?
- A. Contract level
- B. Performance obligation level
- C. Legal entity level
Answer: B
NEW QUESTION 50
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 new primary ledger.
- C. Create a secondary ledger.
- D. Create a reporting ledger.
Answer: A
NEW QUESTION 51
You define a Contract Identification Rule that uses the following source document attributes to match
transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
How many contracts will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: E
NEW QUESTION 52
Which setup component Is NOT connected to a Revenue Price Profile?
- A. Contract Identification Rules
- B. Source Document Types
- C. Items
- D. Pricing Dimension Segments
Answer: B
NEW QUESTION 53
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. whether Dynamic Combination Creation Allowed is enabled
- B. the shape: Same number of segments and order
- C. the Query Required option
- D. the value sets
- E. the Displayed option
Answer: A,B
NEW QUESTION 54
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?
- A. when the Satisfaction Measurement Model is set to Period
- B. when the Satisfaction Measurement Model is set to Amount
- C. when the Satisfaction Measurement Model Is set to Percentage
- D. when the Satisfaction Measurement Model is set to Quantity
Answer: A
NEW QUESTION 55
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Monitor transaction price calculation and allocation.
- B. Drill down to data used to derive standalone selling prices.
- C. Diagnose revenue price profile.
- D. Analyze standalone selling prices for one or multiple effective periods.
- E. Review performance obligations by effective period.
Answer: C,D
NEW QUESTION 56
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you
consider that recognition depends on the nature of the contingency? (Choose two)
- A. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration
must occur before the contingency can be removed and the order can be imported into Receivables for invoicing. - B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- C. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
- D. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- E. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
Answer: A,B
NEW QUESTION 57
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