Oracle 1Z0-1059-20 Cert Guide PDF 100% Cover Real Exam Questions
Pass 1Z0-1059-20 Exam - Real Questions & Answers
NEW QUESTION 19
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 20
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 21
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, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
- B. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- C. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- D. Delete the source data that was imported into Revenue Management and import new source data.
- E. Delete Contracts from the Manage Customer Contracts Ul.
Answer: A
NEW QUESTION 22
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, Partial Periods
- B. Variable Schedule
- C. Partial Schedule
- D. Daily Revenue Rate
- E. Daily Revenue Rate, All Periods
- F. Fixed Schedule
Answer: F
NEW QUESTION 23
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. Apply appropriate patches to EBS.
- B. Run the Deploy System Options process.
- C. Set the System Options in EBS Receivables on the Revenue Management tab.
- D. Map the EBS Chart of Accounts to the Cloud General Ledger.
- E. Set the Profile Option AR: Source System Value for Revenue Management.
Answer: B,D
NEW QUESTION 24
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
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_
NEW QUESTION 25
In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?
- A. Close the previous period.
- B. Approve the OSSP by establishing it.
- C. Review the calculated OSSP.
- D. Categorize standalone sales by performance obligation.
- E. Run the Calculate Observed Standalone Selling Prices program.
- F. Run Create Accounting.
Answer: D,E
NEW QUESTION 26
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 27
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 an invoice is issued on 20-Sep-2017
- B. when the consultant is deployed to assist customer on 10-Sep-2017
- C. when the sales order Is booked on 14-Sep-2017
- D. when the product is shipped on 15-Sep-2017
Answer: B
NEW QUESTION 28
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
- A. recognizes revenue if any satisfaction events exist
- B. allocates the SSP to various satisfaction events
- C. allocates the SSP to various performance obligations
- D. creates customer contracts and performance obligations
- E. creates the accounting for the stages in the process
Answer: E
NEW QUESTION 29
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 30
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
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853
NEW QUESTION 31
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 32
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 33
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 34
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 35
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 Displayed option
- B. Wether Dynamic Combination Creation Allowed is enabled
- C. The Query Required option
- D. The shape: Same nunmber of segments and order
- E. The value sets
Answer: D,E
NEW QUESTION 36
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 37
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
Explanation:
Explanation
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION 38
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:
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 39
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 40
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 41
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 42
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Topics of Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam
Candidates must know the exam topics before they start of preparation. Our 1z0-1059-20 Dumps will include the following topics:
1. Revenue Management Overview
- Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)
- Explain Revenue Management Integration Requirements
2. Standalone Selling Prices
- Setup Revenue Management and configure standalone pricing
3. Revenue Management Reporting
- Explain how to create OTBI reporting objects
- Explain delivered reports uses and processes
4. Revenue Management Setup and Configuration
- NOTE: Placeholder for future Objective for another skill under Setup and Config
- Configure Revenue Management Cloud Services
5. Revenue Contracts
- Manage contracts and Revenue
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