[Dec 05, 2021] 1Z0-1059-20 Test Engine files, 1Z0-1059-20 Dumps PDF
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NEW QUESTION 38
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 39
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 40
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
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
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
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 43
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS
15 versus the old standard?
- A. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
- B. Revenue and performance obligation liabilities are not dependent on billing.
- C. Expected consideration value is applicable to all industries.
- D. Pricing estimates cannot be used In the absence of pricing data.
Answer: C,D
NEW QUESTION 44
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. 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
- B. 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.
- C. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- D. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
Answer: B,D
NEW QUESTION 45
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Analyze standalone selling prices for one or multiple effective periods.
- B. Monitor transaction price calculation and allocation.
- C. Drill down to data used to derive standalone selling prices.
- D. Diagnose revenue price profile.
- E. Review performance obligations by effective period.
Answer: A,D
NEW QUESTION 46
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?
- A. Table
- B. Dependent
- C. Format Only
- D. Independent
- E. Subset
Answer: C
NEW QUESTION 47
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
- A. Oracle Subledger Accounting
- B. Oracle Receivables
- C. Oracle Revenue Management Cloud
- D. Oracle General Ledger
Answer: A,C
NEW QUESTION 48
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 49
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 Percentage
- C. when the Satisfaction Measurement Model is set to Quantity
- D. when the Satisfaction Measurement Model is set to Amount
Answer: A
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
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 52
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 53
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 54
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 55
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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?
- A. By defining a Performance Obligation Template.
- B. By defining a Standalone Selling Price Profile.
- C. By defining a Revenue Item Group
- D. By defining a Contact Identification Rule.
Answer: C
NEW QUESTION 56
Which three tasks can be performed In the Revenue Management Work Area?
- A. Manage contracts in "Pending Review" status.
- B. Review Revenue Price Profiles.
- C. Manage contracts in "Pending Allocation" status.
- D. Edit Contract Identification Rules.
- E. Review Observed Standalone Selling Prices.
- F. Review Performance Satisfaction Plans.
Answer: A,C,E
NEW QUESTION 57
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: C
NEW QUESTION 58
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Inverted Allocation Method
- B. Alternative Allocation Method
- C. Two Step Allocation Method
- D. Relative Allocation Method
- E. Residual Allocation Method
Answer: C
NEW QUESTION 59
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
In addition to the SSP Value (price) and Currency, which two are required?
- A. Performance Obligation Template
- B. SSP Type
- C. Item Identifier
- D. Unit of Measure
- E. Pricing Dimension
Answer: C,D
Explanation:
Explanation
https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm#FAFRM2339998
NEW QUESTION 60
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