Nov-2021 Latest PracticeVCE 1Z0-1059-21 Exam Dumps with PDF and Exam Engine Free Updated Today!
Following are some new 1Z0-1059-21 Real Exam Questions!
NEW QUESTION 18
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. A, B, C
- B. C, B, A
- C. A, C, B
- D. B, A, C
- E. C, A, B
- F. B, C, A
Answer: D
NEW QUESTION 19
Which configuration component is Source Document Type NOT connected to?
- A. Performance Obligation Template
- B. Revenue Management System Options
- C. Revenue Price Profile
- D. Performance Obligation Identification Rules
- E. Contract Identification Rules
Answer: C
NEW QUESTION 20
What does the creation of an allocation allow you to determine?
- A. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
- B. the fair value of each performance obligation
- C. the ability not to revise previously reported revenue for revision, corrections, and other changes
- D. an allocation of the expected consideration over the performance obligations as if you had sold them separately
Answer: B
NEW QUESTION 21
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. SSP Type
- B. Pricing Dimension
- C. Performance Obligation Template
- D. Item Identifier
- E. Tolerance ranges
- F. Reason
Answer: A,B,E
NEW QUESTION 22
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 23
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 the sales order Is booked on 14-Sep-2017
- B. when the consultant is deployed to assist customer on 10-Sep-2017
- C. when the product is shipped on 15-Sep-2017
- D. when an invoice is issued on 20-Sep-2017
Answer: B
NEW QUESTION 24
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?
- A. SSP Tolerance Usage
- B. Estimated Standalone Selling Prices
- C. Observed Standalone Selling Prices
- D. Pricing Dimension Assignment
- E. Items
Answer: B,C,D
NEW QUESTION 25
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. Ignore the performance obligation for the toaster because it was free of cost to the customer.
- B. Create the performance obligation for the toaster manually.
- C. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- D. Define an adhoc rule in the Revenue Price Profile to include the toaster.
Answer: C
NEW QUESTION 26
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they provide uniqueness to the Source Document Types.
- B. Because they are needed for integration with Product Management.
- C. Because they are Revenue Management Descriptive Flexfields.
- D. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
Answer: B
NEW QUESTION 27
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Expected consideration value is applicable to all industries.
- B. Revenue and performance obligation liabilities are not dependent on billing.
- C. Pricing estimates cannot be used In the absence of pricing data.
- D. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
Answer: A,C
NEW QUESTION 28
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 Contract Source Data Import
- B. Customer Sales Data Source Documents Import
- C. Customer Contract Source Documents Import
- D. Customer Sales Source Data Import
Answer: A
NEW QUESTION 29
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Inverted Allocation Method
- B. Alternative Allocation Method
- C. Relative Allocation Method
- D. Two Step Allocation Method
- E. Residual Allocation Method
Answer: D
NEW QUESTION 30
At which level does Oracle Revenue management perform accounting?
- A. Performance obligation level
- B. Contract level
- C. Legal entity level
Answer: A
NEW QUESTION 31
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. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- B. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
- C. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
- D. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
Answer: A
NEW QUESTION 32
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigation to an offering's functional area
- B. By searching
- C. By navigating from the Welcome Springboard
- D. By navigating from the Implementation Project
Answer: A,B,D
NEW QUESTION 33
A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?
- A. Smart View
- B. Oracle Transactional Business Intelligence
- C. Business Intelligence Publisher
- D. Reporting Studio
Answer: C
NEW QUESTION 34
What is a Standalone Selling Price (SSP)?
- A. the list price
- B. the price you would use if you sold to a customer separately
- C. the sum of the SSPs of the components
- D. the average of your bundled price
Answer: B
NEW QUESTION 35
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- B. Add Order Management in the Manage Trading Community Source Systems page.
- C. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- D. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
- E. Create custom program to extract sales order and fulfillment data from Order Management.
- F. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
Answer: C
NEW QUESTION 36
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