Oracle 1Z0-1059-24 Exam Dumps - PDF Questions and Testing Engine
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Oracle 1Z0-1059-24 Exam Syllabus Topics:
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NEW QUESTION # 40
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 Sales Source Data Import
- D. Customer Contract Source Documents Import
Answer: A
NEW QUESTION # 41
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?
- A. by setting SM to "Allow Partial" and SMM to "Quantity"
- B. by setting SM to "Requires Complete" and SMM to "Period"
- C. by setting SM to "Allow Partial" and SMM to "Period"
- D. by setting SM to "Requires Complete" and SMM to "Percent"
- E. by setting SM to "Requires Complete" and SMM to "Quantity"
Answer: B
NEW QUESTION # 42
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. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- C. the ability not to revise previously reported revenue for revision, corrections, and other changes
- D. the fair value of each performance obligation
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION # 43
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. Amount Band
- B. Deal Size Band
- C. Quantity Band
- D. Set Band
Answer: A
NEW QUESTION # 44
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. Pricing Dimension Assignment
- B. Estimated Standalone Selling Prices
- C. Observed Standalone Selling Prices
- D. Items
- E. SSP Tolerance Usage
Answer: A,B,C
NEW QUESTION # 45
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 contract is missing Billing data.
- B. The contract is missing standalone selling prices at the promised detail level or at obligation level.
- C. The total Transaction Price is over the user-defined threshold amount.
- D. The contract is missing satisfaction events.
Answer: C
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 # 46
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Unearned Revenue
- B. Contract Discount
- C. Contract Asset
- D. Contract Liability
Answer: A
NEW QUESTION # 47
Which is NOT a required piece of information when importing contract header Information from a source file?
- A. Date of Source Document
- B. Source Document Unique Identifier Number 1
- C. Source Document Type code
- D. Currency code of source document
- E. Source System
- F. Record Type
Answer: B
NEW QUESTION # 48
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- B. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
- C. You value the accrual at estimated consideration and it is a monetary debt.
- D. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- E. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
Answer: B
NEW QUESTION # 49
At which level does Oracle Revenue management perform accounting?
- A. Contract level
- B. Legal entity level
- C. Performance obligation level
Answer: C
NEW QUESTION # 50
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
- A. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
- B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- C. Revenue Management can only integrate to Fusion Receivables.
- D. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
Answer: A,C
NEW QUESTION # 51
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 download spreadsheet template to enter estimated prices manually.
- B. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
- C. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
- D. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
- E. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- F. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
Answer: A,E
NEW QUESTION # 52
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. 10 User Extensible Fields
- B. 60 User Extensible Fields
- C. 90 User Extensible Fields
- D. 50 User Extensible Fields
Answer: A
NEW QUESTION # 53
What is a Performance Obligation?
- A. a promise to a customer
- B. a combination of customer type and product code
- C. a promise to a customer on which either party has acted
- D. a product code or SKU
Answer: A
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2456627
NEW QUESTION # 54
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 # 55
Which three statements about Effective Periods are true?
- A. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- B. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
- C. You cannot have overlapping periods.
- D. Effective Periods are used for standalone selling prices and for creating journal entries.
- E. Gaps between periods are not allowed.
Answer: A,C,D
NEW QUESTION # 56
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 the Type is Fixed or Variable
- B. when Context Values are populated
- C. when the Deferred Revenue box is checked
- D. when it is a business requirement
Answer: A
NEW QUESTION # 57
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. creates customer contracts and performance obligations
- C. creates the accounting for the stages in the process
- D. allocates the SSP to various performance obligations
- E. allocates the SSP to various satisfaction events
Answer: C
NEW QUESTION # 58
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?
- A. Identify Customer Contract Based on Source System
- B. Identify Customer Contract Based on Source Document
- C. Identify Customer Contract Based on Source Document Line
- D. Identify Customer Contract Based on Party
Answer: B
NEW QUESTION # 59
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 value set segment label of Set Band is used
- C. when a pricing dimension structure is enabled for pricing bands
- D. when a source document type is enabled to use pricing bands
Answer: C
NEW QUESTION # 60
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Ledger
- B. Quote Number
- C. Product Description
- D. Delivery Address
- E. Bill To Customer
- F. Business Unit
Answer: B,C,D
NEW QUESTION # 61
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. A, C, B
- B. C, B, A
- C. B, A, C
- D. B, C, A
- E. C, A, B
- F. A, B, C
Answer: C
NEW QUESTION # 62
Which configuration component is Source Document Type NOT connected to?
- A. Revenue Management System Options
- B. Performance Obligation Identification Rules
- C. Contract Identification Rules
- D. Revenue Price Profile
- E. Performance Obligation Template
Answer: D
NEW QUESTION # 63
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by grouping source document lines intro contracts for each identified customer
- B. by identifying and creating one or more performance obligations for a given accounting contract
- C. by allowing manual allocation of Total Transaction Price across performance obligations
- D. by calculating Total Transaction Price for contracts
- E. by restricting users from excluding contract lines
- F. by only creating contracts that are source system specific
Answer: A,C,F
NEW QUESTION # 64
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