Oracle Cloud 1Z0-1059-21 Real Exam Questions and Answers FREE Updated on Oct 24, 2021
1Z0-1059-21 Ultimate Study Guide - Actual4Exams
Oracle 1Z0-1059-21 Exam Syllabus Topics:
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NEW QUESTION 36
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. Map the EBS Chart of Accounts to the Cloud General Ledger.
- B. Run the Deploy System Options process.
- C. Set the System Options in EBS Receivables on the Revenue Management tab.
- D. Apply appropriate patches to EBS.
- E. Set the Profile Option AR: Source System Value for Revenue Management.
Answer: A,B
NEW QUESTION 37
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Review performance obligations by effective period.
- B. Drill down to data used to derive standalone selling prices.
- C. Analyze standalone selling prices for one or multiple effective periods.
- D. Monitor transaction price calculation and allocation.
- E. Diagnose revenue price profile.
Answer: C,E
NEW QUESTION 38
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Discount
- B. Contract Unearned Revenue
- C. Contract Asset
- D. Contract Liability
Answer: B
NEW QUESTION 39
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It Is a predefined HTML FBDI template.
- B. It is a predefined Java FBDI template.
- C. It is a predefined Excel FBDI template.
- D. It is a custom template that you are required to build.
Answer: C
NEW QUESTION 40
Which statement is NOT applicable to Performance Obligation Templates?
- A. Oracle delivers three predefined Performance Obligation Templates,
- B. Performance Obligation Templates take precedence over Performance Obligation Rules.
- C. Performance Obligation Templates are specific to the business and cannot be predefined.
- D. Performance Obligation Templates can be associated to a Revenue Price Profile.
Answer: A
NEW QUESTION 41
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. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- C. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
- D. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
- E. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
- F. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
Answer: A,B
NEW QUESTION 42
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. Priority
- B. Freeze Period
- C. Source Document Type
- D. Default Classification
Answer: A
NEW QUESTION 43
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Price Variance
- B. Contract Clearing
- C. Contract Revenue
- D. Contract Asset
- E. Contract Liability
- F. Contract Expense
Answer: F
NEW QUESTION 44
Which is NOT a Price Band Type?
- A. Quantity Band
- B. Percentage Band
- C. Set Band
- D. Amount Band
Answer: B
NEW QUESTION 45
Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue Management, which two reporting objects can users build In the BI catalog?
- A. Infolets
- B. Dashboards
- C. Analysis
- D. Infotile
Answer: B,C
NEW QUESTION 46
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?
- A. It tracks the difference In a Discount Allocation Account at the contract level.
- B. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
- C. It tracks the difference in a Discount Allocation Account at the contract line level.
- D. It tracks the difference in a Write-off Allocation Account at the contract level.
Answer: C
NEW QUESTION 47
Which setup component Is NOT connected to a Revenue Price Profile?
- A. Contract Identification Rules
- B. Pricing Dimension Segments
- C. Source Document Types
- D. Items
Answer: C
NEW QUESTION 48
Which three tasks can be performed In the Revenue Management Work Area?
- A. Edit Contract Identification Rules.
- B. Review Performance Satisfaction Plans.
- C. Manage contracts in "Pending Review" status.
- D. Review Revenue Price Profiles.
- E. Review Observed Standalone Selling Prices.
- F. Manage contracts in "Pending Allocation" status.
Answer: C,E,F
NEW QUESTION 49
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Quote Number
- B. Business Unit
- C. Product Description
- D. Ledger
- E. Delivery Address
- F. Bill To Customer
Answer: A,C,E
NEW QUESTION 50
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. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
- C. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
- D. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
Answer: A
NEW QUESTION 51
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:
How many performance obligations will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 52
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. Populate Conversion Rate Type in System Options.
- C. Create revenue prices in the Euro currency.
- D. Populate exchange rates in Revenue Price Profile.
Answer: B
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION 53
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. Expected consideration value is applicable to all industries.
- C. Pricing estimates cannot be used In the absence of pricing data.
- D. Revenue and performance obligation liabilities are not dependent on billing.
Answer: B,C
NEW QUESTION 54
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. The value sets
- C. The shape: Same nunmber of segments and order
- D. Wether Dynamic Combination Creation Allowed is enabled
- E. The Query Required option
Answer: B,C
NEW QUESTION 55
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a value set segment label of Set Band is used
- B. when a source document type is enabled to use pricing bands
- C. when a pricing dimension structure Instance Is enabled for pricing bands
- D. when a pricing dimension structure is enabled for pricing bands
Answer: D
NEW QUESTION 56
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 Sales Source Data Import
- D. Customer Contract Source Documents Import
Answer: B
NEW QUESTION 57
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