Latest [May 05, 2023] 100% Passing Guarantee - Brilliant 1z0-1059-22 Exam Questions PDF
1z0-1059-22 Certification – Valid Exam Dumps Questions Study Guide! (Updated 85 Questions)
The Oracle 1z0-1059-22 exam consists of 60 multiple-choice questions that have to be completed in 105 minutes. The exam covers topics such as defining revenue models, configuring pricing policies, managing contracts, and automating revenue recognition. The exam also tests the candidate's knowledge of integration with other Oracle Cloud services and third-party applications.
NEW QUESTION # 13
The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?
- A. Sales order line level data.
- B. Sub contract level details.
- C. Sales order header level data.
- D. Performance obligation satisfaction event details.
Answer: D
NEW QUESTION # 14
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 # 15
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. pricing bands
- B. a pricing dimension structure
- C. the source document types
- D. a pricing dimension structure instance
Answer: A
NEW QUESTION # 16
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 "Quantity"
- E. by setting SM to "Requires Complete" and SMM to "Percent"
Answer: B
NEW QUESTION # 17
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
- A. Initial Performance
- B. Performance Obligation Billed
- C. Revenue Recognized
- D. Performance Obligation Satisfied
- E. Standalone Selling Prices Allocated
Answer: A,C,D
NEW QUESTION # 18
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigating from the Implementation Project
- B. By searching
- C. By navigation to an offering's functional area
- D. By navigating from the Welcome Springboard
Answer: A,B,C
NEW QUESTION # 19
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. Default Classification
- C. Freeze Period
- D. Source Document Type
Answer: A
NEW QUESTION # 20
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:
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 # 21
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. Review the calculated OSSP.
- B. Approve the OSSP by establishing it.
- C. Run the Calculate Observed Standalone Selling Prices program.
- D. Close the previous period.
- E. Categorize standalone sales by performance obligation.
- F. Run Create Accounting.
Answer: C,E
NEW QUESTION # 22
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
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm
NEW QUESTION # 23
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. Business Intelligence Publisher
- B. Reporting Studio
- C. Smart View
- D. Oracle Transactional Business Intelligence
Answer: A
NEW QUESTION # 24
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
- A. Receivables configurations
- B. Customers
- C. Banks, branches and bank accounts
- D. Suppliers
- E. Business Units
- F. Inventory items
Answer: B,E,F
NEW QUESTION # 25
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Financials
- C. Fusion Accounting Hub
- D. Incentive Compensation
Answer: B
NEW QUESTION # 26
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. Populate exchange rates in Revenue Price Profile.
- B. Create revenue prices in the Euro currency.
- C. Populate Conversion Rate Type in System Options.
- D. Create source document types specifically for Euro documents.
Answer: C
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION # 27
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.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?
- A. Enter exchange rate information in Standalone Selling Price Profile.
- B. Provide currency conversion details in the Revenue Basis Data Import Template.
- C. Run the Revenue Management translation process.
- D. Enter Conversion Rate Type in System Options.
- E. Select Conversion Rate Type in the Source Document Type setup.
Answer: C,D
NEW QUESTION # 28
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. stand-alone selling price derivation
- B. multiple accounting representations
- C. General Ledger journal creation
- D. centralized accounting solution
- E. revaluation of assets and liabilities
- F. General Ledger account derivation based on predefined events
Answer: B,C,E
NEW QUESTION # 29
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Drill down to data used to derive standalone selling prices.
- B. Analyze standalone selling prices for one or multiple effective periods.
- C. Review performance obligations by effective period.
- D. Monitor transaction price calculation and allocation.
- E. Diagnose revenue price profile.
Answer: B,E
NEW QUESTION # 30
What is a contract modification?
- A. an increase or decrease in expected collectability
- B. a change (modification) to the contract data
- C. a change to the contract caused by negotiation with the customer
- D. a revision or correction to the estimate of variable consideration made at inception
Answer: C
NEW QUESTION # 31
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 Line
- C. Identify Customer Contract Based on Source Document
- D. Identify Customer Contract Based on Party
Answer: C
NEW QUESTION # 32
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The Oracle 1z0-1059-22 exam is an industry-recognized certification that validates the skills and knowledge of professionals in implementing Oracle Revenue Management Cloud Service 2022. This certification exam is designed for individuals who want to demonstrate their expertise in implementing revenue management solutions and optimizing revenue for their organizations.
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