Oracle 1z0-1059-22 Real Exam Questions Test Engine Dumps Training With 85 Questions
1z0-1059-22 Actual Questions Answers PDF 100% Cover Real Exam Questions
Oracle 1z0-1059-22 Exam Syllabus Topics:
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NEW QUESTION 28
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 29
The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?
- A. Flat File
- B. PowerPoint
- C. PDF
- D. HTML
Answer: A
NEW QUESTION 30
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 shape: Same number of segments and order
- C. whether Dynamic Combination Creation Allowed is enabled
- D. the value sets
- E. the Query Required option
Answer: B,C
NEW QUESTION 31
Which, when transferred to a customer, allows you to recognize revenue?
- A. an invoice
- B. a shipment
- C. a performance obligation
- D. promise detail
Answer: C
NEW QUESTION 32
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 33
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?
- A. Create a reporting ledger.
- B. Using their existing primary ledger.
- C. Create a secondary ledger.
- D. Create a new primary ledger.
Answer: B
NEW QUESTION 34
Which configuration component is Source Document Type NOT connected to?
- A. Performance Obligation Identification Rules
- B. Performance Obligation Template
- C. Revenue Price Profile
- D. Revenue Management System Options
- E. Contract Identification Rules
Answer: C
NEW QUESTION 35
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. B, C, A
- B. A, C, B
- C. B, A, C
- D. C, A, B
- E. C, B, A
- F. A, B, C
Answer: C
NEW QUESTION 36
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates can be associated to a Revenue Price Profile.
- B. Performance Obligation Templates take precedence over Performance Obligation Rules.
- C. Performance Obligation Templates are specific to the business and cannot be predefined.
- D. Oracle delivers three predefined Performance Obligation Templates,
Answer: D
NEW QUESTION 37
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. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
- 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. Run the Calculate Observed Standalone Selling Prices program to derive prices.
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm
NEW QUESTION 38
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 an invoice is issued on 20-Sep-2017
- B. when the consultant is deployed to assist customer on 10-Sep-2017
- C. when the sales order Is booked on 14-Sep-2017
- D. when the product is shipped on 15-Sep-2017
Answer: B
NEW QUESTION 39
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 40
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Clearing
- B. Contract Liability
- C. Contract Expense
- D. Contract Asset
- E. Contract Revenue
- F. Contract Price Variance
Answer: C
NEW QUESTION 41
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 42
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 Conversion Rate Type in System Options.
- B. Select Conversion Rate Type in the Source Document Type setup.
- C. Run the Revenue Management translation process.
- D. Provide currency conversion details in the Revenue Basis Data Import Template.
- E. Enter exchange rate information in Standalone Selling Price Profile.
Answer: A,C
NEW QUESTION 43
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
- A. transaction price distributed to each performance obligation
- B. revenue recognized for each performance obligation
- C. stand-alone selling price assigned to the promised detail line
- D. transaction price derived from the source system line import
Answer: A
NEW QUESTION 44
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
- A. If nonexistent, these accounts need to be added to the chart of accounts.
- B. These accounts are optional in Revenue Management.
- C. These accounts are not relevant to Revenue Management.
- D. If nonexistent, these accounts are added automatically to the chart of accounts.
Answer: D
NEW QUESTION 45
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. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
- B. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
- C. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
- D. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
- E. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
- F. Run the Calculate Observed Standalone Selling Prices program to derive prices.
Answer: C,F
NEW QUESTION 46
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