Exam 1z0-1059-22 Realistic Dumps Verified Questions Free [Mar 31, 2023]
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NEW QUESTION 12
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. Freeze Period
- B. Default Classification
- C. Source Document Type
- D. Priority
Answer: D
NEW QUESTION 13
You define a Contract Identification Rule that uses the following source document attributes to match
transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
How many contracts will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: C
NEW QUESTION 14
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
- B. Create custom program to extract sales order and fulfillment data from Order Management.
- C. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
- D. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- E. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- F. Add Order Management in the Manage Trading Community Source Systems page.
Answer: E
NEW QUESTION 15
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. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- B. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
- C. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
- D. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
- E. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
- F. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
Answer: A,D
NEW QUESTION 16
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. Quantity Band
- B. Deal Size Band
- C. Amount Band
- D. Set Band
Answer: C
NEW QUESTION 17
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. General Ledger account derivation based on predefined events
- B. multiple accounting representations
- C. centralized accounting solution
- D. General Ledger journal creation
- E. revaluation of assets and liabilities
- F. stand-alone selling price derivation
Answer: B,D,E
NEW QUESTION 18
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 standalone selling prices at the promised detail level or at obligation level.
- C. The contract is missing Billing data.
- D. The contract is missing satisfaction events.
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 19
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- B. You value the accrual at estimated consideration and it is a monetary debt.
- C. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- D. 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.
- E. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
Answer: D
NEW QUESTION 20
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. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
- C. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
- 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 21
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Asset
- B. Contract Expense
- C. Contract Revenue
- D. Contract Clearing
- E. Contract Liability
- F. Contract Price Variance
Answer: B
NEW QUESTION 22
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Asset
- B. Contract Discount
- C. Contract Unearned Revenue
- D. Contract Liability
Answer: C
NEW QUESTION 23
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. Create a secondary ledger.
- C. Create a new primary ledger.
- D. Using their existing primary ledger.
Answer: D
NEW QUESTION 24
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. 60 User Extensible Fields
- B. 50 User Extensible Fields
- C. 10 User Extensible Fields
- D. 90 User Extensible Fields
Answer: C
NEW QUESTION 25
How many tabs does the Customer Contract Source Data Import Template have?
- A. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- B. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- C. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
- D. four tabs that store data for the
VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively
Answer: B
Explanation:
You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details
NEW QUESTION 26
What does a Variable Consideration require?
- A. an estimate of the consideration be made at inception only
- B. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
- C. a disclosure be made to the shareholders
- D. that the consideration be monetary
Answer: A
Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION 27
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How should you configure
Revenue management to ensure that these items are grouped into one performance obligation?
- A. By defining a Contact Identification Rule.
- B. By defining a Revenue Item Group
- C. By defining a Performance Obligation Template.
- D. By defining a Standalone Selling Price Profile.
Answer: B
NEW QUESTION 28
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. PDF
- B. HTML
- C. PowerPoint
- D. Flat File
Answer: D
NEW QUESTION 29
Which is the following is NOT a feature of personalization
- A. Saving searches
- B. Selecting default language
- C. Changing text font
- D. Configuring table columns
Answer: C
NEW QUESTION 30
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It is a predefined Excel FBDI template.
- B. It is a predefined Java FBDI template.
- C. It is a custom template that you are required to build.
- D. It Is a predefined HTML FBDI template.
Answer: A
NEW QUESTION 31
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......
What is the difference between Selling Amount and Allocated Amount?
- A. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
- B. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
- C. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
- D. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
Answer: A
NEW QUESTION 32
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. Performance Obligation Satisfied
- B. Standalone Selling Prices Allocated
- C. Performance Obligation Billed
- D. Revenue Recognized
- E. Initial Performance
Answer: A,D,E
NEW QUESTION 33
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