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NEW QUESTION 47
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 restricting users from excluding contract lines
- D. by calculating Total Transaction Price for contracts
- E. by allowing manual allocation of Total Transaction Price across performance obligations
- F. by only creating contracts that are source system specific
Answer: A,E,F
NEW QUESTION 48
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 Conversion Rate Type in System Options.
- B. Populate exchange rates in Revenue Price Profile.
- C. Create source document types specifically for Euro documents.
- D. Create revenue prices in the Euro currency.
Answer: A
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION 49
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?
- A. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- B. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
- C. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- D. Delete Contracts from the Manage Customer Contracts Ul.
- E. Delete the source data that was imported into Revenue Management and import new source data.
Answer: B
NEW QUESTION 50
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 standalone selling prices at the promised detail level or at obligation level.
- B. The contract is missing satisfaction events.
- C. The contract is missing Billing data.
- D. The total Transaction Price is over the user-defined threshold amount.
Answer: D
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 51
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 choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
- C. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- D. Revenue Management can only integrate to Fusion Receivables.
Answer: A,D
NEW QUESTION 52
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigating from the Implementation Project
- B. By navigation to an offering's functional area
- C. By navigating from the Welcome Springboard
- D. By searching
Answer: A,B,D
NEW QUESTION 53
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. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- C. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
- D. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
Answer: B
NEW QUESTION 54
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates are specific to the business and cannot be predefined.
- B. Oracle delivers three predefined Performance Obligation Templates,
- C. Performance Obligation Templates take precedence over Performance Obligation Rules.
- D. Performance Obligation Templates can be associated to a Revenue Price Profile.
Answer: B
NEW QUESTION 55
Which is NOT a Price Band Type?
- A. Quantity Band
- B. Amount Band
- C. Set Band
- D. Percentage Band
Answer: D
NEW QUESTION 56
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. Set the System Options in EBS Receivables on the Revenue Management tab.
- B. Apply appropriate patches to EBS.
- C. Run the Deploy System Options process.
- D. Map the EBS Chart of Accounts to the Cloud General Ledger.
- E. Set the Profile Option AR: Source System Value for Revenue Management.
Answer: C,D
NEW QUESTION 57
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. B, C, A
- B. A, B, C
- C. A, C, B
- D. B, A, C
- E. C, A, B
- F. C, B, A
Answer: D
NEW QUESTION 58
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?
- A. when the Satisfaction Measurement Model is set to Quantity
- B. when the Satisfaction Measurement Model Is set to Percentage
- C. when the Satisfaction Measurement Model is set to Amount
- D. when the Satisfaction Measurement Model is set to Period
Answer: D
NEW QUESTION 59
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 60
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 61
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 Documents Import
- B. Customer Sales Data Source Documents Import
- C. Customer Sales Source Data Import
- D. Customer Contract Source Data Import
Answer: D
NEW QUESTION 62
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