Latest [Nov 24, 2021] Oracle 1Z0-1059-21 Exam Practice Test To Gain Brilliante Result
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Oracle 1Z0-1059-21 Exam Syllabus Topics:
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NEW QUESTION 34
How many tabs does the Customer Contract Source Data Import Template have?
- A. 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 - B. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- C. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- D. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
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 35
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 only creating contracts that are source system specific
- C. by calculating Total Transaction Price for contracts
- D. by identifying and creating one or more performance obligations for a given accounting contract
- E. by restricting users from excluding contract lines
- F. by allowing manual allocation of Total Transaction Price across performance obligations
Answer: A,B,F
NEW QUESTION 36
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
- A. Oracle Subledger Accounting
- B. Oracle Receivables
- C. Oracle Revenue Management Cloud
- D. Oracle General Ledger
Answer: A,C
NEW QUESTION 37
Which setup component Is NOT connected to a Revenue Price Profile?
- A. Contract Identification Rules
- B. Source Document Types
- C. Items
- D. Pricing Dimension Segments
Answer: B
NEW QUESTION 38
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 Period
- B. when the Satisfaction Measurement Model Is set to Percentage
- C. when the Satisfaction Measurement Model is set to Quantity
- D. when the Satisfaction Measurement Model is set to Amount
Answer: A
NEW QUESTION 39
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. Apply appropriate patches to EBS.
- B. Run the Deploy System Options process.
- C. Set the System Options in EBS Receivables on the Revenue Management tab.
- 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: B,D
NEW QUESTION 40
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. a pricing dimension structure instance
- B. the source document types
- C. a pricing dimension structure
- D. pricing bands
Answer: D
NEW QUESTION 41
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
- A. recognizes revenue if any satisfaction events exist
- B. allocates the SSP to various satisfaction events
- C. allocates the SSP to various performance obligations
- D. creates customer contracts and performance obligations
- E. creates the accounting for the stages in the process
Answer: E
NEW QUESTION 42
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. Inventory items
- B. Suppliers
- C. Receivables configurations
- D. Business Units
- E. Banks, branches and bank accounts
- F. Customers
Answer: A,D,F
NEW QUESTION 43
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
- B. Because they are needed for integration with Product Management.
- C. Because they provide uniqueness to the Source Document Types.
- D. Because they are Revenue Management Descriptive Flexfields.
Answer: B
NEW QUESTION 44
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. 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.
- B. You value the accrual at estimated consideration and it is a monetary debt.
- C. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- D. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- E. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
Answer: A
NEW QUESTION 45
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 Write-off Allocation Account at the contract level.
- B. It tracks the difference In a Discount Allocation Account at the contract 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 line level.
Answer: C
NEW QUESTION 46
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. 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.
- B. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- C. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- D. Delete the source data that was imported into Revenue Management and import new source data.
- E. Delete Contracts from the Manage Customer Contracts Ul.
Answer: A
NEW QUESTION 47
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a pricing dimension structure Instance Is enabled for pricing bands
- B. when a pricing dimension structure is enabled for pricing bands
- C. when a value set segment label of Set Band is used
- D. when a source document type is enabled to use pricing bands
Answer: B
NEW QUESTION 48
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. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
- D. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
Answer: B
NEW QUESTION 49
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 50
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Inverted Allocation Method
- B. Alternative Allocation Method
- C. Two Step Allocation Method
- D. Relative Allocation Method
- E. Residual Allocation Method
Answer: C
NEW QUESTION 51
Which is the following is NOT a feature of personalization
- A. Saving searches
- B. Selecting default language
- C. Configuring table columns
- D. Changing text font
Answer: D
NEW QUESTION 52
Why Is Satisfaction Method a key element of a Performance Obligation?
- A. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
- B. because it calculates the amount of Total Transaction Price allocated to date
- C. because it calculates the percentage of Total Transaction Price allocated to date
- D. because it specifies whether revenue has been fully or partially recognized for a good or service
Answer: A
NEW QUESTION 53
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