Oracle Cloud 1Z0-1059-21 Dumps Full Questions with Free PDF Questions to Pass
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Oracle 1Z0-1059-21 Exam Syllabus Topics:
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NEW QUESTION 24
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 Sales Data Source Documents Import
- B. Customer Contract Source Data Import
- C. Customer Sales Source Data Import
- D. Customer Contract Source Documents Import
Answer: B
NEW QUESTION 25
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they are Revenue Management Descriptive Flexfields.
- B. Because they provide uniqueness to the Source Document Types.
- C. Because they are needed for integration with Product Management.
- D. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
Answer: C
NEW QUESTION 26
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. Performance obligation satisfaction event details.
- B. Sales order header level data.
- C. Sales order line level data.
- D. Sub contract level details.
Answer: A
NEW QUESTION 27
How many tabs does the Customer Contract Source Data Import Template have?
- A. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
- B. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- C. 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 - D. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
Answer: D
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 28
Which three statements about Effective Periods are true?
- A. You cannot have overlapping periods.
- B. Gaps between periods are not allowed.
- C. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
- D. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- E. Effective Periods are used for standalone selling prices and for creating journal entries.
Answer: A,D,E
NEW QUESTION 29
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 "Allow Partial" and SMM to "Period"
- C. by setting SM to "Requires Complete" and SMM to "Quantity"
- D. by setting SM to "Requires Complete" and SMM to "Period"
- E. by setting SM to "Requires Complete" and SMM to "Percent"
Answer: D
NEW QUESTION 30
65-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 would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
- A. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- B. By defining an item group and assigning that to the rule
- C. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- D. By defining an exclusion rule to exclude customer classes that are "Retail"
- E. By defining a grouping rule on the customer class
Answer: A
NEW QUESTION 31
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: A
NEW QUESTION 32
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. Enter exchange rate information in Standalone Selling Price Profile.
- D. Run the Revenue Management translation process.
- E. Provide currency conversion details in the Revenue Basis Data Import Template.
Answer: A,D
NEW QUESTION 33
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 Discount Allocation Account at the contract level.
- B. It Tracks the difference in a Write-Off Allocation Account at the contract line 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 level.
Answer: C
NEW QUESTION 34
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Review performance obligations by effective period.
- B. Drill down to data used to derive standalone selling prices.
- C. Analyze standalone selling prices for one or multiple effective periods.
- D. Monitor transaction price calculation and allocation.
- E. Diagnose revenue price profile.
Answer: C,E
NEW QUESTION 35
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?
- A. when the Type is Fixed or Variable
- B. when the Deferred Revenue box is checked
- C. when it is a business requirement
- D. when Context Values are populated
Answer: A
NEW QUESTION 36
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
NEW QUESTION 37
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. Freeze Period
- C. Source Document Type
- D. Default Classification
Answer: A
NEW QUESTION 38
Which three tasks can be performed In the Revenue Management Work Area?
- A. Edit Contract Identification Rules.
- B. Review Performance Satisfaction Plans.
- C. Manage contracts in "Pending Review" status.
- D. Review Revenue Price Profiles.
- E. Review Observed Standalone Selling Prices.
- F. Manage contracts in "Pending Allocation" status.
Answer: C,E,F
NEW QUESTION 39
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by allowing manual allocation of Total Transaction Price across performance obligations
- B. by restricting users from excluding contract lines
- C. by identifying and creating one or more performance obligations for a given accounting contract
- D. by only creating contracts that are source system specific
- E. by calculating Total Transaction Price for contracts
- F. by grouping source document lines intro contracts for each identified customer
Answer: A,D,F
NEW QUESTION 40
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. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- D. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- E. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
Answer: A
NEW QUESTION 41
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Price Variance
- B. Contract Clearing
- C. Contract Revenue
- D. Contract Asset
- E. Contract Liability
- F. Contract Expense
Answer: F
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. Suppliers
- B. Banks, branches and bank accounts
- C. Business Units
- D. Receivables configurations
- E. Customers
- F. Inventory items
Answer: C,E,F
NEW QUESTION 43
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