1Z0-1059-20 Pre-Exam Practice Tests | (Updated 73 Questions)
Valid 1Z0-1059-20 Exam Q&A PDF - One Year Free Update
NEW QUESTION 42
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Incentive Compensation
- C. Fusion Accounting Hub
- D. Financials
Answer: D
NEW QUESTION 43
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. Wether Dynamic Combination Creation Allowed is enabled
- B. The shape: Same nunmber of segments and order
- C. The Displayed option
- D. The Query Required option
- E. The value sets
Answer: B,E
NEW QUESTION 44
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 Billing data.
- B. The contract is missing satisfaction events.
- C. The total Transaction Price is over the user-defined threshold amount.
- D. The contract is missing standalone selling prices at the promised detail level or at obligation level.
Answer: C
Explanation:
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 45
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 an exclusion rule to exclude customer classes that are "Retail"
- B. 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
- C. By defining an item group and assigning that to the rule
- D. By defining a grouping rule on the customer class
- E. 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
Answer: E
NEW QUESTION 46
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigating from the Implementation Project
- B. By searching
- C. By navigating from the Welcome Springboard
- D. By navigation to an offering's functional area
Answer: A,B,D
NEW QUESTION 47
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)
- A. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
- B. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
- C. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- D. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
Answer: A,C
NEW QUESTION 48
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?
- A. Identify Customer Contract Based on Source System
- B. Identify Customer Contract Based on Source Document
- C. Identify Customer Contract Based on Party
- D. Identify Customer Contract Based on Source Document Line
Answer: B
NEW QUESTION 49
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. Reporting Studio
- B. Business Intelligence Publisher
- C. Smart View
- D. Oracle Transactional Business Intelligence
Answer: B
NEW QUESTION 50
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
- A. Daily Revenue Rate, Partial Periods
- B. Partial Schedule
- C. Daily Revenue Rate, All Periods
- D. Variable Schedule
- E. Daily Revenue Rate
- F. Fixed Schedule
Answer: F
NEW QUESTION 51
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 Query Required option
- B. the shape: Same number of segments and order
- C. whether Dynamic Combination Creation Allowed is enabled
- D. the value sets
- E. the Displayed option
Answer: B,C
NEW QUESTION 52
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. Create revenue prices in the Euro currency.
- B. Populate Conversion Rate Type in System Options.
- C. Populate exchange rates in Revenue Price Profile.
- D. Create source document types specifically for Euro documents.
Answer: B
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM
NEW QUESTION 53
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Delivery Address
- B. Bill To Customer
- C. Product Description
- D. Quote Number
- E. Ledger
- F. Business Unit
Answer: A,C,D
NEW QUESTION 54
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. Map the EBS Chart of Accounts to the Cloud General Ledger.
- B. Apply appropriate patches to EBS.
- C. Set the System Options in EBS Receivables on the Revenue Management tab.
- D. Run the Deploy System Options process.
- E. Set the Profile Option AR: Source System Value for Revenue Management.
Answer: A,D
NEW QUESTION 55
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
In addition to the SSP Value (price) and Currency, which two are required?
- A. Performance Obligation Template
- B. Pricing Dimension
- C. Unit of Measure
- D. Item Identifier
- E. SSP Type
Answer: C,D
Explanation:
Explanation
https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm#FAFRM2339998
NEW QUESTION 56
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 "Requires Complete" and SMM to "Percent"
- B. by setting SM to "Requires Complete" and SMM to "Period"
- C. by setting SM to "Allow Partial" and SMM to "Period"
- D. by setting SM to "Requires Complete" and SMM to "Quantity"
- E. by setting SM to "Allow Partial" and SMM to "Quantity"
Answer: B
NEW QUESTION 57
How many tabs does the Customer Contract Source Data Import Template have?
- A. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- 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. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
Answer: A
Explanation:
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 58
Which setup component Is NOT connected to a Revenue Price Profile?
- A. Items
- B. Pricing Dimension Segments
- C. Contract Identification Rules
- D. Source Document Types
Answer: D
NEW QUESTION 59
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 Amount
- C. when the Satisfaction Measurement Model Is set to Percentage
- D. when the Satisfaction Measurement Model is set to Period
Answer: D
NEW QUESTION 60 
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
- A. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
- B. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
- 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: B,D
NEW QUESTION 61
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. your debt to customers for goods and services you are obliged to deliver to them by either party acting
- B. Unearned Revenue
- C. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
- D. your invoiced goods and services less those goods and services that you have not yet delivered
Answer: A
NEW QUESTION 62
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
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_
NEW QUESTION 63
......
Oracle Revenue Management Cloud Service 2020 Implementation Essentials Free Update Certification Sample Questions: https://www.vce4plus.com/Oracle/1Z0-1059-20-valid-vce-dumps.html