Full 1Z0-1059-20 Practice Test and 73 unique questions with explanations waiting just for you!
Revenue Management Cloud Dumps 1Z0-1059-20 Exam for Full Questions - Exam Study Guide
NEW QUESTION 33
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by identifying and creating one or more performance obligations for a given accounting contract
- B. by allowing manual allocation of Total Transaction Price across performance obligations
- C. by grouping source document lines intro contracts for each identified customer
- D. by calculating Total Transaction Price for contracts
- E. by only creating contracts that are source system specific
- F. by restricting users from excluding contract lines
Answer: B,C,E
NEW QUESTION 34
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates take precedence over Performance Obligation Rules.
- B. Performance Obligation Templates are specific to the business and cannot be predefined.
- C. Performance Obligation Templates can be associated to a Revenue Price Profile.
- D. Oracle delivers three predefined Performance Obligation Templates,
Answer: D
NEW QUESTION 35
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 Contracts from the Manage Customer Contracts Ul.
- E. Delete the source data that was imported into Revenue Management and import new source data.
Answer: A
NEW QUESTION 36
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a source document type is enabled to use pricing bands
- B. when a value set segment label of Set Band is used
- C. when a pricing dimension structure Instance Is enabled for pricing bands
- D. when a pricing dimension structure is enabled for pricing bands
Answer: D
NEW QUESTION 37
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 Context Values are populated
- C. when the Deferred Revenue box is checked
- D. when it is a business requirement
Answer: A
NEW QUESTION 38
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
- A. Oracle Receivables
- B. Oracle Subledger Accounting
- C. Oracle Revenue Management Cloud
- D. Oracle General Ledger
Answer: B,C
NEW QUESTION 39
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 40
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 41
Given your organization's Interactions with one of Its customers:
* A consultant is deployed to assist customer on 10-Sep-2017.
* A Sales order is booked on 14-Sep-2017.
* The Product is shipped on 15-Sep-2017.
* An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?
- A. when the product is shipped on 15-Sep-2017
- B. when the sales order Is booked on 14-Sep-2017
- C. when an invoice is issued on 20-Sep-2017
- D. when the consultant is deployed to assist customer on 10-Sep-2017
Answer: D
NEW QUESTION 42
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS
15 versus the old standard?
- A. Pricing estimates cannot be used In the absence of pricing data.
- B. Expected consideration value is applicable to all industries.
- C. Revenue and performance obligation liabilities are not dependent on billing.
- D. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
Answer: A,B
NEW QUESTION 43
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
- B. pricing bands
- C. the source document types
- D. a pricing dimension structure instance
Answer: B
NEW QUESTION 44
Which is Not a required piece of information when importing contract header information from a source file?
- A. Currency code of source document
- B. Record Type
- C. Source System
- D. Source Document Unique Identifier Number 1
- E. Source Document Type code
- F. Date of source Document
Answer: D
NEW QUESTION 45
At which level does Oracle Revenue management perform accounting?
- A. Contract level
- B. Performance obligation level
- C. Legal entity level
Answer: B
NEW QUESTION 46
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 47
Which is a term under ASC 606 or IFRS 15?
- A. initial performance event
- B. transaction price
- C. promise detail
- D. requires complete
Answer: B
NEW QUESTION 48
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Incentive Compensation
- C. Fusion Accounting Hub
- D. Financials
Answer: D
NEW QUESTION 49
What does a Variable Consideration require?
- A. a disclosure be made to the shareholders
- B. an estimate of the consideration be made at inception only
- C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
- D. that the consideration be monetary
Answer: B
Explanation:
Explanation
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION 50
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 Contract Source Data Import
- D. Customer Sales Source Data Import
Answer: C
NEW QUESTION 51
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 52
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 53
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION 54
Which three statements about Effective Periods are true?
- A. Effective Periods are used for standalone selling prices and for creating journal entries.
- B. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
- C. You cannot have overlapping periods.
- D. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- E. Gaps between periods are not allowed.
Answer: A,C,D
NEW QUESTION 55
What is a contract modification?
- A. a revision or correction to the estimate of variable consideration made at inception
- B. an increase or decrease in expected collectability
- C. a change (modification) to the contract data
- D. a change to the contract caused by negotiation with the customer
Answer: D
NEW QUESTION 56
Which, when transferred to a customer, allows you to recognize revenue?
- A. an invoice
- B. a shipment
- C. a performance obligation
- D. promise detail
Answer: C
NEW QUESTION 57
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