[2021] 1Z0-1059-21 All-in-One Exam Guide Practice To your 1Z0-1059-21 Exam!

Preparations of 1Z0-1059-21 Exam 2021 Oracle Cloud Unlimited 82 Questions

Oracle 1Z0-1059-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Revenue Management Reporting Revenue Contracts Load Data Using FBDI Templates
Topic 2	Process Customer Contract Source Documents Use Delivered Reports
Topic 3	Explain Contracts, Performance Obligations and Contract Maintenance Explain how to create OTBI reporting objects
Topic 4	Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)
Topic 5	Describe The Revenue Management User Interface Revenue Management Setups
Topic 6	Configure and Manage Standalone Selling Prices Revenue Management Overview
Topic 7	Describe Revenue Management Integration Requirements Analyze Accounting in Revenue Management
Topic 8	Standalone Selling Price and Related Configurations Configure The Revenue Management Application

NEW QUESTION 22
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

• A. Create a reporting ledger.
• B. Create a secondary ledger.
• C. Using their existing primary ledger.
• D. Create a new primary ledger.

Answer: C

 

NEW QUESTION 23
What is a contract modification?

• A. a revision or correction to the estimate of variable consideration made at inception
• B. a change to the contract caused by negotiation with the customer
• C. an increase or decrease in expected collectability
• D. a change (modification) to the contract data

Answer: B

 

NEW QUESTION 24
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 25
Oracle Revenue Management is part of_____________________predefined offering.

• A. Incentive Compensation
• B. Fusion Accounting Hub
• C. Financials
• D. Enterprise Contracts

Answer: C

 

NEW QUESTION 26
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 27
Which statement is NOT applicable to Performance Obligation Templates?

• A. Oracle delivers three predefined Performance Obligation Templates,
• B. Performance Obligation Templates take precedence over Performance Obligation Rules.
• C. Performance Obligation Templates are specific to the business and cannot be predefined.
• D. Performance Obligation Templates can be associated to a Revenue Price Profile.

Answer: A

 

NEW QUESTION 28
What is the correct match sequence of the descriptions A, B and C against the titles?

• A. C, B, A
• B. B, A, C
• C. B, C, A
• D. A, B, C
• E. A, C, B
• F. C, A, B

Answer: B

 

NEW QUESTION 29
A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:

Which Price Band Segment Label would be appropriate to use in this case?

• A. Quantity Band
• B. Deal Size Band
• C. Set Band
• D. Amount Band

Answer: D

 

NEW QUESTION 30
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 Contracts from the Manage Customer Contracts Ul.
• B. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
• C. 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.
• D. Delete the source data that was imported into Revenue Management and import new source data.
• E. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.

Answer: C

 

NEW QUESTION 31
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

• A. allow partial
• B. require partial
• C. require complete
• D. allow complete

Answer: A,C

 

NEW QUESTION 32
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. Run the Deploy System Options process.
• C. Set the System Options in EBS Receivables on the Revenue Management tab.
• D. Apply appropriate patches to EBS.
• E. Set the Profile Option AR: Source System Value for Revenue Management.

Answer: A,B

 

NEW QUESTION 33
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

• A. stand-alone selling price assigned to the promised detail line
• B. transaction price derived from the source system line import
• C. revenue recognized for each performance obligation
• D. transaction price distributed to each performance obligation

Answer: D

 

NEW QUESTION 34
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 35
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. the source document types
• C. pricing bands
• D. a pricing dimension structure instance

Answer: C

 

NEW QUESTION 36
Which is NOT a predefined Accounting Class for Revenue Management?

• A. Contract Discount
• B. Contract Unearned Revenue
• C. Contract Asset
• D. Contract Liability

Answer: B

 

NEW QUESTION 37
Which is NOT a Price Band Type?

• A. Quantity Band
• B. Percentage Band
• C. Set Band
• D. Amount Band

Answer: B

 

NEW QUESTION 38
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 39
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 40
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 41
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 42
Which method is used to allocate total transaction price across performance obligations in Revenue Management?

• A. Two Step Allocation Method
• B. Inverted Allocation Method
• C. Alternative Allocation Method
• D. Relative Allocation Method
• E. Residual Allocation Method

Answer: A

 

NEW QUESTION 43
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