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Pass Oracle Cloud 1Z0-1059-24 Exam With 85 Questions
Oracle 1Z0-1059-24 Exam Syllabus Topics:
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NEW QUESTION # 34
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Product Description
- B. Business Unit
- C. Bill To Customer
- D. Delivery Address
- E. Quote Number
- F. Ledger
Answer: A,D,E
NEW QUESTION # 35
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. centralized accounting solution
- B. multiple accounting representations
- C. stand-alone selling price derivation
- D. General Ledger account derivation based on predefined events
- E. revaluation of assets and liabilities
- F. General Ledger journal creation
Answer: B,E,F
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 pricing dimension structure Instance Is enabled for pricing bands
- C. when a value set segment label of Set Band is used
- D. when a pricing dimension structure is enabled for pricing bands
Answer: D
NEW QUESTION # 37
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 total Transaction Price is over the user-defined threshold amount.
- C. The contract is missing standalone selling prices at the promised detail level or at obligation level.
- D. The contract is missing satisfaction events.
Answer: B
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 # 38
What is a contract modification?
- A. an increase or decrease in expected collectability
- B. a change (modification) to the contract data
- C. a revision or correction to the estimate of variable consideration made at inception
- D. a change to the contract caused by negotiation with the customer
Answer: D
NEW QUESTION # 39
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. B, C, A
- B. A, C, B
- C. C, B, A
- D. A, B, C
- E. C, A, B
- F. B, A, C
Answer: F
NEW QUESTION # 40
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It is a predefined Excel FBDI template.
- B. It is a custom template that you are required to build.
- C. It Is a predefined HTML FBDI template.
- D. It is a predefined Java FBDI template.
Answer: A
NEW QUESTION # 41
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:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm
NEW QUESTION # 42
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 Amount
- B. when the Satisfaction Measurement Model is set to Period
- C. when the Satisfaction Measurement Model Is set to Percentage
- D. when the Satisfaction Measurement Model is set to Quantity
Answer: B
NEW QUESTION # 43
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Review performance obligations by effective period.
- B. Analyze standalone selling prices for one or multiple effective periods.
- C. Diagnose revenue price profile.
- D. Monitor transaction price calculation and allocation.
- E. Drill down to data used to derive standalone selling prices.
Answer: B,C
NEW QUESTION # 44
In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?
- A. Review the calculated OSSP.
- B. Run the Calculate Observed Standalone Selling Prices program.
- C. Categorize standalone sales by performance obligation.
- D. Approve the OSSP by establishing it.
- E. Run Create Accounting.
- F. Close the previous period.
Answer: B,C
NEW QUESTION # 45
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:
How many performance obligations will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 46
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:
How many performance obligations will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 47
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- B. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
- C. Add Order Management in the Manage Trading Community Source Systems page.
- D. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- E. Create custom program to extract sales order and fulfillment data from Order Management.
- F. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
Answer: D
NEW QUESTION # 48
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. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- C. 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
- D. 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
- E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
Answer: B,D
NEW QUESTION # 49
Which is the following is NOT a feature of personalization
- A. Saving searches
- B. Changing text font
- C. Selecting default language
- D. Configuring table columns
Answer: B
NEW QUESTION # 50
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?
- A. Independent
- B. Subset
- C. Table
- D. Dependent
- E. Format Only
Answer: E
NEW QUESTION # 51
Oracle Revenue Management is part of_____________________predefined offering.
- A. Incentive Compensation
- B. Fusion Accounting Hub
- C. Enterprise Contracts
- D. Financials
Answer: D
NEW QUESTION # 52
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 Party
- C. Identify Customer Contract Based on Source Document
- D. Identify Customer Contract Based on Source Document Line
Answer: C
NEW QUESTION # 53
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