[Oct-2021] Pass 1Z0-1059-20 Exam in First Attempt Updated1Z0-1059-20 Actual4test Exam Question
Revenue Management Cloud Dumps 1Z0-1059-20 Exam for Full Questions - Exam Study Guide
NEW QUESTION 32
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. Using their existing primary ledger.
- B. Create a secondary ledger.
- C. Create a reporting ledger.
- D. Create a new primary ledger.
Answer: A
NEW QUESTION 33
At which level does Oracle Revenue management perform accounting?
- A. Contract level
- B. Performance obligation level
- C. Legal entity level
Answer: B
NEW QUESTION 34 
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. B, C, A
- B. C, A, B
- C. B, A, C
- D. A, B, C
- E. A, C, B
- F. C, B, A
Answer: C
NEW QUESTION 35
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 36
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 37
What does the creation of an allocation allow you to determine?
- A. the ability not to revise previously reported revenue for revision, corrections, and other changes
- B. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
- D. the fair value of each performance obligation
Answer: D
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION 38
The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?
- A. HTML
- B. PDF
- C. Flat File
- D. PowerPoint
Answer: 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
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 41
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 42
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: B
NEW QUESTION 43
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You value the accrual at estimated consideration and it is a monetary debt.
- B. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- C. 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.
- 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: C
NEW QUESTION 44
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 45
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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?
- A. By defining a Contact Identification Rule.
- B. By defining a Revenue Item Group
- C. By defining a Performance Obligation Template.
- D. By defining a Standalone Selling Price Profile.
Answer: B
NEW QUESTION 46
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
- A. creates the accounting for the stages in the process
- B. allocates the SSP to various satisfaction events
- C. allocates the SSP to various performance obligations
- D. creates customer contracts and performance obligations
- E. recognizes revenue if any satisfaction events exist
Answer: A
NEW QUESTION 47
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 48
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 49
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 50
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 51
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