Ultimate Guide to Prepare 1Z0-1059-20 with Accurate PDF Questions [Dec 27, 2021]
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NEW QUESTION 42
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?
- A. Source Document Type
- B. Priority
- C. Freeze Period
- D. Default Classification
Answer: B
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. whether Dynamic Combination Creation Allowed is enabled
- B. the Query Required option
- C. the value sets
- D. the shape: Same number of segments and order
- E. the Displayed option
Answer: A,D
NEW QUESTION 44
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
- A. allocates the SSP to various satisfaction events
- B. creates the accounting for the stages in the process
- C. creates customer contracts and performance obligations
- D. allocates the SSP to various performance obligations
- E. recognizes revenue if any satisfaction events exist
Answer: B
NEW QUESTION 45
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. Smart View
- B. Oracle Transactional Business Intelligence
- C. Business Intelligence Publisher
- D. Reporting Studio
Answer: C
NEW QUESTION 46
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It is a predefined Java FBDI template.
- B. It is a custom template that you are required to build.
- C. It is a predefined Excel FBDI template.
- D. It Is a predefined HTML FBDI template.
Answer: C
NEW QUESTION 47
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Define up to 30 segments and name them.
- B. Define up to 20 segments and name them.
- C. Assign required segment labels to each segment.
- D. Include user friendly prompts for each segment.
- E. Create multiple instances for a given Pricing Dimension Structure.
- F. Analyze pricing policies across products and services.
Answer: A,C,F
NEW QUESTION 48
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 a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- 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 exclusion rule to exclude customer classes that are "Retail"
- D. By defining an item group and assigning that to the rule
- E. By defining a grouping rule on the customer class
Answer: A
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 it is a business requirement
- D. when the Deferred Revenue box is checked
Answer: A
NEW QUESTION 50
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigation to an offering's functional area
- B. By searching
- C. By navigating from the Welcome Springboard
- D. By navigating from the Implementation Project
Answer: A,B,D
NEW QUESTION 51
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. Set Band
- B. Deal Size Band
- C. Amount Band
- D. Quantity Band
Answer: C
NEW QUESTION 52
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Expense
- B. Contract Clearing
- C. Contract Liability
- D. Contract Price Variance
- E. Contract Asset
- F. Contract Revenue
Answer: A
NEW QUESTION 53
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. Format Only
- B. Subset
- C. Table
- D. Dependent
- E. Independent
Answer: A
NEW QUESTION 54
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. Populate Conversion Rate Type in System Options.
- B. Create source document types specifically for Euro documents.
- C. Populate exchange rates in Revenue Price Profile.
- D. Create revenue prices in the Euro currency.
Answer: A
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM
NEW QUESTION 55
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 56
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. Item Identifier
- C. Unit of Measure
- D. Pricing Dimension
- E. SSP Type
Answer: B,C
Explanation:
Explanation
https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm#FAFRM2339998
NEW QUESTION 57
Why Is Satisfaction Method a key element of a Performance Obligation?
- A. because it calculates the percentage of Total Transaction Price allocated to date
- B. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
- C. because it specifies whether revenue has been fully or partially recognized for a good or service
- D. because it calculates the amount of Total Transaction Price allocated to date
Answer: B
NEW QUESTION 58
Which is NOT a Price Band Type?
- A. Set Band
- B. Percentage Band
- C. Amount Band
- D. Quantity Band
Answer: B
NEW QUESTION 59
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 "Allow Partial" and SMM to "Period"
- B. by setting SM to "Allow Partial" and SMM to "Quantity"
- C. by setting SM to "Requires Complete" and SMM to "Period"
- D. by setting SM to "Requires Complete" and SMM to "Quantity"
- E. by setting SM to "Requires Complete" and SMM to "Percent"
Answer: C
NEW QUESTION 60
What is a contract modification?
- A. a change to the contract caused by negotiation with the customer
- B. an increase or decrease in expected collectability
- C. a revision or correction to the estimate of variable consideration made at inception
- D. a change (modification) to the contract data
Answer: A
NEW QUESTION 61
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Monitor transaction price calculation and allocation.
- B. Drill down to data used to derive standalone selling prices.
- C. Diagnose revenue price profile.
- D. Review performance obligations by effective period.
- E. Analyze standalone selling prices for one or multiple effective periods.
Answer: C,E
NEW QUESTION 62
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they provide uniqueness to the Source Document Types.
- B. Because they are needed for integration with Product Management.
- C. Because they are Revenue Management Descriptive Flexfields.
- D. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
Answer: B
NEW QUESTION 63
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 Data Import
- B. Customer Sales Data Source Documents Import
- C. Customer Contract Source Documents Import
- D. Customer Sales Source Data Import
Answer: A
NEW QUESTION 64
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- 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 value the accrual at estimated consideration and it is a monetary debt.
- E. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
Answer: C
NEW QUESTION 65
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