Pass Oracle 1Z0-1059-20 Exam with Guarantee Updated 73 Questions
Latest 1Z0-1059-20 Pass Guaranteed Exam Dumps Certification Sample Questions
Who should take the Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 exam
The 1z0-1059-20 Exam is ideal for those technical professionals who want to accelerate their knowledge in the revenue management of the Oracle cloud services. There is no such prerequisite for 1z0-1059-20 exam, anyone who having some skillset in cost management of the Oracle cloud services or having an interest in learning how to optimize cost for the Oracle cloud services can prepare for 1z0-1059-20 exam.
NEW QUESTION 21
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 satisfaction events.
- B. The contract is missing Billing data.
- C. The total Transaction Price is over the user-defined threshold amount.
- D. The contract is missing standalone selling prices at the promised detail level or at obligation level.
Answer: C
Explanation:
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 22
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?
- A. It tracks the difference In a Discount Allocation Account at the contract level.
- B. It tracks the difference in a Discount Allocation Account at the contract line level.
- C. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
- D. It tracks the difference in a Write-off Allocation Account at the contract level.
Answer: B
NEW QUESTION 23
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
- A. Oracle General Ledger
- B. Oracle Subledger Accounting
- C. Oracle Receivables
- D. Oracle Revenue Management Cloud
Answer: B,D
NEW QUESTION 24
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 sales order Is booked on 14-Sep-2017
- B. when the consultant is deployed to assist customer on 10-Sep-2017
- C. when the product is shipped on 15-Sep-2017
- D. when an invoice is issued on 20-Sep-2017
Answer: B
NEW QUESTION 25
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by only creating contracts that are source system specific
- B. by restricting users from excluding contract lines
- C. by allowing manual allocation of Total Transaction Price across performance obligations
- D. by calculating Total Transaction Price for contracts
- E. by grouping source document lines intro contracts for each identified customer
- F. by identifying and creating one or more performance obligations for a given accounting contract
Answer: A,C,E
NEW QUESTION 26
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 27
Which three tasks can be performed In the Revenue Management Work Area?
- A. Review Observed Standalone Selling Prices.
- B. Review Performance Satisfaction Plans.
- C. Manage contracts in "Pending Allocation" status.
- D. Edit Contract Identification Rules.
- E. Manage contracts in "Pending Review" status.
- F. Review Revenue Price Profiles.
Answer: A,C,E
NEW QUESTION 28
What is a Standalone Selling Price (SSP)?
- A. the list price
- B. the price you would use if you sold to a customer separately
- C. the sum of the SSPs of the components
- D. the average of your bundled price
Answer: B
NEW QUESTION 29
What does a Variable Consideration require?
- A. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
- B. that the consideration be monetary
- C. an estimate of the consideration be made at inception only
- D. a disclosure be made to the shareholders
Answer: C
Explanation:
Explanation
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION 30
Which is NOT a Price Band Type?
- A. Set Band
- B. Percentage Band
- C. Amount Band
- D. Quantity Band
Answer: B
NEW QUESTION 31
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 32
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Discount
- B. Contract Unearned Revenue
- C. Contract Liability
- D. Contract Asset
Answer: B
NEW QUESTION 33
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 34
At which level does Oracle Revenue management perform accounting?
- A. Performance obligation level
- B. Contract level
- C. Legal entity level
Answer: A
NEW QUESTION 35
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 is enabled for pricing bands
- D. when a pricing dimension structure Instance Is enabled for pricing bands
Answer: C
NEW QUESTION 36
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 37
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. Set the System Options in EBS Receivables on the Revenue Management tab.
- B. Run the Deploy System Options process.
- C. Set the Profile Option AR: Source System Value for Revenue Management.
- D. Map the EBS Chart of Accounts to the Cloud General Ledger.
- E. Apply appropriate patches to EBS.
Answer: B,D
NEW QUESTION 38
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 39
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. 90 User Extensible Fields
- B. 60 User Extensible Fields
- C. 10 User Extensible Fields
- D. 50 User Extensible Fields
Answer: C
NEW QUESTION 40
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