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NEW QUESTION 16
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 17
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 18
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 19
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Include user friendly prompts for each segment.
- B. Assign required segment labels to each segment.
- C. Analyze pricing policies across products and services.
- D. Define up to 30 segments and name them.
- E. Create multiple instances for a given Pricing Dimension Structure.
- F. Define up to 20 segments and name them.
Answer: B,C,D
NEW QUESTION 20
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 21
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. Wether Dynamic Combination Creation Allowed is enabled
- B. The shape: Same nunmber of segments and order
- C. The Displayed option
- D. The Query Required option
- E. The value sets
Answer: B,E
NEW QUESTION 22
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. 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.
- B. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- C. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- D. Delete Contracts from the Manage Customer Contracts Ul.
- E. Delete the source data that was imported into Revenue Management and import new source data.
Answer: A
NEW QUESTION 23
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
NEW QUESTION 24
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 line level.
- B. It tracks the difference In a Discount Allocation Account at the contract 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: A
NEW QUESTION 25
What is a Performance Obligation?
- A. a promise to a customer on which either party has acted
- B. a combination of customer type and product code
- C. a product code or SKU
- D. a promise to a customer
Answer: D
NEW QUESTION 26
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
- A. Ignore the performance obligation for the toaster because it was free of cost to the customer.
- B. Create the performance obligation for the toaster manually.
- C. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- D. Define an adhoc rule in the Revenue Price Profile to include the toaster.
Answer: C
NEW QUESTION 27
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 28
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. Run Create Accounting.
- B. Approve the OSSP by establishing it.
- C. Categorize standalone sales by performance obligation.
- D. Run the Calculate Observed Standalone Selling Prices program.
- E. Review the calculated OSSP.
- F. Close the previous period.
Answer: C,D
NEW QUESTION 29
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 30
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 31
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
- A. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
- B. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
- C. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- D. Revenue Management can only integrate to Fusion Receivables.
Answer: B,D
NEW QUESTION 32
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 Instance Is enabled for pricing bands
- D. when a pricing dimension structure is enabled for pricing bands
Answer: D
NEW QUESTION 33
Which three statements about Effective Periods are true?
- A. Effective Periods are used for standalone selling prices and for creating journal entries.
- B. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
- C. You cannot have overlapping periods.
- D. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- E. Gaps between periods are not allowed.
Answer: A,C,D
NEW QUESTION 34
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
- A. transaction price distributed to each performance obligation
- B. revenue recognized for each performance obligation
- C. transaction price derived from the source system line import
- D. stand-alone selling price assigned to the promised detail line
Answer: A
NEW QUESTION 35
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. Reporting Studio
- B. Business Intelligence Publisher
- C. Smart View
- D. Oracle Transactional Business Intelligence
Answer: B
NEW QUESTION 36
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
- A. require partial
- B. require complete
- C. allow partial
- D. allow complete
Answer: B,C
NEW QUESTION 37
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 38
Which three tasks can be performed In the Revenue Management Work Area?
- A. Review Revenue Price Profiles.
- B. Manage contracts in "Pending Allocation" status.
- C. Review Performance Satisfaction Plans.
- D. Review Observed Standalone Selling Prices.
- E. Manage contracts in "Pending Review" status.
- F. Edit Contract Identification Rules.
Answer: B,D,E
NEW QUESTION 39
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.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?
- A. Enter exchange rate information in Standalone Selling Price Profile.
- B. Enter Conversion Rate Type in System Options.
- C. Run the Revenue Management translation process.
- D. Select Conversion Rate Type in the Source Document Type setup.
- E. Provide currency conversion details in the Revenue Basis Data Import Template.
Answer: B,C
NEW QUESTION 40
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