Get Real 1z0-1059-22 Quesions Pass Oracle Certification Exams Easily [Q32-Q56]

4/5 - (2 votes)

Get Real 1z0-1059-22 Quesions Pass Oracle Certification Exams Easily

1z0-1059-22 Dumps are Available for Instant Access

Oracle 1z0-1059-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure The Revenue Management Application Process Customer Contract Source Documents
Topic 2	Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)
Topic 3	Configure and Manage Standalone Selling Prices Describe The Revenue Management User Interface

NEW QUESTION 32
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?

By defining a grouping rule on the customer class

By defining an exclusion rule to exclude customer classes that are “Retail”

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

By defining an item group and assigning that to the rule

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

NEW QUESTION 33
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?

Amount Band

Deal Size Band

Set Band

Quantity Band

NEW QUESTION 34
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?

HTML

PowerPoint

Flat File

PDF

NEW QUESTION 35
Why are Source Document Type Codes required when defining Source Document Types?

Because they are Revenue Management Descriptive Flexfields.

Because they are needed for integration with Product Management.

Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

Because they provide uniqueness to the Source Document Types.

NEW QUESTION 36
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

allocates the SSP to various satisfaction events

creates the accounting for the stages in the process

allocates the SSP to various performance obligations

recognizes revenue if any satisfaction events exist

creates customer contracts and performance obligations

NEW QUESTION 37
Which is NOT a required piece of information when importing contract header Information from a source file?

Date of Source Document

Source Document Type code

Record Type

Source System

Currency code of source document

Source Document Unique Identifier Number 1

NEW QUESTION 38
How can you access an implementation task in Functional Setup Manager. (choose 3)

By navigating from the Implementation Project

By navigation to an offering’s functional area

By navigating from the Welcome Springboard

By searching

NEW QUESTION 39
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?

Reason

Pricing Dimension

Item Identifier

Performance Obligation Template

Tolerance ranges

SSP Type

NEW QUESTION 40
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

Revenue Management can only integrate to Fusion Receivables.

You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

NEW QUESTION 41
Which three statements about Effective Periods are true?

If effective periods are not defined, Revenue Management uses the General Ledger calendar.

Effective Periods are used for standalone selling prices and for creating journal entries.

Gaps between periods are not allowed.

You cannot have overlapping periods.

Effective Periods only define the rage where standalone selling prices of an item should be effective.

NEW QUESTION 42
Which configuration component is Source Document Type NOT connected to?

Revenue Management System Options

Performance Obligation Template

Contract Identification Rules

Revenue Price Profile

Performance Obligation Identification Rules

NEW QUESTION 43
What does the creation of an allocation allow you to determine?

the ability not to revise previously reported revenue for revision, corrections, and other changes

the fair value of each performance obligation

the maximum amount of revenue you can recognize soonest, postponing the minimum until later

an allocation of the expected consideration over the performance obligations as if you had sold them separately

NEW QUESTION 44
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?

Identify Customer Contract Based on Party

Identify Customer Contract Based on Source Document Line

Identify Customer Contract Based on Source Document

Identify Customer Contract Based on Source System

NEW QUESTION 45
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?

whether Dynamic Combination Creation Allowed is enabled

the shape: Same number of segments and order

the Displayed option

the value sets

the Query Required option

NEW QUESTION 46
What is the correct match sequence of the descriptions A, B and C against the titles?

B, C, A

A, C, B

C, B, A

C, A, B

A, B, C

B, A, C

NEW QUESTION 47
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

Suppliers

Business Units

Customers

Inventory items

Receivables configurations

Banks, branches and bank accounts

NEW QUESTION 48
Which setup component Is NOT connected to a Revenue Price Profile?

Contract Identification Rules

Items

Source Document Types

Pricing Dimension Segments

NEW QUESTION 49
Which is a term under ASC 606 or IFRS 15?

transaction price

promise detail

initial performance event

requires complete

NEW QUESTION 50
Which setup Is required to enable integration between Order Management and Revenue Management?

Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.

Add Order Management in the Manage Trading Community Source Systems page.

Create custom program to extract sales order and fulfillment data from Order Management.

Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.

Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.

Define a source document type for the Order Management application and set satisfaction measurement model to quantity.

NEW QUESTION 51
Which is NOT a Price Band Type?

Amount Band

Set Band

Quantity Band

Percentage Band

NEW QUESTION 52
Which statement is NOT applicable to Performance Obligation Templates?

Oracle delivers three predefined Performance Obligation Templates,

Performance Obligation Templates are specific to the business and cannot be predefined.

Performance Obligation Templates take precedence over Performance Obligation Rules.

Performance Obligation Templates can be associated to a Revenue Price Profile.

NEW QUESTION 53
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?

Create a reporting ledger.

Create a new primary ledger.

Create a secondary ledger.

Using their existing primary ledger.

NEW QUESTION 54
Which, when transferred to a customer, allows you to recognize revenue?

a shipment

a performance obligation

an invoice

promise detail

NEW QUESTION 55
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….

What is the difference between Selling Amount and Allocated Amount?

The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.

The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.

The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.

The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.

NEW QUESTION 56
Which method is used to allocate total transaction price across performance obligations in Revenue Management?

Inverted Allocation Method

Residual Allocation Method

Relative Allocation Method

Two Step Allocation Method

Alternative Allocation Method