[Jan-2022] 1Z0-1059-21 Certification with Actual Questions from DumpsQuestion
Updated 1Z0-1059-21 Dumps PDF - 1Z0-1059-21 Real Valid Brain Dumps With 82 Questions!
Oracle 1Z0-1059-21 Exam Syllabus Topics:
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NEW QUESTION 32
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 33
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?
- A. Identify Customer Contract Based on Source Document
- B. Identify Customer Contract Based on Source System
- C. Identify Customer Contract Based on Party
- D. Identify Customer Contract Based on Source Document Line
Answer: A
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. stand-alone selling price assigned to the promised detail line
- B. transaction price distributed to each performance obligation
- C. transaction price derived from the source system line import
- D. revenue recognized for each performance obligation
Answer: B
NEW QUESTION 35
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. stand-alone selling price derivation
- B. multiple accounting representations
- C. General Ledger journal creation
- D. revaluation of assets and liabilities
- E. centralized accounting solution
- F. General Ledger account derivation based on predefined events
Answer: B,C,D
NEW QUESTION 36
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 37
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 38
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 39
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 40
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 41
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?
- A. Banks, branches and bank accounts
- B. Inventory items
- C. Suppliers
- D. Business Units
- E. Customers
- F. Receivables configurations
Answer: B,D,E
NEW QUESTION 42
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
- A. require partial
- B. allow complete
- C. allow partial
- D. require complete
Answer: C,D
NEW QUESTION 43
Which setup component Is NOT connected to a Revenue Price Profile?
- A. Source Document Types
- B. Contract Identification Rules
- C. Pricing Dimension Segments
- D. Items
Answer: A
NEW QUESTION 44
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:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION 45
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?
- A. SSP Type
- B. Pricing Dimension
- C. Performance Obligation Template
- D. Item Identifier
- E. Tolerance ranges
- F. Reason
Answer: A,B,E
NEW QUESTION 46
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. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
- D. 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
Answer: A
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 47
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: E
NEW QUESTION 48
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Expected consideration value is applicable to all industries.
- B. Revenue and performance obligation liabilities are not dependent on billing.
- C. Pricing estimates cannot be used In the absence of pricing data.
- D. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
Answer: A,C
NEW QUESTION 49
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