1Z0-1059 by Oracle Actual Free Exam Q&As

Question 1

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. Time-based contingencies must not expire before the contingency can be removed and revenue recognized B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized. C. 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. D. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized E. 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

Discussion 0

Correct Answer: B,C Vote an answer

Question 2

Which configuration component is Source Document Type NOT connected to?

A. Revenue Management System Options B. Contract Identification Rules C. Performance Obligation Template D. Revenue Price Profile E. Performance Obligation Identification Rules

Discussion 0

Correct Answer: D Vote an answer

Question 3

Which is Not a required piece of information when importing contract header information from a source file?

A. Source Document Unique Identifier Number 1 B. Currency code of source document C. Source Document Type code D. Record Type E. Source System F. Date of source Document

Discussion 0

Correct Answer: A Vote an answer

Question 4

The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......

What is the difference between Selling Amount and Allocated Amount?

A. 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. B. 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. C. 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. D. 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.

Discussion 0

Correct Answer: B Vote an answer

Question 5

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. Dependent B. Independent C. Subset D. Table E. Format Only

Discussion 0

Correct Answer: E Vote an answer

Question 6

Which three tasks are associated with defining a Pricing Dimension Structure?

A. Assign required segment labels to each segment. B. Define up to 30 segments and name them. C. Define up to 20 segments and name them. D. Create multiple instances for a given Pricing Dimension Structure. E. Include user friendly prompts for each segment. F. Analyze pricing policies across products and services.

Discussion 0

Correct Answer: A,B,F Vote an answer

Question 7

Which three attributes are helpful in defining a Contract Identification Rule?

A. Bill To Customer B. Delivery Address C. Quote Number D. Ledger E. Product Description F. Business Unit

Discussion 0

Correct Answer: B,C,E Vote an answer

Question 8

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. Pricing Dimension C. Unit of Measure D. Item Identifier E. SSP Type

Discussion 0

Correct Answer: C,D Vote an answer

Explanation: Only visible for PassTestking members. You can sign-up / login (it's free).

Oracle Revenue Management Cloud 2019 Implementation Essentials - 1Z0-1059 Exam Practice Test