1Z0-1059-20 by Oracle Actual Free Exam Q&As

Question 1

Which three tasks can be performed In the Revenue Management Work Area?

A. Manage contracts in "Pending Review" status. B. Edit Contract Identification Rules. C. Review Observed Standalone Selling Prices. D. Review Performance Satisfaction Plans. E. Manage contracts in "Pending Allocation" status. F. Review Revenue Price Profiles.

Discussion 0

Correct Answer: A,C,E Vote an answer

Question 2

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

A. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards. B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables. C. Revenue Management can only integrate to Fusion Receivables. D. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

Discussion 0

Correct Answer: A,C Vote an answer

Question 3

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 an invoice is issued on 20-Sep-2017 C. when the consultant is deployed to assist customer on 10-Sep-2017 D. when the product is shipped on 15-Sep-2017

Discussion 0

Correct Answer: C Vote an answer

Question 4

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 Context Values are populated B. when the Deferred Revenue box is checked C. when the Type is Fixed or Variable D. when it is a business requirement

Discussion 0

Correct Answer: C Vote an answer

Question 5

Which configuration component is Source Document Type

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 6

Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

A. Unearned Revenue B. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered C. your debt to customers for goods and services you are obliged to deliver to them by either party acting D. your invoiced goods and services less those goods and services that you have not yet delivered

Discussion 0

Correct Answer: C Vote an answer

Question 7

What is a Performance Obligation?

A. a promise to a customer on which either party has acted B. a promise to a customer C. a product code or SKU D. a combination of customer type and product code

Discussion 0

Correct Answer: B Vote an answer

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Question 8

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?

A. By defining an item group and assigning that to the rule B. By defining a grouping rule on the customer class C. By defining an exclusion rule to exclude customer classes that are "Retail" D. 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 E. 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

Discussion 0

Correct Answer: E Vote an answer

Oracle Revenue Management Cloud Service 2020 Implementation Essentials - 1Z0-1059-20 Exam Practice Test