1Z0-1059-21 by Oracle Actual Free Exam Q&As

Question 1

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 2

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 3

Which is a term under ASC 606 or IFRS 15?

A. requires complete B. transaction price C. initial performance event D. promise detail

Discussion 0

Correct Answer: B Vote an answer

Question 4

Which statement is NOT applicable to Performance Obligation Templates?

A. Oracle delivers three predefined Performance Obligation Templates, B. Performance Obligation Templates are specific to the business and cannot be predefined. C. Performance Obligation Templates take precedence over Performance Obligation Rules. D. Performance Obligation Templates can be associated to a Revenue Price Profile.

Discussion 0

Correct Answer: A Vote an answer

Question 5

Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

A. These accounts are optional in Revenue Management. B. If nonexistent, these accounts need to be added to the chart of accounts. C. These accounts are not relevant to Revenue Management. D. If nonexistent, these accounts are added automatically to the chart of accounts.

Discussion 0

Correct Answer: D Vote an answer

Question 6

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. Run the Calculate Observed Standalone Selling Prices program. D. Review the calculated OSSP. E. Close the previous period. F. Categorize standalone sales by performance obligation.

Discussion 0

Correct Answer: C,F Vote an answer

Question 7

The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

A. Oracle Subledger Accounting B. Oracle Receivables C. Oracle General Ledger D. Oracle Revenue Management Cloud

Discussion 0

Correct Answer: A,D Vote an answer

Question 8

Why are Source Document Type Codes required when defining Source Document Types?

A. Because they are needed for integration with Product Management. B. Because they are Revenue Management Descriptive Flexfields. C. Because they provide uniqueness to the Source Document Types. D. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

Discussion 0

Correct Answer: A Vote an answer

Question 9

How many tabs does the Customer Contract Source Data Import Template have?

A. one tab that stores data for the VRM_SOURCE_DOCUMENTS table B. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively C. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively 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

Discussion 0

Correct Answer: C Vote an answer

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

Oracle Revenue Management Cloud Service 2021 Implementation Essentials - 1Z0-1059-21 Exam Practice Test