Guaranteed Success in Oracle Cloud 1Z0-1059-21 Exam Dumps [Q31-Q54]

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Guaranteed Success in Oracle Cloud 1Z0-1059-21 Exam Dumps

Oracle 1Z0-1059-21 Daily Practice Exam New 2022 Updated 82 Questions

Oracle 1Z0-1059-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Standalone Selling Price and Related Configurations Configure The Revenue Management Application
Topic 2	Configure and Manage Standalone Selling Prices Revenue Management Overview
Topic 3	Explain Contracts, Performance Obligations and Contract Maintenance Explain how to create OTBI reporting objects
Topic 4	Revenue Management Reporting Revenue Contracts Load Data Using FBDI Templates
Topic 5	Describe The Revenue Management User Interface Revenue Management Setups

NO.31 Which three tasks are associated with defining a Pricing Dimension Structure?

Define up to 30 segments and name them.

Define up to 20 segments and name them.

Analyze pricing policies across products and services.

Create multiple instances for a given Pricing Dimension Structure.

Include user friendly prompts for each segment.

Assign required segment labels to each segment.

NO.32 Which three attributes are helpful in defining a Contract Identification Rule?

Product Description

Quote Number

Delivery Address

Bill To Customer

Ledger

Business Unit

NO.33 Which three tasks can be performed In the Revenue Management Work Area?

Edit Contract Identification Rules.

Review Observed Standalone Selling Prices.

Manage contracts in “Pending Review” status.

Manage contracts in “Pending Allocation” status.

Review Performance Satisfaction Plans.

Review Revenue Price Profiles.

NO.34 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

NO.35 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?

when the consultant is deployed to assist customer on 10-Sep-2017

when the product is shipped on 15-Sep-2017

when the sales order Is booked on 14-Sep-2017

when an invoice is issued on 20-Sep-2017

NO.36 Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

Apply appropriate patches to EBS.

Run the Deploy System Options process.

Set the Profile Option AR: Source System Value for Revenue Management.

Map the EBS Chart of Accounts to the Cloud General Ledger.

Set the System Options in EBS Receivables on the Revenue Management tab.

NO.37 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

NO.38 Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

by identifying and creating one or more performance obligations for a given accounting contract

by calculating Total Transaction Price for contracts

by only creating contracts that are source system specific

by allowing manual allocation of Total Transaction Price across performance obligations

by restricting users from excluding contract lines

by grouping source document lines intro contracts for each identified customer

NO.39 A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?

Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.

Navigate to the “Manage Standalone Selling Profiles” page and enter estimated prices manually for a given profile In the browser user Interface.

Navigate to the “Manage Standalone Selling Profiles” page and download spreadsheet template to enter estimated prices manually.

Run the Calculate Observed Standalone Selling Prices program to derive prices.

Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.

Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.

NO.40 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

NO.41 Which is the following is NOT a feature of personalization

Selecting default language

Changing text font

Saving searches

Configuring table columns

NO.42 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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?

By defining a Revenue Item Group

By defining a Standalone Selling Price Profile.

By defining a Performance Obligation Template.

By defining a Contact Identification Rule.

NO.43 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)

Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

Time-based contingencies must not expire before the contingency can be removed and revenue recognized

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

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.

Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

NO.44 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

NO.45 When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

when the Satisfaction Measurement Model is set to Amount

when the Satisfaction Measurement Model is set to Period

when the Satisfaction Measurement Model is set to Quantity

when the Satisfaction Measurement Model Is set to Percentage

NO.46 The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?

The total Transaction Price is over the user-defined threshold amount.

The contract is missing standalone selling prices at the promised detail level or at obligation level.

The contract is missing satisfaction events.

The contract is missing Billing data.

NO.47 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

NO.48 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?

Table

Subset

Independent

Format Only

Dependent

NO.49 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.

NO.50 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

NO.51 The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the “Customer Contract Source Document Sub Lines” tab (VRM_SOURCE_DOC_SUB_LINES table)?

Performance obligation satisfaction event details.

Sales order header level data.

Sub contract level details.

Sales order line level data.

NO.52 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.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

Select Conversion Rate Type in the Source Document Type setup.

Run the Revenue Management translation process.

Enter Conversion Rate Type in System Options.

Provide currency conversion details in the Revenue Basis Data Import Template.

Enter exchange rate information in Standalone Selling Price Profile.

NO.53 If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?

Delete the source data that was imported into Revenue Management and import new source data.

Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.

Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.

Delete Contracts from the Manage Customer Contracts Ul.

Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.

NO.54 At which level does Oracle Revenue management perform accounting?

Legal entity level

Contract level

Performance obligation level