1Z1-1059 by Oracle Actual Free Exam Questions And Answers

Question 1

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

A. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

B. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

C. Revenue Management can only integrate to Fusion Receivables.

D. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

Discussion 0

Correct Answer: B,C Vote an answer

Question 2

A pricing dimension segment value combination is one of the factors to determine standalone selling prices.
This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?

A. a pricing dimension structure instance

B. the source document types

C. a pricing dimension structure

D. pricing bands

Discussion 0

Correct Answer: D Vote an answer

Question 3

The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?

A. HTML

B. PowerPoint

C. PDF

D. Flat File

Discussion 0

Correct Answer: D Vote an answer

Question 4

You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

A. 2

B. 4

C. 3

D. 1

Discussion 0

Correct Answer: C Vote an answer

Question 5

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS
15 versus the old standard?

A. Revenue can be recognized for performance obligations only using the "Point in Time" approach.

B. Pricing estimates cannot be used In the absence of pricing data.

C. Revenue and performance obligation liabilities are not dependent on billing.

D. Expected consideration value is applicable to all industries.

Discussion 0

Correct Answer: B,D Vote an answer

Question 6

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?

A. whether Dynamic Combination Creation Allowed is enabled

B. the shape: Same number of segments and order

C. the Query Required option

D. the value sets

E. the Displayed option

Discussion 0

Correct Answer: A,B Vote an answer

Question 7

Which three statements about Effective Periods are true?

A. Effective Periods only define the rage where standalone selling prices of an item should be effective.

B. If effective periods are not defined, Revenue Management uses the General Ledger calendar.

C. Gaps between periods are not allowed.

D. You cannot have overlapping periods.

E. Effective Periods are used for standalone selling prices and for creating journal entries.

Discussion 0

Correct Answer: A,C,D Vote an answer

Question 8

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. 50 User Extensible Fields

B. 60 User Extensible Fields

C. 90 User Extensible Fields

D. 10 User Extensible Fields

Discussion 0

Correct Answer: D Vote an answer

Oracle Revenue Management Cloud 2019 Implementation Essentials - 1Z1-1059 Exam Practice Test

Contact Us

Useful Links

Latest Updated