1z0-1059-22 Exam Dumps Pass with Updated Mar-2023 Tests Dumps
1z0-1059-22 exam questions for practice in 2023 Updated 85 Questions
NEW QUESTION 23
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It is a predefined Java FBDI template.
- B. It is a predefined Excel FBDI template.
- C. It is a custom template that you are required to build.
- D. It Is a predefined HTML FBDI template.
Answer: B
NEW QUESTION 24
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- B. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
- C. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- D. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- E. You value the accrual at estimated consideration and it is a monetary debt.
Answer: B
NEW QUESTION 25
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a pricing dimension structure Instance Is enabled for pricing bands
- B. when a source document type is enabled to use pricing bands
- C. when a value set segment label of Set Band is used
- D. when a pricing dimension structure is enabled for pricing bands
Answer: D
NEW QUESTION 26
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- B. Add Order Management in the Manage Trading Community Source Systems page.
- C. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- D. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
- E. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
- F. Create custom program to extract sales order and fulfillment data from Order Management.
Answer: C
NEW QUESTION 27
What is a contract modification?
- A. an increase or decrease in expected collectability
- B. a revision or correction to the estimate of variable consideration made at inception
- C. a change (modification) to the contract data
- D. a change to the contract caused by negotiation with the customer
Answer: D
NEW QUESTION 28
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
- A. require partial
- B. allow complete
- C. allow partial
- D. require complete
Answer: C,D
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853
NEW QUESTION 29
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?
- A. Freeze Period
- B. Source Document Type
- C. Priority
- D. Default Classification
Answer: C
NEW QUESTION 30
What does a Variable Consideration require?
- A. a disclosure be made to the shareholders
- B. that the consideration be monetary
- C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
- D. an estimate of the consideration be made at inception only
Answer: D
Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION 31
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?
- A. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
- B. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
- C. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
- D. Run the Calculate Observed Standalone Selling Prices program to derive prices.
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm
NEW QUESTION 32
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Alternative Allocation Method
- B. Relative Allocation Method
- C. Two Step Allocation Method
- D. Inverted Allocation Method
- E. Residual Allocation Method
Answer: C
NEW QUESTION 33
Which is NOT a Price Band Type?
- A. Quantity Band
- B. Amount Band
- C. Percentage Band
- D. Set Band
Answer: C
NEW QUESTION 34
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?
- A. Identify Customer Contract Based on Source System
- B. Identify Customer Contract Based on Party
- C. Identify Customer Contract Based on Source Document
- D. Identify Customer Contract Based on Source Document Line
Answer: C
NEW QUESTION 35
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?
- A. Customer Sales Source Data Import
- B. Customer Contract Source Data Import
- C. Customer Sales Data Source Documents Import
- D. Customer Contract Source Documents Import
Answer: B
NEW QUESTION 36
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?
- A. when the Satisfaction Measurement Model is set to Amount
- B. when the Satisfaction Measurement Model Is set to Percentage
- C. when the Satisfaction Measurement Model is set to Quantity
- D. when the Satisfaction Measurement Model is set to Period
Answer: D
NEW QUESTION 37
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:
How many performance obligations will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
NEW QUESTION 38
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?
- A. By defining a Performance Obligation Template.
- B. By defining a Standalone Selling Price Profile.
- C. By defining a Contact Identification Rule.
- D. By defining a Revenue Item Group
Answer: D
NEW QUESTION 39
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 a grouping rule on the customer class
- B. 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
- C. By defining an item group and assigning that to the rule
- D. By defining an exclusion rule to exclude customer classes that are "Retail"
- 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
Answer: E
NEW QUESTION 40
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates can be associated to a Revenue Price Profile.
- B. Performance Obligation Templates are specific to the business and cannot be predefined.
- C. Performance Obligation Templates take precedence over Performance Obligation Rules.
- D. Oracle delivers three predefined Performance Obligation Templates,
Answer: D
NEW QUESTION 41
Which setup component Is NOT connected to a Revenue Price Profile?
- A. Pricing Dimension Segments
- B. Items
- C. Contract Identification Rules
- D. Source Document Types
Answer: D
NEW QUESTION 42
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Include user friendly prompts for each segment.
- B. Define up to 20 segments and name them.
- C. Create multiple instances for a given Pricing Dimension Structure.
- D. Assign required segment labels to each segment.
- E. Define up to 30 segments and name them.
- F. Analyze pricing policies across products and services.
Answer: D,E,F
NEW QUESTION 43
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