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Oracle 1z0-1059-22 Exam Syllabus Topics:
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NEW QUESTION 17
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?
- A. It tracks the difference In a Discount Allocation Account at the contract level.
- B. It tracks the difference in a Discount Allocation Account at the contract line level.
- C. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
- D. It tracks the difference in a Write-off Allocation Account at the contract level.
Answer: B
NEW QUESTION 18
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?
- A. Reject line
- B. Preserve contract
- C. Reverse line
- D. Void contract
- E. Reject contract
Answer: A,E
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm
NEW QUESTION 19
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.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?
- A. Create revenue prices in the Euro currency.
- B. Populate exchange rates in Revenue Price Profile.
- C. Create source document types specifically for Euro documents.
- D. Populate Conversion Rate Type in System Options.
Answer: D
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION 20
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)?
- A. Performance obligation satisfaction event details.
- B. Sales order line level data.
- C. Sales order header level data.
- D. Sub contract level details.
Answer: A
NEW QUESTION 21
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
- B. Because they are needed for integration with Product Management.
- C. Because they are Revenue Management Descriptive Flexfields.
- D. Because they provide uniqueness to the Source Document Types.
Answer: B
NEW QUESTION 22
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- B. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
- C. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- D. Create custom program to extract sales order and fulfillment data from Order Management.
- E. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
- F. Add Order Management in the Manage Trading Community Source Systems page.
Answer: A
NEW QUESTION 23
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would
you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?
- A. by setting SM to "Requires Complete" and SMM to "Quantity"
- B. by setting SM to "Allow Partial" and SMM to "Period"
- C. by setting SM to "Allow Partial" and SMM to "Quantity"
- D. by setting SM to "Requires Complete" and SMM to "Period"
- E. by setting SM to "Requires Complete" and SMM to "Percent"
Answer: D
NEW QUESTION 24
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. 60 User Extensible Fields
- B. 10 User Extensible Fields
- C. 50 User Extensible Fields
- D. 90 User Extensible Fields
Answer: B
NEW QUESTION 25
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. Default Classification
- C. Priority
- D. Source Document Type
Answer: C
NEW QUESTION 26
What is a Standalone Selling Price (SSP)?
- A. the sum of the SSPs of the components
- B. the list price
- C. the average of your bundled price
- D. the price you would use if you sold to a customer separately
Answer: D
NEW QUESTION 27
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?
- A. The contract is missing Billing data.
- B. The total Transaction Price is over the user-defined threshold amount.
- C. The contract is missing satisfaction events.
- D. The contract is missing standalone selling prices at the promised detail level or at obligation level.
Answer: B
Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.
NEW QUESTION 28
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 Document
- B. Identify Customer Contract Based on Party
- C. Identify Customer Contract Based on Source System
- D. Identify Customer Contract Based on Source Document Line
Answer: A
NEW QUESTION 29
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates take precedence over Performance Obligation Rules.
- B. Oracle delivers three predefined Performance Obligation Templates,
- C. Performance Obligation Templates are specific to the business and cannot be predefined.
- D. Performance Obligation Templates can be associated to a Revenue Price Profile.
Answer: B
NEW QUESTION 30
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Clearing
- B. Contract Asset
- C. Contract Price Variance
- D. Contract Expense
- E. Contract Revenue
- F. Contract Liability
Answer: D
NEW QUESTION 31
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
- A. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- B. Revenue Management can only integrate to Fusion Receivables.
- C. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
- D. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
Answer: B,C
NEW QUESTION 32
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