Best Quality 1Z0-1059-21 Exam Questions Oracle Test To Gain Brilliante Result!
Preparations of 1Z0-1059-21 Exam 2021 Oracle Cloud Unlimited 82 Questions
NEW QUESTION 44
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigating from the Implementation Project
- B. By searching
- C. By navigating from the Welcome Springboard
- D. By navigation to an offering's functional area
Answer: A,B,D
NEW QUESTION 45
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Inverted Allocation Method
- B. Residual Allocation Method
- C. Relative Allocation Method
- D. Two Step Allocation Method
- E. Alternative Allocation Method
Answer: D
NEW QUESTION 46
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. Categorize standalone sales by performance obligation.
- D. Run the Calculate Observed Standalone Selling Prices program.
- E. Review the calculated OSSP.
- F. Close the previous period.
Answer: C,D
NEW QUESTION 47
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 Contract Source Documents Import
- B. Customer Sales Data Source Documents Import
- C. Customer Contract Source Data Import
- D. Customer Sales Source Data Import
Answer: C
NEW QUESTION 48
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. PDF
- C. Flat File
- D. PowerPoint
Answer: C
NEW QUESTION 49
You define a Contract Identification Rule that uses the following source document attributes to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
How many contracts will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: B
NEW QUESTION 50
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Price Variance
- B. Contract Expense
- C. Contract Clearing
- D. Contract Asset
- E. Contract Revenue
- F. Contract Liability
Answer: B
NEW QUESTION 51
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It is a predefined Java FBDI template.
- B. It is a custom template that you are required to build.
- C. It Is a predefined HTML FBDI template.
- D. It is a predefined Excel FBDI template.
Answer: D
NEW QUESTION 52
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......
What is the difference between Selling Amount and Allocated Amount?
- A. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
- B. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
- C. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
- D. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
Answer: B
NEW QUESTION 53
Why Is Satisfaction Method a key element of a Performance Obligation?
- A. because it specifies whether revenue has been fully or partially recognized for a good or service
- B. because it calculates the percentage of Total Transaction Price allocated to date
- C. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
- D. because it calculates the amount of Total Transaction Price allocated to date
Answer: C
NEW QUESTION 54
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. centralized accounting solution
- B. General Ledger journal creation
- C. stand-alone selling price derivation
- D. General Ledger account derivation based on predefined events
- E. multiple accounting representations
- F. revaluation of assets and liabilities
Answer: B,E,F
NEW QUESTION 55
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
- A. Daily Revenue Rate, Partial Periods
- B. Partial Schedule
- C. Daily Revenue Rate, All Periods
- D. Variable Schedule
- E. Daily Revenue Rate
- F. Fixed Schedule
Answer: F
NEW QUESTION 56
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
- A. Customers
- B. Banks, branches and bank accounts
- C. Suppliers
- D. Business Units
- E. Inventory items
- F. Receivables configurations
Answer: A,D,E
NEW QUESTION 57
What is a Standalone Selling Price (SSP)?
- A. the list price
- B. the price you would use if you sold to a customer separately
- C. the sum of the SSPs of the components
- D. the average of your bundled price
Answer: B
NEW QUESTION 58
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
- A. These accounts are not relevant to Revenue Management.
- B. These accounts are optional in Revenue Management.
- C. If nonexistent, these accounts are added automatically to the chart of accounts.
- D. If nonexistent, these accounts need to be added to the chart of accounts.
Answer: C
NEW QUESTION 59
How many tabs does the Customer Contract Source Data Import Template have?
- A. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- B. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- C. 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 - D. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
Answer: A
Explanation:
You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details
NEW QUESTION 60
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?
- A. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
- B. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- C. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
- D. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
- E. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
- F. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
Answer: B,F
NEW QUESTION 61
Which is a term under ASC 606 or IFRS 15?
- A. initial performance event
- B. transaction price
- C. promise detail
- D. requires complete
Answer: B
NEW QUESTION 62
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. B, C, A
- B. C, A, B
- C. B, A, C
- D. A, B, C
- E. A, C, B
- F. C, B, A
Answer: C
NEW QUESTION 63
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