[2021] 1Z0-1059-21.pdf - Questions Answers PDF Sample Questions Reliable [Q21-Q41]

[2021] 1Z0-1059-21.pdf - Questions Answers PDF Sample Questions Reliable

Oracle 1Z0-1059-21 Dumps PDF Are going to be The Best Score

Oracle 1Z0-1059-21 Exam Syllabus Topics:

NEW QUESTION 21
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. Variable Schedule
• B. Daily Revenue Rate, All Periods
• C. Daily Revenue Rate, Partial Periods
• D. Daily Revenue Rate
• E. Partial Schedule
• F. Fixed Schedule

Answer: F

NEW QUESTION 22
Which three tasks are associated with defining a Pricing Dimension Structure?

• A. Analyze pricing policies across products and services.
• B. Define up to 30 segments and name them.
• C. Assign required segment labels to each segment.
• D. Define up to 20 segments and name them.
• E. Create multiple instances for a given Pricing Dimension Structure.
• F. Include user friendly prompts for each segment.

Answer: A,B,C

NEW QUESTION 23
How many tabs does the Customer Contract Source Data Import Template have?

• A. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
• 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. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively

Answer: D

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 24
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?

• A. when an invoice is issued on 20-Sep-2017
• B. when the consultant is deployed to assist customer on 10-Sep-2017
• C. when the sales order Is booked on 14-Sep-2017
• D. when the product is shipped on 15-Sep-2017

Answer: B

NEW QUESTION 25
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

• A. your debt to customers for goods and services you are obliged to deliver to them by either party acting
• B. Unearned Revenue
• C. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
• D. your invoiced goods and services less those goods and services that you have not yet delivered

Answer: A

NEW QUESTION 26
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. The Displayed option
• B. The value sets
• C. The shape: Same nunmber of segments and order
• D. Wether Dynamic Combination Creation Allowed is enabled
• E. The Query Required option

Answer: B,C

NEW QUESTION 27
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. Suppliers
• B. Banks, branches and bank accounts
• C. Business Units
• D. Receivables configurations
• E. Customers
• F. Inventory items

Answer: C,E,F

NEW QUESTION 28
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 "Allow Partial" and SMM to "Quantity"
• B. by setting SM to "Allow Partial" and SMM to "Period"
• C. by setting SM to "Requires Complete" 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 29
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 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.
• B. 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.
• C. 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.
• D. 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.

Answer: C

NEW QUESTION 30
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?

• A. Delete Contracts from the Manage Customer Contracts Ul.
• B. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
• C. 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.
• D. Delete the source data that was imported into Revenue Management and import new source data.
• E. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.

Answer: C

NEW QUESTION 31
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
• B. the source document types
• C. pricing bands
• D. a pricing dimension structure instance

Answer: C

NEW QUESTION 32
What is a Performance Obligation?

• A. a promise to a customer
• B. a promise to a customer on which either party has acted
• C. a product code or SKU
• D. a combination of customer type and product code

Answer: A

NEW QUESTION 33
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: A

NEW QUESTION 34
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 the Calculate Observed Standalone Selling Prices program.
• B. Close the previous period.
• C. Run Create Accounting.
• D. Review the calculated OSSP.
• E. Approve the OSSP by establishing it.
• F. Categorize standalone sales by performance obligation.

Answer: A,F

NEW QUESTION 35
What is a contract modification?

• A. a revision or correction to the estimate of variable consideration made at inception
• B. a change to the contract caused by negotiation with the customer
• C. an increase or decrease in expected collectability
• D. a change (modification) to the contract data

Answer: B

NEW QUESTION 36
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)

• A. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
• B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• C. 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.
• D. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
• E. 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

Answer: B,C

NEW QUESTION 37
Which three statements about Effective Periods are true?

• A. You cannot have overlapping periods.
• B. Gaps between periods are not allowed.
• C. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
• D. Effective Periods only define the rage where standalone selling prices of an item should be effective.
• E. Effective Periods are used for standalone selling prices and for creating journal entries.

Answer: A,D,E

NEW QUESTION 38
Which is NOT a predefined Accounting Class for Revenue Management?

• A. Contract Discount
• B. Contract Unearned Revenue
• C. Contract Asset
• D. Contract Liability

Answer: B

NEW QUESTION 39
What does a Variable Consideration require?

• A. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
• B. an estimate of the consideration be made at inception only
• C. a disclosure be made to the shareholders
• D. that the consideration be monetary

Answer: B

NEW QUESTION 40
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 Quantity
• B. when the Satisfaction Measurement Model is set to Amount
• C. when the Satisfaction Measurement Model is set to Period
• D. when the Satisfaction Measurement Model Is set to Percentage

Answer: C

NEW QUESTION 41
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