Authentic 1z0-1059-22 Dumps - Free PDF Questions to Pass
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To take the Oracle 1z0-1059-22 exam, candidates must have a solid understanding of revenue management concepts and practices. They should also have experience in implementing Oracle Revenue Management Cloud Service 2022. Oracle recommends that candidates attend training courses and review the exam topics thoroughly before taking the exam.
The Oracle 1z0-1059-22 exam covers a wide range of topics related to the implementation and configuration of the Oracle Revenue Management Cloud Service 2022 application. These topics include understanding revenue management concepts, configuring revenue recognition rules, managing invoices and billing, and troubleshooting issues in the application. The exam consists of 60 multiple-choice questions, and candidates have 105 minutes to complete it.
To prepare for the Oracle 1z0-1059-22 exam, candidates should have a good understanding of revenue management concepts and practices. They should also have experience with Oracle Cloud services and have a strong technical background. Additionally, they should have experience working with customers to identify business requirements and develop implementation plans. Oracle recommends that candidates complete the Oracle Revenue Management Cloud Service 2022 Implementation Essentials course before taking this exam.
NEW QUESTION # 17
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.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?
- A. Enter exchange rate information in Standalone Selling Price Profile.
- B. Select Conversion Rate Type in the Source Document Type setup.
- C. Run the Revenue Management translation process.
- D. Provide currency conversion details in the Revenue Basis Data Import Template.
- E. Enter Conversion Rate Type in System Options.
Answer: C,E
NEW QUESTION # 18
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. Default Classification
- B. Freeze Period
- C. Priority
- D. Source Document Type
Answer: C
NEW QUESTION # 19
What does the creation of an allocation allow you to determine?
- A. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
- B. the fair value of each performance obligation
- C. the ability not to revise previously reported revenue for revision, corrections, and other changes
- D. an allocation of the expected consideration over the performance obligations as if you had sold them separately
Answer: B
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION # 20
Which, when transferred to a customer, allows you to recognize revenue?
- A. an invoice
- B. promise detail
- C. a performance obligation
- D. a shipment
Answer: C
NEW QUESTION # 21
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?
- A. Subset
- B. Table
- C. Dependent
- D. Format Only
- E. Independent
Answer: D
NEW QUESTION # 22
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. Review the calculated OSSP.
- B. Close the previous period.
- C. Approve the OSSP by establishing it.
- D. Run Create Accounting.
- E. Categorize standalone sales by performance obligation.
- F. Run the Calculate Observed Standalone Selling Prices program.
Answer: E,F
NEW QUESTION # 23
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. Flat File
- D. PDF
Answer: C
NEW QUESTION # 24
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 standalone selling prices at the promised detail level or at obligation level.
- B. The total Transaction Price is over the user-defined threshold amount.
- C. The contract is missing Billing data.
- D. The contract is missing satisfaction events.
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 # 25
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 "Period"
- B. by setting SM to "Requires Complete" 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 "Percent"
- E. by setting SM to "Requires Complete" and SMM to "Quantity"
Answer: B
NEW QUESTION # 26
A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:
Which Price Band Segment Label would be appropriate to use in this case?
- A. Quantity Band
- B. Amount Band
- C. Deal Size Band
- D. Set Band
Answer: B
NEW QUESTION # 27
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 Source Data Import
- C. Customer Sales Data Source Documents Import
- D. Customer Contract Source Data Import
Answer: D
NEW QUESTION # 28
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Unearned Revenue
- B. Contract Discount
- C. Contract Liability
- D. Contract Asset
Answer: A
NEW QUESTION # 29
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Inverted Allocation Method
- B. Two Step Allocation Method
- C. Residual Allocation Method
- D. Alternative Allocation Method
- E. Relative Allocation Method
Answer: B
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. 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.
- B. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- C. Delete the source data that was imported into Revenue Management and import new source data.
- D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- E. Delete Contracts from the Manage Customer Contracts Ul.
Answer: A
NEW QUESTION # 31
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?
- A. Tolerance ranges
- B. SSP Type
- C. Item Identifier
- D. Reason
- E. Pricing Dimension
- F. Performance Obligation Template
Answer: A,B,E
NEW QUESTION # 32
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 # 33
What does a Variable Consideration require?
- A. an estimate of the consideration be made at inception only
- B. that the consideration be monetary
- C. a disclosure be made to the shareholders
- D. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
Answer: A
Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION # 34
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. A, B, C
- B. B, A, C
- C. C, A, B
- D. B, C, A
- E. A, C, B
- F. C, B, A
Answer: B
NEW QUESTION # 35
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. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- B. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
- C. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
- D. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
Answer: A
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm
NEW QUESTION # 36
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 Displayed option
- C. the shape: Same number of segments and order
- D. the Query Required option
- E. the value sets
Answer: A,C
NEW QUESTION # 37
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
Answer: D
NEW QUESTION # 38
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. 10 User Extensible Fields
- B. 50 User Extensible Fields
- C. 60 User Extensible Fields
- D. 90 User Extensible Fields
Answer: A
NEW QUESTION # 39
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates take precedence over Performance Obligation Rules.
- B. Performance Obligation Templates can be associated to a Revenue Price Profile.
- C. Oracle delivers three predefined Performance Obligation Templates,
- D. Performance Obligation Templates are specific to the business and cannot be predefined.
Answer: C
NEW QUESTION # 40
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