1Z0-1059 Online Practice Questions and Answers

Which three tasks can be performed In the Revenue Management Work Area?

A. Edit Contract Identification Rules.

B. Review Observed Standalone Selling Prices.

C. Manage contracts in "Pending Review" status.

D. Manage contracts in "Pending Allocation" status.

E. Review Performance Satisfaction Plans.

F. Review Revenue Price Profiles.

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

A. Define up to 30 segments and name them.

B. Define up to 20 segments and name them.

C. Analyze pricing policies across products and services.

D. Create multiple instances for a given Pricing Dimension Structure.

E. Include user friendly prompts for each segment.

F. Assign required segment labels to each segment.

What does a Variable Consideration require?

A. an estimate of the consideration be made at inception only

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. a disclosure be made to the shareholders

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. 90 User Extensible Fields

D. 50 User Extensible Fields

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. Time-based contingencies must not expire before the contingency can be removed and revenue recognized

C. 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

D. 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.

E. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

A. Contract Asset

B. Contract Price Variance

C. Contract Liability

D. Contract Revenue

E. Contract Expense

F. Contract Clearing

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 is enabled for pricing bands

B. when a source document type is enabled to use pricing bands

C. when a pricing dimension structure Instance Is enabled for pricing bands

D. when a value set segment label of Set Band is used

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. Close the previous period.

B. Review the calculated OSSP.

C. Categorize standalone sales by performance obligation.

D. Approve the OSSP by establishing it.

E. Run the Calculate Observed Standalone Selling Prices program.

F. Run Create Accounting.

What is a contract modification?

A. a change to the contract caused by negotiation with the customer

B. a revision or correction to the estimate of variable consideration made at inception

C. a change (modification) to the contract data

D. an increase or decrease in expected collectability

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. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.

B. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

C. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.

D. Run the Calculate Observed Standalone Selling Prices program to derive prices.

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:

A. 3

B. 4

C. 2

D. 1

Oracle Revenue Management is part of_____________________predefined offering.

A. Enterprise Contracts

B. Fusion Accounting Hub

C. Incentive Compensation

D. Financials

Why Is Satisfaction Method a key element of a Performance Obligation?

A. because it determines whether revenue for a good or service is recognized Over Time or Point in Time

B. because it calculates the amount of Total Transaction Price allocated to date

C. because it calculates the percentage of Total Transaction Price allocated to date

D. because it specifies whether revenue has been fully or partially recognized for a good or service

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

A. allocates the SSP to various satisfaction events

B. creates the accounting for the stages in the process

C. allocates the SSP to various performance obligations

D. recognizes revenue if any satisfaction events exist

E. creates customer contracts and performance obligations

Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

A. require complete

B. allow partial

C. allow complete

D. require partial