[Feb 10, 2025] Oracle 1Z0-1059-24 Exam Dumps Are Essential To Get Good Marks
Latest Oracle 1Z0-1059-24 Dumps with Test Engine and PDF (New Questions)
NEW QUESTION # 21
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Asset
- B. Contract Unearned Revenue
- C. Contract Liability
- D. Contract Discount
Answer: B
NEW QUESTION # 22
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Residual Allocation Method
- B. Two Step Allocation Method
- C. Relative Allocation Method
- D. Inverted Allocation Method
- E. Alternative Allocation Method
Answer: B
NEW QUESTION # 23
A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?
- A. Business Intelligence Publisher
- B. Reporting Studio
- C. Smart View
- D. Oracle Transactional Business Intelligence
Answer: A
NEW QUESTION # 24
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
- A. Ignore the performance obligation for the toaster because it was free of cost to the customer.
- B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- C. Create the performance obligation for the toaster manually.
- D. Define an adhoc rule in the Revenue Price Profile to include the toaster.
Answer: B
NEW QUESTION # 25
Which, when transferred to a customer, allows you to recognize revenue?
- A. a performance obligation
- B. a shipment
- C. an invoice
- D. promise detail
Answer: A
NEW QUESTION # 26
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they are needed for integration with Product Management.
- B. Because they provide uniqueness to the Source Document Types.
- C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
- D. Because they are Revenue Management Descriptive Flexfields.
Answer: A
NEW QUESTION # 27
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
- A. transaction price derived from the source system line import
- B. revenue recognized for each performance obligation
- C. transaction price distributed to each performance obligation
- D. stand-alone selling price assigned to the promised detail line
Answer: C
NEW QUESTION # 28
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 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 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: B
NEW QUESTION # 29
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. B, A, C
- B. C, B, A
- C. A, B, C
- D. C, A, B
- E. B, C, A
- F. A, C, B
Answer: A
NEW QUESTION # 30
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
- A. Oracle General Ledger
- B. Oracle Revenue Management Cloud
- C. Oracle Subledger Accounting
- D. Oracle Receivables
Answer: B,C
NEW QUESTION # 31
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. General Ledger account derivation based on predefined events
- B. stand-alone selling price derivation
- C. centralized accounting solution
- D. General Ledger journal creation
- E. multiple accounting representations
- F. revaluation of assets and liabilities
Answer: D,E,F
NEW QUESTION # 32
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?
- A. Reverse line
- B. Void contract
- C. Reject line
- D. Preserve contract
- E. Reject contract
Answer: C,E
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm
NEW QUESTION # 33
At which level does Oracle Revenue management perform accounting?
- A. Performance obligation level
- B. Contract level
- C. Legal entity level
Answer: A
NEW QUESTION # 34
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How should you configure Revenue management to ensure that these items are grouped into one performance obligation?
- A. By defining a Standalone Selling Price Profile.
- B. By defining a Performance Obligation Template.
- C. By defining a Revenue Item Group
- D. By defining a Contact Identification Rule.
Answer: C
NEW QUESTION # 35
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Business Unit
- B. Product Description
- C. Quote Number
- D. Ledger
- E. Delivery Address
- F. Bill To Customer
Answer: B,C,E
NEW QUESTION # 36
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
- A. Performance Obligation Billed
- B. Initial Performance
- C. Performance Obligation Satisfied
- D. Standalone Selling Prices Allocated
- E. Revenue Recognized
Answer: B,C,E
NEW QUESTION # 37
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Include user friendly prompts for each segment.
- B. Assign required segment labels to each segment.
- C. Define up to 20 segments and name them.
- D. Define up to 30 segments and name them.
- E. Create multiple instances for a given Pricing Dimension Structure.
- F. Analyze pricing policies across products and services.
Answer: B,D,F
NEW QUESTION # 38
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: C
NEW QUESTION # 39
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