1Z0-1059-21 Tested & Approved Oracle Cloud Study Materials [Q20-Q36]

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1Z0-1059-21 Tested & Approved Oracle Cloud Study Materials

Validate your Skills with Updated Oracle Cloud Exam Questions & Answers and Test Engine

Oracle 1Z0-1059-21 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure and Manage Standalone Selling Prices Revenue Management Overview
Topic 2	Describe The Revenue Management User Interface Revenue Management Setups
Topic 3	Revenue Management Reporting Revenue Contracts Load Data Using FBDI Templates
Topic 4	Process Customer Contract Source Documents Use Delivered Reports
Topic 5	Explain Contracts, Performance Obligations and Contract Maintenance Explain how to create OTBI reporting objects
Topic 6	Standalone Selling Price and Related Configurations Configure The Revenue Management Application
Topic 7	Describe Revenue Management Integration Requirements Analyze Accounting in Revenue Management

NO.20 Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

by identifying and creating one or more performance obligations for a given accounting contract

by calculating Total Transaction Price for contracts

by only creating contracts that are source system specific

by allowing manual allocation of Total Transaction Price across performance obligations

by restricting users from excluding contract lines

by grouping source document lines intro contracts for each identified customer

NO.21 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?

Reason

Pricing Dimension

Item Identifier

Performance Obligation Template

Tolerance ranges

SSP Type

NO.22 Which three statements about Effective Periods are true?

If effective periods are not defined. Revenue Management uses the General Ledger calendar.

Effective Periods are used for standalone selling prices and for creating journal entries.

Gaps between periods are not allowed.

You cannot have overlapping periods.

Effective Periods only define the rage where standalone selling prices of an item should be effective.

NO.23 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?

Suppliers

Business Units

Customers

Inventory items

Receivables configurations

Banks, branches and bank accounts

NO.24 Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

Observed Standalone Selling Prices

Estimated Standalone Selling Prices

Pricing Dimension Assignment

SSP Tolerance Usage

Items

NO.25 Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

Contract Asset

Contract Price Variance

Contract Liability

Contract Revenue

Contract Expense

Contract Clearing

NO.26 Why are Source Document Type Codes required when defining Source Document Types?

Because they are Revenue Management Descriptive Flexfields.

Because they are needed for integration with Product Management.

Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

Because they provide uniqueness to the Source Document Types.

NO.27 What is a Performance Obligation?

a combination of customer type and product code

a product code or SKU

a promise to a customer on which either party has acted

a promise to a customer

NO.28 Which configuration component is Source Document Type NOT connected to?

Revenue Management System Options

Performance Obligation Template

Contract Identification Rules

Revenue Price Profile

Performance Obligation Identification Rules

NO.29 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?

Amount Band

Deal Size Band

Set Band

Quantity Band

NO.30 Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

when a pricing dimension structure is enabled for pricing bands

when a source document type is enabled to use pricing bands

when a pricing dimension structure Instance Is enabled for pricing bands

when a value set segment label of Set Band is used

NO.31 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?

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

Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

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

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

NO.32 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?

Ignore the performance obligation for the toaster because it was free of cost to the customer.

Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

Create the performance obligation for the toaster manually.

Define an adhoc rule in the Revenue Price Profile to include the toaster.

NO.33 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?

Wether Dynamic Combination Creation Allowed is enabled

The value sets

The Query Required option

The Displayed option

The shape: Same nunmber of segments and order

NO.34 Which is the following is NOT a feature of personalization

Selecting default language

Changing text font

Saving searches

Configuring table columns

NO.35 In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

It tracks the difference in a Discount Allocation Account at the contract line level.