Oracle 1Z0-1059-20 Online Practice Questions and Exam Preparation

Oracle 1Z0-1059-20 Online Questions & Answers

• Question 31:

  Why are Source Document Type Codes required when defining Source Document Types?

  A. Because they are Revenue Management Descriptive Flexfields.
  B. Because they are needed for integration with Product Management.
  C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
  D. Because they provide uniqueness to the Source Document Types.
  B. Because they are needed for integration with Product Management.

• Question 32:

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

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

• Question 33:

  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 Contract Source Data Import
  D. Customer Sales Data Source Documents Import
  C. Customer Contract Source Data Import

• Question 34:

  Which statement Is True regarding the Customer Contract Source Data Import Template?

  A. It is a predefined Excel FBDI template.
  B. It is a predefined Java FBDI template.
  C. It Is a predefined HTML FBDI template.
  D. It is a custom template that you are required to build.
  A. It is a predefined Excel FBDI template.

• Question 35:

  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 the source data that was imported into Revenue Management and import new source data.
  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 Contracts from the Manage Customer Contracts Ul.
  E. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
  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.

• Question 36:

  Which is a term under ASC 606 or IFRS 15?

  A. transaction price
  B. promise detail
  C. initial performance event
  D. requires complete
  A. transaction price

• Question 37:

  Oracle Revenue Management is part of_____________________predefined offering.

  A. Enterprise Contracts
  B. Fusion Accounting Hub
  C. Incentive Compensation
  D. Financials
  D. Financials

• Question 38:

  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
  C. Flat File

• Question 39:

  In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

  A. It tracks the difference in a Discount Allocation Account at the contract line level.
  B. It tracks the difference in a Write-off Allocation Account at the contract level.
  C. It tracks the difference In a Discount Allocation Account at the contract level.
  D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
  A. It tracks the difference in a Discount Allocation Account at the contract line level.

• Question 40:

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