Oracle 1Z0-1059-21 Online Practice Questions and Exam Preparation

Oracle 1Z0-1059-21 Online Questions & Answers

• Question 1:

  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 Satisfied
  B. Performance Obligation Billed
  C. Initial Performance
  D. Revenue Recognized
  E. Standalone Selling Prices Allocated
  A. Performance Obligation Satisfied
  C. Initial Performance
  D. Revenue Recognized

• Question 2:

  Which is NOT a predefined Accounting Class for Revenue Management?

  A. Contract Discount
  B. Contract Liability
  C. Contract Unearned Revenue
  D. Contract Asset
  C. Contract Unearned Revenue

• Question 3:

  When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

  

  A. when the Satisfaction Measurement Model is set to Amount
  B. when the Satisfaction Measurement Model is set to Period
  C. when the Satisfaction Measurement Model is set to Quantity
  D. when the Satisfaction Measurement Model Is set to Percentage
  B. when the Satisfaction Measurement Model is set to Period

• Question 4:

  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
  E. Contract Expense

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  Reference: https://docs.oracle.com/en/cloud/saas/financials/r13- update18a/fafrm/financials-cloud-using-revenue-management.pdf

• Question 5:

  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. Table
  B. Subset
  C. Independent
  D. Format Only
  E. Dependent
  D. Format Only

• Question 6:

  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
  A. require complete
  B. allow partial

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  https://docs.oracle.com/en/cloud/saas/financials/r13- update18a/fafrm/recognize-revenue.html#FAFRM2321853

• Question 7:

  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. Freeze Period
  B. Default Classification
  C. Source Document Type
  D. Priority
  D. Priority

• Question 8:

  Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires. Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

  A. Fixed Schedule
  B. Variable Schedule
  C. Daily Revenue Rate, All Periods
  D. Daily Revenue Rate, Partial Periods
  E. Partial Schedule
  F. Daily Revenue Rate
  A. Fixed Schedule

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  Reference: https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_888B257D55BE0BBDE040D30A688 13B17

• Question 9:

  Given Oracle Revenue Management Cloud has predefined integration with Oracle E- Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

  A. Apply appropriate patches to EBS.
  B. Run the Deploy System Options process.
  C. Set the Profile Option AR: Source System Value for Revenue Management.
  D. Map the EBS Chart of Accounts to the Cloud General Ledger.
  E. Set the System Options in EBS Receivables on the Revenue Management tab.
  B. Run the Deploy System Options process.
  D. Map the EBS Chart of Accounts to the Cloud General Ledger.

• Question 10:

  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
  A. when a pricing dimension structure is enabled for pricing bands

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  Reference:

  https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2339999.htm #FAFRM1360704