Exam Details

  • Exam Code
    :1Z0-1059-21
  • Exam Name
    :Oracle Revenue Management Cloud Service 2021 Implementation Essentials
  • Certification
    :Enterprise Resource Planning (ERP)
  • Vendor
    :Oracle
  • Total Questions
    :75 Q&As
  • Last Updated
    :May 12, 2024

Oracle Enterprise Resource Planning (ERP) 1Z0-1059-21 Questions & Answers

  • Question 11:

    Which is Not a required piece of information when importing contract header information from a source file?

    A. Source System

    B. Source Document Type code

    C. Record Type

    D. Currency code of source document

    E. Source Document Unique Identifier Number 1

    F. Date of source Document

  • Question 12:

    Which two are intended uses for the Standalone Selling Price Report Dashboard?

    A. Review performance obligations by effective period.

    B. Diagnose revenue price profile.

    C. Drill down to data used to derive standalone selling prices.

    D. Monitor transaction price calculation and allocation.

    E. Analyze standalone selling prices for one or multiple effective periods.

  • Question 13:

    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

  • Question 14:

    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. Smart View

    B. Business Intelligence Publisher

    C. Oracle Transactional Business Intelligence

    D. Reporting Studio

  • Question 15:

    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

  • Question 16:

    How can you access an implementation task in Functional Setup Manager. (choose 3)

    A. By navigating from the Implementation Project

    B. By navigation to an offering's functional area

    C. By navigating from the Welcome Springboard

    D. By searching

  • Question 17:

    What does the creation of an allocation allow you to determine?

    A. the ability not to revise previously reported revenue for revision, corrections, and other changes

    B. the fair value of each performance obligation

    C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later

    D. an allocation of the expected consideration over the performance obligations as if you had sold them separately

  • Question 18:

    Oracle Revenue Management is part of_____________________predefined offering.

    A. Enterprise Contracts

    B. Fusion Accounting Hub

    C. Incentive Compensation

    D. Financials

  • Question 19:

    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

  • Question 20:

    Which configuration component is Source Document Type NOT connected to?

    A. Revenue Management System Options

    B. Performance Obligation Template

    C. Contract Identification Rules

    D. Revenue Price Profile

    E. Performance Obligation Identification Rules

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