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

• Question 21:

  Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.

  In addition to the SSP Value (price) and Currency, which two are required?

  A. SSP Type

  B. Pricing Dimension

  C. Performance Obligation Template

  D. Unit of Measure

  E. Item Identifier

  Correct Answer: DE

  https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm #FAFRM2339998

• Question 22:

  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.

  Correct Answer: B

• Question 23:

  At which level does Oracle Revenue management perform accounting?

  A. Legal entity level

  B. Contract level

  C. Performance obligation level

  Correct Answer: C

• Question 24:

  65-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 would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

  A. By defining a grouping rule on the customer class

  B. By defining an exclusion rule to exclude customer classes that are "Retail"

  C. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

  D. By defining an item group and assigning that to the rule

  E. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

  Correct Answer: E

• Question 25:

  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?

  A. Wether Dynamic Combination Creation Allowed is enabled

  B. The value sets

  C. The Query Required option

  D. The Displayed option

  E. The shape: Same nunmber of segments and order

  Correct Answer: BE

• Question 26:

  You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:

  Extensible Line Character Attribute 7

  Based on the data displayed:

  

  A. 3

  B. 4

  C. 2

  D. 1

  Correct Answer: A

• Question 27:

  Which three statements describe how Revenue Management creates accounting contracts to meet the

  new ASC 606 / IFRS 15 revenue recognition standards?

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

  B. by calculating Total Transaction Price for contracts

  C. by only creating contracts that are source system specific

  D. by allowing manual allocation of Total Transaction Price across performance obligations

  E. by restricting users from excluding contract lines

  F. by grouping source document lines intro contracts for each identified customer

  Correct Answer: CDF

• Question 28:

  Which three statements about Effective Periods are true?

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

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

  C. Gaps between periods are not allowed.

  D. You cannot have overlapping periods.

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

  Correct Answer: BDE

• Question 29:

  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?

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

  B. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

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

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

  Correct Answer: D

  https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTR ACT_HEADERS_tbl.htm

• Question 30:

  A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup.

  What does the pricing dimension assignment match the pricing dimension segment combination to?

  A. pricing bands

  B. a pricing dimension structure

  C. the source document types

  D. a pricing dimension structure instance

  Correct Answer: A