Oracle 1Z0-1059-22 Online Practice Questions and Exam Preparation

Oracle 1Z0-1059-22 Online Questions & Answers

• Question 1:

  The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively. What data Is capturedIn the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?

  A. Performance obligation satisfaction event details.
  B. Sales order header level data.
  C. Sub contract level details.
  D. Sales order line level data.
  A. Performance obligation satisfaction event details.

• Question 2:

  Which isNOTa required piece of information when importing contract header Information from a source file?

  A. Date of Source Document
  B. Source Document Type code
  C. Record Type
  D. Source System
  E. Currency code of source document
  F. Source Document Unique Identifier Number 1
  F. Source Document Unique Identifier Number 1

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  Explanation/Reference:

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

• Question 3:

  The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

  A. Oracle Revenue Management Cloud
  B. Oracle Receivables
  C. Oracle General Ledger
  D. Oracle Subledger Accounting
  A. Oracle Revenue Management Cloud
  D. Oracle Subledger Accounting

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  Explanation/Reference:

  Reference:https://docs.oracle.com/cloud/r13_update17c/financialscs_gs/OCUAR/OCUAR1559322.htm#OCUAR1559322

• Question 4:

  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 ofan item should be effective.
  B. Effective Periods are used for standalone selling prices and for creating journal entries.
  D. You cannot have overlapping periods.
  E. Effective Periods only define the rage where standalone selling prices ofan item should be effective.

• Question 5:

  After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.

  Which predefined Contract Identification Rule can be used in this case?

  A. Identify Customer Contract Based on Party
  B. Identify Customer Contract Based on Source Document Line
  C. Identify Customer Contract Based on Source Document
  D. Identify Customer Contract Based on Source System
  C. Identify Customer Contract Based on Source Document

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  Explanation/Reference:

  Reference:https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2433444

• Question 6:

  What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy underASC 606 and IFRS 15?

  A. Create a reporting ledger.
  B. Create a new primary ledger.
  C. Create a secondary ledger.
  D. Using their existing primary ledger.
  D. Using their existing primary ledger.

• Question 7:

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

  Extensible Line Character Attribute 7

  Based on the data displayed:

  

  How many performance obligations will be created In Revenue Management?

  A. 6
  B. 4
  C. 5
  D. 3
  D. 3

• Question 8:

  A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.

  Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

  A. Select Conversion RateType in the Source Document Type setup.
  B. Run the Revenue Management translation process.
  C. Enter Conversion Rate Type in System Options.
  D. Provide currency conversion details in the Revenue Basis Data Import Template.
  E. Enter exchange rate informationin Standalone Selling Price Profile.
  B. Run the Revenue Management translation process.
  C. Enter Conversion Rate Type in System Options.

• Question 9:

  Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Managementto 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 10:

  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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?

  A. By defining a Revenue Item Group
  B. By defining a Standalone Selling Price Profile.
  C. By defining a Performance Obligation Template.
  D. By defining a Contact Identification Rule.
  A. By defining a Revenue Item Group