Oracle Oracle Certifications 1Z0-1059-22 Questions & Answers

• Question 61:

  Which two are choices for the Satisfaction Method when defining a Performance ObligationIdentification Rule?

  A. require complete

  B. allow partial

  C. allow complete

  D. require partial

  Correct Answer: AB

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

• Question 62:

  What is the correct match sequence of the descriptions A, B andC against the titles?

  

  A. B, C, A

  B. A, C, B

  C. C, B, A

  D. C, A, B

  E. A, B, C

  F. B, A, C

  Correct Answer: F

• Question 63:

  The contract Promised Details tabs includes Selling Amount, Allocated Amount, RevenueRecognized, and Bill.......

  

  What is the difference between Selling Amount and Allocated Amount?

  A. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.

  B. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.

  C. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.

  D. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.

  Correct Answer: B

• Question 64:

  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.

  Correct Answer: BC

• Question 65:

  Given the Standalone SellingPrice Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.

  Which three setup attributes are part of a StandaloneSelling Price Profile?

  A. Observed Standalone Selling Prices

  B. Estimated Standalone Selling Prices

  C. Pricing Dimension Assignment

  D. SSP Tolerance Usage

  E. Items

  Correct Answer: ABC

• Question 66:

  Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

  A. Suppliers

  B. Business Units

  C. Customers

  D. Inventory items

  E. Receivables configurations F. Banks, branches and bank accounts

  Correct Answer: BCD

• Question 67:

  Which is the following is NOT a feature of personalization

  A. Selecting default language

  B. Changing text font

  C. Saving searches

  D. Configuring table columns

  Correct Answer: B

• Question 68:

  65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single packageto 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 69:

  At which level does Oracle Revenue management perform accounting?

  A. Legal entity level

  B. Contract level

  C. Performance obligation level

  Correct Answer: C

• Question 70:

  Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?

  A. Void contract

  B. Preserve contract

  C. Reject line

  D. Reverse line

  E. Reject contract

  Correct Answer: CE