Oracle Revenue Management Cloud 1Z0-1059-22 Questions & Answers

• Question 71:

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

  A. the ability not to revise previouslyreported 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

  Correct Answer: B

  https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm

• Question 72:

  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. RecordType

  D. Currency code of source document

  E. Source Document Unique Identifier Number 1

  F. Date of source Document

  Correct Answer: E

• Question 73:

  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

• Question 74:

  Your customerships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation.

  How would you configure Satisfaction Method (SM) and SatisfactionMeasurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

  A. by setting SM to "Allow Partial" and SMM to "Quantity"

  B. by setting SM to "Requires Complete" and SMM to "Period"

  C. by setting SMto "Requires Complete" and SMM to "Quantity"

  D. by setting SM to "Requires Complete" and SMM to "Percent"

  E. by setting SM to "Allow Partial" and SMM to "Period"

  Correct Answer: B

• Question 75:

  Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which IsNOTa predefined Accounting Class?

  A. Contract Asset

  B. Contract Price Variance

  C. Contract Liability

  D. Contract Revenue

  E. Contract Expense

  F. Contract Clearing

  Correct Answer: E

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

• Question 76:

  When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition.

  Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)

  A. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

  B. Time-based contingencies must not expire before the contingency can be removed and revenue recognized

  C. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

  D. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system,or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

  E. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

  Correct Answer: DE

• Question 77:

  Which setup component Is NOT connected to a Revenue Price Profile?

  A. Contract Identification Rules

  B. Items

  C. Source Document Types

  D. Pricing Dimension Segments

  Correct Answer: C

• Question 78:

  A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.

  How should you handle this scenario In Revenue Management?

  A. Ignore the performance obligation for the toaster because it was free of cost to the customer.

  B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

  C. Create the performance obligation for the toastermanually.

  D. Define an adhoc rule in the Revenue Price Profile to include the toaster.

  Correct Answer: B

• Question 79:

  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

  Correct Answer: ABD

• Question 80:

  Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

  A. your invoiced goods and services less those goods and services that you have notyet delivered

  B. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered

  C. Unearned Revenue

  D. your debt to customers for goods and services you are obliged to deliver to them by either party acting

  Correct Answer: D