Oracle 1Z0-1059 Online Practice Questions and Exam Preparation

Oracle 1Z0-1059 Online Questions & Answers

• Question 1:

  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.
  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 of an item should be effective.

• Question 2:

  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.
  B. Diagnose revenue price profile.
  E. Analyze standalone selling prices for one or multiple effective periods.

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  Reference: https://cloud.oracle.com/opc/saas/RevMgmt/r13/nfs/r13-revenue-nfs.pdf (p.4)

• Question 3:

  

  Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

  A. Revenue Management can only integrate to Fusion Receivables.
  B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
  C. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
  D. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
  A. Revenue Management can only integrate to Fusion Receivables.
  D. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

• Question 4:

  Which is a term under ASC 606 or IFRS 15?

  A. transaction price
  B. promise detail
  C. initial performance event
  D. requires complete
  A. transaction price

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  Reference:

  https://cloud.oracle.com/_downloads/Datasheet_Financials_3_RevenueMgmt/Revenue_M anagement_Datasheet.pdf

• Question 5:

  What is a Standalone Selling Price (SSP)?

  A. the average of your bundled price
  B. the sum of the SSPs of the components
  C. the list price
  D. the price you would use if you sold to a customer separately
  D. the price you would use if you sold to a customer separately

• Question 6:

  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 toaster manually.
  D. Define an adhoc rule in the Revenue Price Profile to include the toaster.
  B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

• Question 7:

  Which method is used to allocate total transaction price across performance obligations in Revenue Management?

  A. Inverted Allocation Method
  B. Residual Allocation Method
  C. Relative Allocation Method
  D. Two Step Allocation Method
  E. Alternative Allocation Method
  D. Two Step Allocation Method

• Question 8:

  A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.

  Which validation type must be selected when defining this Value Set?

  A. Table
  B. Subset
  C. Independent
  D. Format Only
  E. Dependent
  D. Format Only

• Question 9:

  Given your organization's Interactions with one of Its customers:

  1.

  A consultant is deployed to assist customer on 10-Sep-2017.

  2.

  A Sales order is booked on 14-Sep-2017.

  3.

  The Product is shipped on 15-Sep-2017.

  4.

  An Invoice is issued on 20-Sep-2017.

  When do you accrue the contract liability?

  A. when the consultant is deployed to assist customer on 10-Sep-2017
  B. when the product is shipped on 15-Sep-2017
  C. when the sales order Is booked on 14-Sep-2017
  D. when an invoice is issued on 20-Sep-2017
  A. when the consultant is deployed to assist customer on 10-Sep-2017

• Question 10:

  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
  B. Business Units
  C. Customers
  D. Inventory items