2021 Realistic Verified 1Z0-1059-20 exam dumps Q&As - 1Z0-1059-20 Free Update
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Who should take the Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 exam
The 1z0-1059-20 Exam is ideal for those technical professionals who want to accelerate their knowledge in the revenue management of the Oracle cloud services. There is no such prerequisite for 1z0-1059-20 exam, anyone who having some skillset in cost management of the Oracle cloud services or having an interest in learning how to optimize cost for the Oracle cloud services can prepare for 1z0-1059-20 exam.
What is the duration, language, and format of Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam
- Format: Multiple choices
- Language: English (U.S)
- Number of Questions: 55
- Length of Examination: 85 minutes
- Passing score: 64%
NEW QUESTION 33
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a pricing dimension structure Instance Is enabled for pricing bands
- B. when a pricing dimension structure is enabled for pricing bands
- C. when a value set segment label of Set Band is used
- D. when a source document type is enabled to use pricing bands
Answer: B
NEW QUESTION 34
What does a Variable Consideration require?
- A. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
- B. a disclosure be made to the shareholders
- C. an estimate of the consideration be made at inception only
- D. that the consideration be monetary
Answer: C
Explanation:
Explanation
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION 35
What is a Performance Obligation?
- A. a promise to a customer on which either party has acted
- B. a promise to a customer
- C. a combination of customer type and product code
- D. a product code or SKU
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2456627
NEW QUESTION 36
Which configuration component is Source Document Type
- A. Contract Identification Rules
- B. Performance Obligation Template
- C. Performance Obligation Identification Rules
- D. Revenue Management System Options
- E. Revenue Price Profile
Answer: E
NEW QUESTION 37
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. 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.
- C. Create the performance obligation for the toaster manually.
- D. Ignore the performance obligation for the toaster because it was free of cost to the customer.
Answer: B
NEW QUESTION 38
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Discount
- B. Contract Asset
- C. Contract Liability
- D. Contract Unearned Revenue
Answer: D
NEW QUESTION 39
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Analyze standalone selling prices for one or multiple effective periods.
- B. Monitor transaction price calculation and allocation.
- C. Drill down to data used to derive standalone selling prices.
- D. Diagnose revenue price profile.
- E. Review performance obligations by effective period.
Answer: A,D
NEW QUESTION 40
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
- A. Performance Obligation Satisfied
- B. Initial Performance
- C. Performance Obligation Billed
- D. Revenue Recognized
- E. Standalone Selling Prices Allocated
Answer: A,B,D
NEW QUESTION 41
What is a contract modification?
- A. an increase or decrease in expected collectability
- B. a change to the contract caused by negotiation with the customer
- C. a revision or correction to the estimate of variable consideration made at inception
- D. a change (modification) to the contract data
Answer: B
NEW QUESTION 42
The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?
- A. Flat File
- B. PowerPoint
- C. HTML
- D. PDF
Answer: A
NEW QUESTION 43
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?
- A. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
- B. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- C. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- D. Delete the source data that was imported into Revenue Management and import new source data.
- E. Delete Contracts from the Manage Customer Contracts Ul.
Answer: A
NEW QUESTION 44
Which statement is NOT applicable to Performance Obligation Templates?
- A. Performance Obligation Templates can be associated to a Revenue Price Profile.
- B. Oracle delivers three predefined Performance Obligation Templates,
- C. Performance Obligation Templates are specific to the business and cannot be predefined.
- D. Performance Obligation Templates take precedence over Performance Obligation Rules.
Answer: B
NEW QUESTION 45
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
- A. Daily Revenue Rate, Partial Periods
- B. Variable Schedule
- C. Partial Schedule
- D. Daily Revenue Rate
- E. Daily Revenue Rate, All Periods
- F. Fixed Schedule
Answer: F
NEW QUESTION 46
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?
- A. Customer Sales Data Source Documents Import
- B. Customer Contract Source Data Import
- C. Customer Contract Source Documents Import
- D. Customer Sales Source Data Import
Answer: B
NEW QUESTION 47
Which three statements about Effective Periods are true?
- A. Effective Periods are used for standalone selling prices and for creating journal entries.
- B. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- C. You cannot have overlapping periods.
- D. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
- E. Gaps between periods are not allowed.
Answer: A,B,C
NEW QUESTION 48
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. Dependent
- C. Format Only
- D. Independent
- E. Subset
Answer: C
NEW QUESTION 49
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. Performance Obligation Template
- B. SSP Type
- C. Item Identifier
- D. Unit of Measure
- E. Pricing Dimension
Answer: C,D
Explanation:
Explanation
https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm#FAFRM2339998
NEW QUESTION 50
What does the creation of an allocation allow you to determine?
- A. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- B. the fair value of each performance obligation
- C. the ability not to revise previously reported revenue for revision, corrections, and other changes
- D. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION 51
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