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NEW QUESTION 32
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?
- A. It tracks the difference In a Discount Allocation Account at the contract level.
- B. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
- C. It tracks the difference in a Discount Allocation Account at the contract line level.
- D. It tracks the difference in a Write-off Allocation Account at the contract level.
Answer: C
NEW QUESTION 33
A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:
Which Price Band Segment Label would be appropriate to use in this case?
- A. Quantity Band
- B. Deal Size Band
- C. Set Band
- D. Amount Band
Answer: D
NEW QUESTION 34
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. Variable Schedule
- B. Daily Revenue Rate, All Periods
- C. Daily Revenue Rate, Partial Periods
- D. Daily Revenue Rate
- E. Partial Schedule
- F. Fixed Schedule
Answer: F
NEW QUESTION 35
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Two Step Allocation Method
- B. Inverted Allocation Method
- C. Alternative Allocation Method
- D. Relative Allocation Method
- E. Residual Allocation Method
Answer: A
NEW QUESTION 36
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Discount
- B. Contract Unearned Revenue
- C. Contract Asset
- D. Contract Liability
Answer: B
NEW QUESTION 37
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. an estimate of the consideration be made at inception only
- C. a disclosure be made to the shareholders
- D. that the consideration be monetary
Answer: B
NEW QUESTION 38
Your customer ships 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 Satisfaction Measurement 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 "Allow Partial" and SMM to "Period"
- C. by setting SM to "Requires Complete" and SMM to "Quantity"
- D. by setting SM to "Requires Complete" and SMM to "Period"
- E. by setting SM to "Requires Complete" and SMM to "Percent"
Answer: D
NEW QUESTION 39
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.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?
- A. Create source document types specifically for Euro documents.
- B. Populate Conversion Rate Type in System Options.
- C. Create revenue prices in the Euro currency.
- D. Populate exchange rates in Revenue Price Profile.
Answer: B
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION 40
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......
What is the difference between Selling Amount and Allocated Amount?
- A. 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.
- B. 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.
- C. 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.
- D. 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.
Answer: C
NEW QUESTION 41
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigating from the Implementation Project
- B. By navigating from the Welcome Springboard
- C. By searching
- D. By navigation to an offering's functional area
Answer: A,C,D
NEW QUESTION 42
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. Ignore the performance obligation for the toaster because it was free of cost to the customer.
- D. Create the performance obligation for the toaster manually.
Answer: B
NEW QUESTION 43
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Quote Number
- B. Business Unit
- C. Product Description
- D. Ledger
- E. Delivery Address
- F. Bill To Customer
Answer: A,C,E
NEW QUESTION 44
Which is NOT a Price Band Type?
- A. Quantity Band
- B. Percentage Band
- C. Set Band
- D. Amount Band
Answer: B
NEW QUESTION 45
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. Standalone Selling Prices Allocated
- B. Revenue Recognized
- C. Performance Obligation Billed
- D. Performance Obligation Satisfied
- E. Initial Performance
Answer: B,D,E
NEW QUESTION 46
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It Is a predefined HTML FBDI template.
- B. It is a predefined Java FBDI template.
- C. It is a predefined Excel FBDI template.
- D. It is a custom template that you are required to build.
Answer: C
NEW QUESTION 47
You define a Performance Obligation Identification Rule that uses the following matching 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. 0
- B. 1
- C. 2
- D. 3
Answer: A
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. Independent
- B. Dependent
- C. Format Only
- D. Table
- E. Subset
Answer: C
NEW QUESTION 49
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Analyze pricing policies across products and services.
- B. Define up to 30 segments and name them.
- C. Assign required segment labels to each segment.
- D. Define up to 20 segments and name them.
- E. Create multiple instances for a given Pricing Dimension Structure.
- F. Include user friendly prompts for each segment.
Answer: A,B,C
NEW QUESTION 50
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. your debt to customers for goods and services you are obliged to deliver to them by either party acting
- B. Unearned Revenue
- C. 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
- D. your invoiced goods and services less those goods and services that you have not yet delivered
Answer: A
NEW QUESTION 51
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. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- C. 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.
- D. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
- E. 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
Answer: B,C
NEW QUESTION 52
Which three tasks can be performed In the Revenue Management Work Area?
- A. Edit Contract Identification Rules.
- B. Review Performance Satisfaction Plans.
- C. Manage contracts in "Pending Review" status.
- D. Review Revenue Price Profiles.
- E. Review Observed Standalone Selling Prices.
- F. Manage contracts in "Pending Allocation" status.
Answer: C,E,F
NEW QUESTION 53
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
- A. If nonexistent, these accounts are added automatically to the chart of accounts.
- B. These accounts are not relevant to Revenue Management.
- C. These accounts are optional in Revenue Management.
- D. If nonexistent, these accounts need to be added to the chart of accounts.
Answer: A
NEW QUESTION 54
Which is a term under ASC 606 or IFRS 15?
- A. initial performance event
- B. promise detail
- C. requires complete
- D. transaction price
Answer: D
NEW QUESTION 55
Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?
- A. 90 User Extensible Fields
- B. 60 User Extensible Fields
- C. 10 User Extensible Fields
- D. 50 User Extensible Fields
Answer: C
NEW QUESTION 56
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