[Feb 25, 2023] Powerful 1z0-1059-22 PDF Dumps for 1z0-1059-22 Questions
Authentic 1z0-1059-22 Dumps - Free PDF Questions to Pass
Oracle 1z0-1059-22 Exam Syllabus Topics:
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NEW QUESTION 30
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Financials
- C. Incentive Compensation
- D. Fusion Accounting Hub
Answer: B
NEW QUESTION 31
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
- A. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
- B. Revenue Management can only integrate to Fusion Receivables.
- C. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
- D. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
Answer: A,B
NEW QUESTION 32
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?
- A. the shape: Same number of segments and order
- B. the Query Required option
- C. the value sets
- D. the Displayed option
- E. whether Dynamic Combination Creation Allowed is enabled
Answer: A,E
NEW QUESTION 33
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 34
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. Populate exchange rates in Revenue Price Profile.
- B. Populate Conversion Rate Type in System Options.
- C. Create source document types specifically for Euro documents.
- D. Create revenue prices in the Euro currency.
Answer: B
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION 35
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?
- A. Create a reporting ledger.
- B. Create a secondary ledger.
- C. Using their existing primary ledger.
- D. Create a new primary ledger.
Answer: C
NEW QUESTION 36
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. PDF
- B. Flat File
- C. HTML
- D. PowerPoint
Answer: B
NEW QUESTION 37
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
- A. allow partial
- B. allow complete
- C. require complete
- D. require partial
Answer: A,C
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853
NEW QUESTION 38
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?
- A. Default Classification
- B. Freeze Period
- C. Priority
- D. Source Document Type
Answer: C
NEW QUESTION 39
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by only creating contracts that are source system specific
- B. by grouping source document lines intro contracts for each identified customer
- C. by identifying and creating one or more performance obligations for a given accounting contract
- D. by calculating Total Transaction Price for contracts
- E. by allowing manual allocation of Total Transaction Price across performance obligations
- F. by restricting users from excluding contract lines
Answer: A,B,E
NEW QUESTION 40
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?
- A. Identify Customer Contract Based on Source System
- B. Identify Customer Contract Based on Source Document Line
- C. Identify Customer Contract Based on Source Document
- D. Identify Customer Contract Based on Party
Answer: C
NEW QUESTION 41
Why are Source Document Type Codes required when defining Source Document Types?
- A. Because they are needed for integration with Product Management.
- B. Because they provide uniqueness to the Source Document Types.
- C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
- D. Because they are Revenue Management Descriptive Flexfields.
Answer: A
NEW QUESTION 42
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?
- A. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- B. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
- C. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
- D. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
Answer: A
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm
NEW QUESTION 43
At which level does Oracle Revenue management perform accounting?
- A. Contract level
- B. Performance obligation level
- C. Legal entity level
Answer: B
NEW QUESTION 44
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. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
- B. 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. - 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. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- 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.
Answer: B,E
NEW QUESTION 45
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
- B. Expected consideration value is applicable to all industries.
- C. Pricing estimates cannot be used In the absence of pricing data.
- D. Revenue and performance obligation liabilities are not dependent on billing.
Answer: B,C
NEW QUESTION 46
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