[2023] Practice with these 1z0-1059-22 dumps Certification Sample Questions [Q45-Q61]

Rate this post

[2023] Practice with these 1z0-1059-22 dumps Certification Sample Questions

Get Instant Access of 100% REAL 1z0-1059-22 DUMP Pass Your Exam Easily

The exam consists of 60 multiple-choice questions that cover a range of topics such as revenue management concepts, revenue recognition, contract management, and billing management. The exam duration is two hours, and candidates must score a minimum of 63% to pass the exam.

To prepare for the Oracle 1z0-1059-22 exam, candidates should have a thorough understanding of revenue management concepts and principles. They should also have experience in configuring and deploying revenue management solutions using Oracle Revenue Management Cloud Service. Candidates can prepare for the exam by attending training courses, reviewing documentation, and practicing with sample questions and scenarios. Upon successful completion of the exam, candidates will be certified as Oracle Revenue Management Cloud Service 2022 Implementation Professionals.

NO.45 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?

HTML

PowerPoint

Flat File

PDF

NO.46 In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

It tracks the difference in a Discount Allocation Account at the contract line level.

It tracks the difference in a Write-off Allocation Account at the contract level.

It tracks the difference In a Discount Allocation Account at the contract level.

It Tracks the difference in a Write-Off Allocation Account at the contract line level.

NO.47 A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?

Smart View

Business Intelligence Publisher

Oracle Transactional Business Intelligence

Reporting Studio

NO.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?

Table

Subset

Independent

Format Only

Dependent

NO.49 Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

These accounts are optional in Revenue Management.

If nonexistent, these accounts need to be added to the chart of accounts.

If nonexistent, these accounts are added automatically to the chart of accounts.

These accounts are not relevant to Revenue Management.

NO.50 Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

Observed Standalone Selling Prices

Estimated Standalone Selling Prices

Pricing Dimension Assignment

SSP Tolerance Usage

Items

NO.51 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?

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

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

Create the performance obligation for the toaster manually.

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

NO.52 Why are Source Document Type Codes required when defining Source Document Types?

Because they are Revenue Management Descriptive Flexfields.

Because they are needed for integration with Product Management.

Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

Because they provide uniqueness to the Source Document Types.

NO.53 Which is a term under ASC 606 or IFRS 15?

transaction price

promise detail

initial performance event

requires complete

NO.54 The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….

What is the difference between Selling Amount and Allocated Amount?

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.

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.

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.

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.

NO.55 Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

your invoiced goods and services less those goods and services that you have not yet delivered

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

Unearned Revenue

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

NO.56 A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How should you configure
Revenue management to ensure that these items are grouped into one performance obligation?

By defining a Revenue Item Group

By defining a Standalone Selling Price Profile.

By defining a Performance Obligation Template.

By defining a Contact Identification Rule.

NO.57 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?

Suppliers

Business Units

Customers

Inventory items

Receivables configurations

Banks, branches and bank accounts

NO.58 Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue Management, which two reporting objects can users build In the BI catalog?

Infolets

Dashboards

Infotile

Analysis

NO.59 Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

Revenue Management can only integrate to Fusion Receivables.

You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

NO.60 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?

Create a reporting ledger.

Create a new primary ledger.

Create a secondary ledger.

Using their existing primary ledger.

NO.61 The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?

The total Transaction Price is over the user-defined threshold amount.

The contract is missing standalone selling prices at the promised detail level or at obligation level.

The contract is missing satisfaction events.

The contract is missing Billing data.

Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.

Loading …

To be eligible for the Oracle 1z0-1059-22 certification exam, candidates should have a strong understanding of revenue management principles and practices. They should also have experience working with cloud-based solutions and be familiar with Oracle Revenue Management Cloud Service 2022. Additionally, candidates should have experience working with customers and stakeholders to ensure successful implementation of the service.

Free Exam Files Downloaded Instantly: https://www.real4exams.com/1z0-1059-22_braindumps.html