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NEW QUESTION 32
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Revenue
- B. Contract Liability
- C. Contract Price Variance
- D. Contract Expense
- E. Contract Asset
- F. Contract Clearing
Answer: D
NEW QUESTION 33
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Fusion Accounting Hub
- C. Incentive Compensation
- D. Financials
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. Fixed Schedule
- B. Variable Schedule
- C. Daily Revenue Rate, Partial Periods
- D. Daily Revenue Rate
- E. Partial Schedule
- F. Daily Revenue Rate, All Periods
Answer: A
NEW QUESTION 35
What is a contract modification?
- A. an increase or decrease in expected collectability
- B. a change (modification) to the contract data
- C. a revision or correction to the estimate of variable consideration made at inception
- D. a change to the contract caused by negotiation with the customer
Answer: D
NEW QUESTION 36
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
- C. Identify Customer Contract Based on Source Document Line
- D. Identify Customer Contract Based on Party
Answer: B
NEW QUESTION 37
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?
- A. revaluation of assets and liabilities
- B. General Ledger journal creation
- C. multiple accounting representations
- D. stand-alone selling price derivation
- E. General Ledger account derivation based on predefined events
- F. centralized accounting solution
Answer: A,B,C
NEW QUESTION 38
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Business Unit
- B. Ledger
- C. Bill To Customer
- D. Product Description
- E. Quote Number
- F. Delivery Address
Answer: D,E,F
NEW QUESTION 39
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. Customers
- C. Inventory items
- D. Receivables configurations
- E. Business Units
- F. Banks, branches and bank accounts
Answer: B,C,E
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 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.
- C. 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.
- D. 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.
Answer: D
NEW QUESTION 41
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. your invoiced goods and services less those goods and services that you have not yet delivered
- B. your debt to customers for goods and services you are obliged to deliver to them by either party acting
- 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. Unearned Revenue
Answer: B
NEW QUESTION 42
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. Create revenue prices in the Euro currency.
- C. Populate Conversion Rate Type in System Options.
- D. Populate exchange rates in Revenue Price Profile.
Answer: C
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION 43
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 Source Data Import
- B. Customer Contract Source Documents Import
- C. Customer Sales Data Source Documents Import
- D. Customer Contract Source Data Import
Answer: D
NEW QUESTION 44
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
- A. allow complete
- B. require complete
- C. allow partial
- D. require partial
Answer: B,C
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853
NEW QUESTION 45
Which is NOT a Price Band Type?
- A. Quantity Band
- B. Set Band
- C. Percentage Band
- D. Amount Band
Answer: C
NEW QUESTION 46
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by allowing manual allocation of Total Transaction Price across performance obligations
- B. by calculating Total Transaction Price for contracts
- C. by only creating contracts that are source system specific
- D. by restricting users from excluding contract lines
- E. by grouping source document lines intro contracts for each identified customer
- F. by identifying and creating one or more performance obligations for a given accounting contract
Answer: A,C,E
NEW QUESTION 47
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