Certification Topics of 1z0-1059-22 Exam PDF Recently Updated Questions [Q23-Q47]

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Certification Topics of 1z0-1059-22 Exam PDF Recently Updated Questions

1z0-1059-22 Exam Prep Guide: Prep guide for the 1z0-1059-22 Exam

Oracle 1z0-1059-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)
Topic 2	Configure and Manage Standalone Selling Prices Describe The Revenue Management User Interface
Topic 3	Standalone Selling Price and Related Configurations Analyze Accounting in Revenue Management
Topic 4	Configure The Revenue Management Application Process Customer Contract Source Documents

NEW QUESTION 23
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?

Wether Dynamic Combination Creation Allowed is enabled

The value sets

The Query Required option

The Displayed option

The shape: Same nunmber of segments and order

NEW QUESTION 24
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

by identifying and creating one or more performance obligations for a given accounting contract

by calculating Total Transaction Price for contracts

by only creating contracts that are source system specific

by allowing manual allocation of Total Transaction Price across performance obligations

by restricting users from excluding contract lines

by grouping source document lines intro contracts for each identified customer

NEW QUESTION 25
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?

Performance Obligation Satisfied

Performance Obligation Billed

Initial Performance

Revenue Recognized

Standalone Selling Prices Allocated

NEW QUESTION 26
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

NEW QUESTION 27
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?

General Ledger account derivation based on predefined events

centralized accounting solution

General Ledger journal creation

multiple accounting representations

revaluation of assets and liabilities

stand-alone selling price derivation

NEW QUESTION 28
What does the creation of an allocation allow you to determine?

the ability not to revise previously reported revenue for revision, corrections, and other changes

the fair value of each performance obligation

the maximum amount of revenue you can recognize soonest, postponing the minimum until later

an allocation of the expected consideration over the performance obligations as if you had sold them separately

https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm

NEW QUESTION 29
How can you access an implementation task in Functional Setup Manager. (choose 3)

By navigating from the Implementation Project

By navigation to an offering’s functional area

By navigating from the Welcome Springboard

By searching

NEW QUESTION 30
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?

60 User Extensible Fields

10 User Extensible Fields

90 User Extensible Fields

50 User Extensible Fields

NEW QUESTION 31
Which three attributes are helpful in defining a Contract Identification Rule?

Product Description

Quote Number

Delivery Address

Bill To Customer

Ledger

Business Unit

NEW QUESTION 32
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?

Amount Band

Deal Size Band

Set Band

Quantity Band

NEW QUESTION 33
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

when a pricing dimension structure is enabled for pricing bands

when a source document type is enabled to use pricing bands

when a pricing dimension structure Instance Is enabled for pricing bands

when a value set segment label of Set Band is used

NEW QUESTION 34
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?

Identify Customer Contract Based on Party

Identify Customer Contract Based on Source Document Line

Identify Customer Contract Based on Source Document

Identify Customer Contract Based on Source System

NEW QUESTION 35
Which statement is NOT applicable to Performance Obligation Templates?

Oracle delivers three predefined Performance Obligation Templates,

Performance Obligation Templates are specific to the business and cannot be predefined.

Performance Obligation Templates take precedence over Performance Obligation Rules.

Performance Obligation Templates can be associated to a Revenue Price Profile.

NEW QUESTION 36
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

NEW QUESTION 37
Oracle Revenue Management is part of_____________________predefined offering.

Enterprise Contracts

Fusion Accounting Hub

Incentive Compensation

Financials

NEW QUESTION 38
Given your organization’s Interactions with one of Its customers:
A consultant is deployed to assist customer on 10-Sep-2017.
A Sales order is booked on 14-Sep-2017.
The Product is shipped on 15-Sep-2017.
An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

when the consultant is deployed to assist customer on 10-Sep-2017

when the product is shipped on 15-Sep-2017

when the sales order Is booked on 14-Sep-2017

when an invoice is issued on 20-Sep-2017

NEW QUESTION 39
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?

whether Dynamic Combination Creation Allowed is enabled

the shape: Same number of segments and order

the Displayed option

the value sets

the Query Required option

NEW QUESTION 40
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.

NEW QUESTION 41
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?

Freeze Period

Default Classification

Source Document Type

Priority

NEW QUESTION 42
Which three tasks can be performed In the Revenue Management Work Area?

Edit Contract Identification Rules.

Review Observed Standalone Selling Prices.

Manage contracts in “Pending Review” status.

Manage contracts in “Pending Allocation” status.

Review Performance Satisfaction Plans.

Review Revenue Price Profiles.

NEW QUESTION 43
Which setup component Is NOT connected to a Revenue Price Profile?

Contract Identification Rules

Items

Source Document Types

Pricing Dimension Segments

NEW QUESTION 44
Which is NOT a required piece of information when importing contract header Information from a source file?

Date of Source Document

Source Document Type code

Record Type

Source System

Currency code of source document

Source Document Unique Identifier Number 1

NEW QUESTION 45
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

allocates the SSP to various satisfaction events

creates the accounting for the stages in the process

allocates the SSP to various performance obligations

recognizes revenue if any satisfaction events exist

creates customer contracts and performance obligations

NEW QUESTION 46
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

when the Deferred Revenue box is checked

when it is a business requirement

when Context Values are populated

when the Type is Fixed or Variable

NEW QUESTION 47
A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?

pricing bands

a pricing dimension structure

the source document types

a pricing dimension structure instance

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