Oracle Revenue Management Cloud Service 2021 Implementation Essentials - 1Z0-1059-21 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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. 10 User Extensible Fields B. 60 User Extensible Fields C. 90 User Extensible Fields D. 50 User Extensible Fields

Discussion 0

Correct Answer: A Vote an answer

Question 2

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. Source Document Type D. Priority

Discussion 0

Correct Answer: D Vote an answer

Question 3

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 Document B. Identify Customer Contract Based on Source System C. Identify Customer Contract Based on Party D. Identify Customer Contract Based on Source Document Line

Discussion 0

Correct Answer: A Vote an answer

Question 4

What is the correct match sequence of the descriptions A, B and C against the titles?

A. B, A, C B. A, C, B C. A, B, C D. C, B, A E. B, C, A F. C, A, B

Discussion 0

Correct Answer: A Vote an answer

Question 5

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

A. an allocation of the expected consideration over the performance obligations as if you had sold them separately B. the maximum amount of revenue you can recognize soonest, postponing the minimum until later C. the ability not to revise previously reported revenue for revision, corrections, and other changes D. the fair value of each performance obligation

Discussion 0

Correct Answer: D Vote an answer

Question 6

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 restricting users from excluding contract lines C. by identifying and creating one or more performance obligations for a given accounting contract D. by grouping source document lines intro contracts for each identified customer E. by calculating Total Transaction Price for contracts F. by allowing manual allocation of Total Transaction Price across performance obligations

Discussion 0

Correct Answer: A,D,F Vote an answer

Question 7

The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?

A. Sales order line level data. B. Sales order header level data. C. Sub contract level details. D. Performance obligation satisfaction event details.

Discussion 0

Correct Answer: D Vote an answer

Question 8

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 Contract Source Data Import B. Customer Contract Source Documents Import C. Customer Sales Source Data Import D. Customer Sales Data Source Documents Import

Discussion 0

Correct Answer: A Vote an answer

Question 9

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 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. 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 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. 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.

Discussion 0

Correct Answer: D Vote an answer