[Apr 29, 2025] Fully Updated Dumps PDF - Latest 1Z0-1059-24 Exam Questions and Answers
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NEW QUESTION # 45
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?
- A. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
- B. Delete the source data that was imported into Revenue Management and import new source data.
- C. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- E. Delete Contracts from the Manage Customer Contracts Ul.
Answer: A
NEW QUESTION # 46
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. Unearned Revenue
- B. your invoiced goods and services less those goods and services that you have not yet delivered
- 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. your debt to customers for goods and services you are obliged to deliver to them by either party acting
Answer: D
NEW QUESTION # 47
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. 90 User Extensible Fields
- C. 50 User Extensible Fields
- D. 60 User Extensible Fields
Answer: A
NEW QUESTION # 48
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. C, A, B
- B. B, C, A
- C. A, C, B
- D. B, A, C
- E. C, B, A
- F. A, B, C
Answer: D
NEW QUESTION # 49
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
- A. transaction price distributed to each performance obligation
- B. transaction price derived from the source system line import
- C. stand-alone selling price assigned to the promised detail line
- D. revenue recognized for each performance obligation
Answer: A
NEW QUESTION # 50
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Residual Allocation Method
- B. Two Step Allocation Method
- C. Relative Allocation Method
- D. Alternative Allocation Method
- E. Inverted Allocation Method
Answer: B
NEW QUESTION # 51
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 Party
- C. Identify Customer Contract Based on Source Document
- D. Identify Customer Contract Based on Source Document Line
Answer: C
NEW QUESTION # 52
65-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 would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
- A. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- B. By defining an item group and assigning that to the rule
- C. By defining an exclusion rule to exclude customer classes that are "Retail"
- D. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- E. By defining a grouping rule on the customer class
Answer: A
NEW QUESTION # 53
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 Documents Import
- B. Customer Sales Source Data Import
- C. Customer Sales Data Source Documents Import
- D. Customer Contract Source Data Import
Answer: D
NEW QUESTION # 54
What is a Standalone Selling Price (SSP)?
- A. the price you would use if you sold to a customer separately
- B. the average of your bundled price
- C. the list price
- D. the sum of the SSPs of the components
Answer: A
NEW QUESTION # 55
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
- B. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue
- C. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- D. Revenue Management can only integrate to Fusion Receivables.
Answer: A,D
NEW QUESTION # 56
Which is the following is NOT a feature of personalization
- A. Saving searches
- B. Changing text font
- C. Selecting default language
- D. Configuring table columns
Answer: B
NEW QUESTION # 57
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?
- A. when the product is shipped on 15-Sep-2017
- B. when an invoice is issued on 20-Sep-2017
- C. when the consultant is deployed to assist customer on 10-Sep-2017
- D. when the sales order Is booked on 14-Sep-2017
Answer: C
NEW QUESTION # 58
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?
- A. It tracks the difference In a Discount Allocation Account at the contract level.
- B. It tracks the difference in a Discount Allocation Account at the contract line level.
- C. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
- D. It tracks the difference in a Write-off Allocation Account at the contract level.
Answer: B
NEW QUESTION # 59
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by identifying and creating one or more performance obligations for a given accounting contract
- B. by calculating Total Transaction Price for contracts
- C. by allowing manual allocation of Total Transaction Price across performance obligations
- D. by restricting users from excluding contract lines
- E. by only creating contracts that are source system specific
- F. by grouping source document lines intro contracts for each identified customer
Answer: C,E,F
NEW QUESTION # 60
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Assign required segment labels to each segment.
- B. Define up to 30 segments and name them.
- C. Include user friendly prompts for each segment.
- D. Create multiple instances for a given Pricing Dimension Structure.
- E. Define up to 20 segments and name them.
- F. Analyze pricing policies across products and services.
Answer: A,B,F
NEW QUESTION # 61
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
- A. creates customer contracts and performance obligations
- B. allocates the SSP to various performance obligations
- C. recognizes revenue if any satisfaction events exist
- D. creates the accounting for the stages in the process
- E. allocates the SSP to various satisfaction events
Answer: D
NEW QUESTION # 62
At which level does Oracle Revenue management perform accounting?
- A. Legal entity level
- B. Performance obligation level
- C. Contract level
Answer: B
NEW QUESTION # 63
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Discount
- B. Contract Unearned Revenue
- C. Contract Liability
- D. Contract Asset
Answer: B
NEW QUESTION # 64
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Pricing estimates cannot be used In the absence of pricing data.
- B. Revenue and performance obligation liabilities are not dependent on billing.
- C. Expected consideration value is applicable to all industries.
- D. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
Answer: A,C
NEW QUESTION # 65
Which statement Is True regarding the Customer Contract Source Data Import Template?
- A. It Is a predefined HTML FBDI template.
- B. It is a predefined Excel FBDI template.
- C. It is a custom template that you are required to build.
- D. It is a predefined Java FBDI template.
Answer: B
NEW QUESTION # 66
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: C
NEW QUESTION # 67
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