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Free Revenue Management Cloud 1Z0-1059-20 Official Cert Guide PDF Download
Topics of Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam
Candidates must know the exam topics before they start of preparation. Our 1z0-1059-20 Dumps will include the following topics:
1. Revenue Management Overview
- Explain Revenue Management Integration Requirements
- Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)
2. Standalone Selling Prices
- Setup Revenue Management and configure standalone pricing
3. Revenue Management Reporting
- Explain delivered reports uses and processes
- Explain how to create OTBI reporting objects
4. Revenue Management Setup and Configuration
- Configure Revenue Management Cloud Services
- NOTE: Placeholder for future Objective for another skill under Setup and Config
5. Revenue Contracts
- Manage contracts and Revenue
NEW QUESTION 28
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?
- A. Quantity Band
- B. Deal Size Band
- C. Set Band
- D. Amount Band
Answer: D
NEW QUESTION 29
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?
- A. Create a reporting ledger.
- B. Create a secondary ledger.
- C. Using their existing primary ledger.
- D. Create a new primary ledger.
Answer: C
NEW QUESTION 30
In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?
- A. Run the Calculate Observed Standalone Selling Prices program.
- B. Close the previous period.
- C. Run Create Accounting.
- D. Review the calculated OSSP.
- E. Approve the OSSP by establishing it.
- F. Categorize standalone sales by performance obligation.
Answer: A,F
NEW QUESTION 31
Which is Not a required piece of information when importing contract header information from a source file?
- A. Currency code of source document
- B. Source Document Type code
- C. Source System
- D. Source Document Unique Identifier Number 1
- E. Record Type
- F. Date of source Document
Answer: D
NEW QUESTION 32
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?
- A. Flat File
- B. PDF
- C. HTML
- D. PowerPoint
Answer: A
NEW QUESTION 33
What does the creation of an allocation allow you to determine?
- A. the fair value of each performance obligation
- B. the ability not to revise previously reported revenue for revision, corrections, and other changes
- C. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- D. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
Answer: A
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION 34
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
- A. allocates the SSP to various satisfaction events
- B. recognizes revenue if any satisfaction events exist
- C. allocates the SSP to various performance obligations
- D. creates customer contracts and performance obligations
- E. creates the accounting for the stages in the process
Answer: E
NEW QUESTION 35 
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 new revenue recognition standards.
- B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- C. Revenue Management can only integrate to Fusion Receivables.
- D. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
Answer: A,C
NEW QUESTION 36
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Analyze pricing policies across products and services.
- B. Define up to 30 segments and name them.
- C. Assign required segment labels to each segment.
- D. Define up to 20 segments and name them.
- E. Create multiple instances for a given Pricing Dimension Structure.
- F. Include user friendly prompts for each segment.
Answer: A,B,C
NEW QUESTION 37
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?
- A. Business Intelligence Publisher
- B. Reporting Studio
- C. Smart View
- D. Oracle Transactional Business Intelligence
Answer: A
NEW QUESTION 38
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Price Variance
- B. Contract Clearing
- C. Contract Revenue
- D. Contract Asset
- E. Contract Liability
- F. Contract Expense
Answer: F
NEW QUESTION 39
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Discount
- B. Contract Unearned Revenue
- C. Contract Asset
- D. Contract Liability
Answer: B
NEW QUESTION 40
Which setup component Is NOT connected to a Revenue Price Profile?
- A. Contract Identification Rules
- B. Pricing Dimension Segments
- C. Source Document Types
- D. Items
Answer: C
NEW QUESTION 41
Oracle Revenue Management is part of_____________________predefined offering.
- A. Incentive Compensation
- B. Fusion Accounting Hub
- C. Financials
- D. Enterprise Contracts
Answer: C
NEW QUESTION 42
How many tabs does the Customer Contract Source Data Import Template have?
- A. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
- B. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- C. four tabs that store data for the
VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES,
VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively - D. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
Answer: D
Explanation:
Explanation
You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details
NEW QUESTION 43
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a value set segment label of Set Band is used
- B. when a source document type is enabled to use pricing bands
- C. when a pricing dimension structure Instance Is enabled for pricing bands
- D. when a pricing dimension structure is enabled for pricing bands
Answer: D
NEW QUESTION 44
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
- B. You value the accrual at estimated consideration and it is a monetary debt.
- C. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- D. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- E. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
Answer: A
NEW QUESTION 45
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?
- A. the Displayed option
- B. whether Dynamic Combination Creation Allowed is enabled
- C. the Query Required option
- D. the value sets
- E. the shape: Same number of segments and order
Answer: B,E
NEW QUESTION 46 
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. C, B, A
- B. B, A, C
- C. B, C, A
- D. A, B, C
- E. A, C, B
- F. C, A, B
Answer: B
NEW QUESTION 47
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. Populate Conversion Rate Type in System Options.
- C. Create revenue prices in the Euro currency.
- D. Populate exchange rates in Revenue Price Profile.
Answer: B
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM
NEW QUESTION 48
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Review performance obligations by effective period.
- B. Drill down to data used to derive standalone selling prices.
- C. Analyze standalone selling prices for one or multiple effective periods.
- D. Monitor transaction price calculation and allocation.
- E. Diagnose revenue price profile.
Answer: C,E
NEW QUESTION 49
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?
- A. The Displayed option
- B. The value sets
- C. The shape: Same nunmber of segments and order
- D. Wether Dynamic Combination Creation Allowed is enabled
- E. The Query Required option
Answer: B,C
NEW QUESTION 50
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 Data Source Documents Import
- B. Customer Contract Source Data Import
- C. Customer Sales Source Data Import
- D. Customer Contract Source Documents Import
Answer: B
NEW QUESTION 51
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How to Prepare For Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam
Preparation Guide for Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam
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