Updated Dec-2021 Exam 1Z0-1059-20 Dumps - Pass Your Certification Exam
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How much Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam cost
Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam cost is 150 USD.
Who should take the Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 exam
The 1z0-1059-20 Exam is ideal for those technical professionals who want to accelerate their knowledge in the revenue management of the Oracle cloud services. There is no such prerequisite for 1z0-1059-20 exam, anyone who having some skillset in cost management of the Oracle cloud services or having an interest in learning how to optimize cost for the Oracle cloud services can prepare for 1z0-1059-20 exam.
NEW QUESTION 42
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
- A. Oracle Subledger Accounting
- B. Oracle Receivables
- C. Oracle Revenue Management Cloud
- D. Oracle General Ledger
Answer: A,C
NEW QUESTION 43
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?
- A. Pricing Dimension Assignment
- B. Items
- C. Estimated Standalone Selling Prices
- D. Observed Standalone Selling Prices
- E. SSP Tolerance Usage
Answer: A,C,D
NEW QUESTION 44
You define a Contract Identification Rule that uses the following source document attributes to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
How many contracts will be created In Revenue Management?
- A. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: C
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. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- C. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- D. Delete the source data that was imported into Revenue Management and import new source data.
- E. Delete Contracts from the Manage Customer Contracts Ul.
Answer: A
NEW QUESTION 46
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Bill To Customer
- B. Business Unit
- C. Quote Number
- D. Product Description
- E. Ledger
- F. Delivery Address
Answer: C,D,F
NEW QUESTION 47
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
- A. Define an adhoc rule in the Revenue Price Profile to include the toaster.
- B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- C. Create the performance obligation for the toaster manually.
- D. Ignore the performance obligation for the toaster because it was free of cost to the customer.
Answer: B
NEW QUESTION 48
Which is the following is NOT a feature of personalization
- A. Saving searches
- B. Selecting default language
- C. Configuring table columns
- D. Changing text font
Answer: D
NEW QUESTION 49
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. Source Document Type
- C. Freeze Period
- D. Priority
Answer: D
NEW QUESTION 50
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 Write-off Allocation Account at the contract level.
- B. It tracks the difference In a Discount Allocation Account at the contract level.
- C. It tracks the difference in a Discount Allocation Account at the contract line level.
- D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
Answer: C
NEW QUESTION 51
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
- A. when a pricing dimension structure Instance Is enabled for pricing bands
- B. when a pricing dimension structure is enabled for pricing bands
- C. when a value set segment label of Set Band is used
- D. when a source document type is enabled to use pricing bands
Answer: B
NEW QUESTION 52
Which configuration component is Source Document Type
- A. Contract Identification Rules
- B. Performance Obligation Template
- C. Performance Obligation Identification Rules
- D. Revenue Management System Options
- E. Revenue Price Profile
Answer: E
NEW QUESTION 53
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 rule on the customer class
- 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 on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
Answer: E
NEW QUESTION 54
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. Unearned Revenue
- 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 55
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
- A. Contract Expense
- B. Contract Clearing
- C. Contract Price Variance
- D. Contract Revenue
- E. Contract Asset
- F. Contract Liability
Answer: A
NEW QUESTION 56 
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. C, A, B
- B. B, A, C
- C. B, C, A
- D. A, B, C
- E. C, B, A
- F. A, C, B
Answer: B
NEW QUESTION 57
Which, when transferred to a customer, allows you to recognize revenue?
- A. a performance obligation
- B. a shipment
- C. an invoice
- D. promise detail
Answer: A
NEW QUESTION 58
Which three tasks can be performed In the Revenue Management Work Area?
- A. Manage contracts in "Pending Review" status.
- B. Review Revenue Price Profiles.
- C. Manage contracts in "Pending Allocation" status.
- D. Edit Contract Identification Rules.
- E. Review Observed Standalone Selling Prices.
- F. Review Performance Satisfaction Plans.
Answer: A,C,E
NEW QUESTION 59
What is a Performance Obligation?
- A. a promise to a customer on which either party has acted
- B. a promise to a customer
- C. a combination of customer type and product code
- D. a product code or SKU
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2456627
NEW QUESTION 60
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. Wether Dynamic Combination Creation Allowed is enabled
- C. The Query Required option
- D. The shape: Same nunmber of segments and order
- E. The value sets
Answer: D,E
NEW QUESTION 61
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. Amount Band
- D. Set Band
Answer: C
NEW QUESTION 62
What is a Standalone Selling Price (SSP)?
- A. the price you would use if you sold to a customer separately
- B. the list price
- C. the sum of the SSPs of the components
- D. the average of your bundled price
Answer: A
NEW QUESTION 63
Which three statements about Effective Periods are true?
- A. Effective Periods are used for standalone selling prices and for creating journal entries.
- B. Effective Periods only define the rage where standalone selling prices of an item should be effective.
- C. You cannot have overlapping periods.
- D. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
- E. Gaps between periods are not allowed.
Answer: A,B,C
NEW QUESTION 64
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 fair value of each performance obligation
- C. the ability not to revise previously reported revenue for revision, corrections, and other changes
- D. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
Answer: B
Explanation:
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION 65
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. 60 User Extensible Fields
- B. 90 User Extensible Fields
- C. 10 User Extensible Fields
- D. 50 User Extensible Fields
Answer: C
NEW QUESTION 66
......
What is the duration, language, and format of Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam
- Format: Multiple choices
- Length of Examination: 85 minutes
- Number of Questions: 55
- Passing score: 64%
- Language: English (U.S)
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