The Best Practice Test Preparation for the 1z0-1059-22 Certification Exam [Q14-Q28] : IT Certification Exam Braindumps : http://blog.braindumpsit.com

NEW QUESTION 14
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you
consider that recognition depends on the nature of the contingency? (Choose two)

Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

Time-based contingencies must not expire before the contingency can be removed and revenue recognized

Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration
must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.

Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

NEW QUESTION 15
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

Apply appropriate patches to EBS.

Run the Deploy System Options process.

Set the Profile Option AR: Source System Value for Revenue Management.

Map the EBS Chart of Accounts to the Cloud General Ledger.

Set the System Options in EBS Receivables on the Revenue Management tab.

NEW QUESTION 16
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?

Delete the source data that was imported into Revenue Management and import new source data.

Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.

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.

Delete Contracts from the Manage Customer Contracts Ul.

Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.

NEW QUESTION 17
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 18
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?

Customer Contract Source Documents Import

Customer Sales Source Data Import

Customer Contract Source Data Import

Customer Sales Data Source Documents Import

NEW QUESTION 19
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 20
What is the correct match sequence of the descriptions A, B and C against the titles?

B, C, A

A, C, B

C, B, A

C, A, B

A, B, C

B, A, C

NEW QUESTION 21
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

Contract Asset

Contract Price Variance

Contract Liability

Contract Revenue

Contract Expense

Contract Clearing

NEW QUESTION 22
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?

HTML

PowerPoint

Flat File

PDF

NEW QUESTION 23
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?

NEW QUESTION 24
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

These accounts are optional in Revenue Management.

If nonexistent, these accounts need to be added to the chart of accounts.

If nonexistent, these accounts are added automatically to the chart of accounts.

These accounts are not relevant to Revenue Management.

NEW QUESTION 25
Which is the following is NOT a feature of personalization

Selecting default language

Changing text font

Saving searches

Configuring table columns

NEW QUESTION 26
How many tabs does the Customer Contract Source Data Import Template have?

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

three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively

two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively

one tab that stores data for the VRM_SOURCE_DOCUMENTS table

NEW QUESTION 27
Why Is Satisfaction Method a key element of a Performance Obligation?

because it determines whether revenue for a good or service is recognized Over Time or Point in Time

because it calculates the amount of Total Transaction Price allocated to date

because it calculates the percentage of Total Transaction Price allocated to date

because it specifies whether revenue has been fully or partially recognized for a good or service

NEW QUESTION 28
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.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

Select Conversion Rate Type in the Source Document Type setup.

Run the Revenue Management translation process.

Enter Conversion Rate Type in System Options.

Provide currency conversion details in the Revenue Basis Data Import Template.

Enter exchange rate information in Standalone Selling Price Profile.