(2025) PASS 1Z0-1059-24 Exam Free Practice Test with 100% Accurate Answers
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NEW QUESTION # 43
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. Ignore the performance obligation for the toaster because it was free of cost to the customer.
- B. Define an adhoc rule in the Revenue Price Profile to include the toaster.
- C. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- D. Create the performance obligation for the toaster manually.
Answer: C
NEW QUESTION # 44
What is a Performance Obligation?
- A. a promise to a customer
- B. a combination of customer type and product code
- C. a product code or SKU
- D. a promise to a customer on which either party has acted
Answer: A
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2456627
NEW QUESTION # 45
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?
- A. Preserve contract
- B. Reject line
- C. Reject contract
- D. Reverse line
- E. Void contract
Answer: B,C
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm
NEW QUESTION # 46
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
- A. allow partial
- B. allow complete
- C. require partial
- D. require complete
Answer: A,D
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853
NEW QUESTION # 47
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 Source Data Import
- B. Customer Contract Source Documents Import
- C. Customer Sales Data Source Documents Import
- D. Customer Contract Source Data Import
Answer: D
NEW QUESTION # 48
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. Deal Size Band
- B. Quantity Band
- C. Set Band
- D. Amount Band
Answer: D
NEW QUESTION # 49
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- B. 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.
- C. You value the accrual at estimated consideration and it is a monetary debt.
- D. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- E. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
Answer: B
NEW QUESTION # 50
How many tabs does the Customer Contract Source Data Import Template have?
- A. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- B. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- C. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
- D. four tabs that store data for the
Answer: B
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 # 51
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. Priority
- C. Freeze Period
- D. Source Document Type
Answer: B
NEW QUESTION # 52
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By searching
- B. By navigation to an offering's functional area
- C. By navigating from the Implementation Project
- D. By navigating from the Welcome Springboard
Answer: A,B,C
NEW QUESTION # 53
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. Wether Dynamic Combination Creation Allowed is enabled
- B. The Displayed option
- C. The value sets
- D. The Query Required option
- E. The shape: Same nunmber of segments and order
Answer: C,E
NEW QUESTION # 54
Which is NOT a required piece of information when importing contract header Information from a source file?
- A. Record Type
- B. Source System
- C. Date of Source Document
- D. Source Document Unique Identifier Number 1
- E. Source Document Type code
- F. Currency code of source document
Answer: D
NEW QUESTION # 55
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. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- 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 Contracts from the Manage Customer Contracts Ul.
- E. 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.
Answer: E
NEW QUESTION # 56
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
- A. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue
- B. Revenue Management can only integrate to Fusion Receivables.
- C. You can define date filters in order to consider only relevant data needed to comply with the
- D. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
Answer: B,C
NEW QUESTION # 57
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 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.
- C. 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.
- D. 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.
Answer: C
NEW QUESTION # 58
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 # 59
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 exchange rates in Revenue Price Profile.
- C. Populate Conversion Rate Type in System Options.
- D. Create revenue prices in the Euro currency.
Answer: C
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION # 60
At which level does Oracle Revenue management perform accounting?
- A. Contract level
- B. Legal entity level
- C. Performance obligation level
Answer: C
NEW QUESTION # 61
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. B, C, A
- B. A, C, B
- C. C, B, A
- D. B, A, C
- E. C, A, B
- F. A, B, C
Answer: D
NEW QUESTION # 62
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Fusion Accounting Hub
- C. Financials
- D. Incentive Compensation
Answer: C
NEW QUESTION # 63
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