Free Oracle 1z0-1059-24 Practice Exam with Questions & Answers | Set: 2

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Questions 11

How can you access an implementation task in Functional Setup Manager. (choose 3)

Options:

By navigating from the Implementation Project

By navigation to an offering's functional area

By navigating from the Welcome Springboard

By searching

Oracle 1z0-1059-24 Premium Access

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Questions 12

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 should you configure

Revenue management to ensure that these items are grouped into one performance obligation?

Options:

By defining a Revenue Item Group

By defining a Standalone Selling Price Profile.

By defining a Performance Obligation Template.

By defining a Contact Identification Rule.

Questions 13

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)

Options:

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.

Questions 14

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?

Options:

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.

Questions 15

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?

Options:

Observed Standalone Selling Prices

Estimated Standalone Selling Prices

Pricing Dimension Assignment

SSP Tolerance Usage

Items

Questions 16

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

Options:

when a pricing dimension structure is enabled for pricing bands

when a source document type is enabled to use pricing bands

when a pricing dimension structure Instance Is enabled for pricing bands

when a value set segment label of Set Band is used

Questions 17

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

Options:

Inverted Allocation Method

Residual Allocation Method

Relative Allocation Method

Two Step Allocation Method

Alternative Allocation Method

Questions 18

What is a Standalone Selling Price (SSP)?

Options:

the average of your bundled price

the sum of the SSPs of the components

the list price

the price you would use if you sold to a customer separately

Questions 19

At which level does Oracle Revenue management perform accounting?

Options:

Legal entity level

Contract level

Performance obligation level

Questions 20

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?

Options:

Wether Dynamic Combination Creation Allowed is enabled

The value sets

The Query Required option

The Displayed option

The shape: Same nunmber of segments and order