Pass Oracle 1Z0-1059-24 Exam with Guarantee Updated 85 Questions [Q31-Q53]

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March 12, 2025

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Pass Oracle 1Z0-1059-24 Exam with Guarantee Updated 85 Questions

Latest 1Z0-1059-24 Pass Guaranteed Exam Dumps Certification Sample Questions

Q31. 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

Q32. The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….

What is the difference between Selling Amount and Allocated Amount?

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.

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.

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.

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.

Q33. 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.

Q34. Which setup Is required to enable integration between Order Management and Revenue Management?

Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.

Add Order Management in the Manage Trading Community Source Systems page.

Create custom program to extract sales order and fulfillment data from Order Management.

Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.

Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.

Define a source document type for the Order Management application and set satisfaction measurement model to quantity.

Q35. 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?

By defining a grouping rule on the customer class

By defining an exclusion rule to exclude customer classes that are “Retail”

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

By defining an item group and assigning that to the rule

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

Q36. What is a contract modification?

a change to the contract caused by negotiation with the customer

a revision or correction to the estimate of variable consideration made at inception

a change (modification) to the contract data

an increase or decrease in expected collectability

Q37. 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?

whether Dynamic Combination Creation Allowed is enabled

the shape: Same number of segments and order

the Displayed option

the value sets

the Query Required option

Q38. Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

by identifying and creating one or more performance obligations for a given accounting contract

by calculating Total Transaction Price for contracts

by only creating contracts that are source system specific

by allowing manual allocation of Total Transaction Price across performance obligations

by restricting users from excluding contract lines

by grouping source document lines intro contracts for each identified customer

Q39. 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

Q40. 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.

Q41. 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.

Q42. What is a Standalone Selling Price (SSP)?

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

Q43. Which setup component Is NOT connected to a Revenue Price Profile?

Contract Identification Rules

Items

Source Document Types

Pricing Dimension Segments

Q44. Which is the following is NOT a feature of personalization

Saving searches

Changing text font

Selecting default language

Configuring table columns

Q45. Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

Fixed Schedule

Variable Schedule

Daily Revenue Rate, All Periods

Daily Revenue Rate, Partial Periods

Partial Schedule

Daily Revenue Rate

Q46. Given your organization’s Interactions with one of Its customers:
A consultant is deployed to assist customer on 10-Sep-2017.
A Sales order is booked on 14-Sep-2017.
The Product is shipped on 15-Sep-2017.
An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

when the consultant is deployed to assist customer on 10-Sep-2017

when the product is shipped on 15-Sep-2017

when the sales order Is booked on 14-Sep-2017

when an invoice is issued on 20-Sep-2017

Q47. Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue Management, which two reporting objects can users build In the BI catalog?

Infolets

Dashboards

Infotile

Analysis

Q48. You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

How many performance obligations will be created In Revenue Management?

Q49. Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

by setting SM to “Allow Partial” and SMM to “Quantity”

by setting SM to “Requires Complete” and SMM to “Period”

by setting SM to “Requires Complete” and SMM to “Quantity”

by setting SM to “Requires Complete” and SMM to “Percent”

by setting SM to “Allow Partial” and SMM to “Period”

Q50. Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

Revenue Management can only integrate to Fusion Receivables.

You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

You can choose which Transaction Sources in Fusion Receivables integrate to Revenue

You can define date filters in order to consider only relevant data needed to comply with the

Q51. Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

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.

You value the accrual at estimated consideration and it is a monetary debt.

You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

Q52. A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?

Table

Subset

Independent

Format Only

Dependent

Q53. 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?

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.

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