Get The Important Preparation Guide With 1Z0-1059-26 Dumps [Q10-Q32]

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Get The Important Preparation Guide With 1Z0-1059-26 Dumps

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Oracle 1Z0-1059-26 Exam Syllabus Topics:

Section	Objectives
Revenue Contracts and Performance Obligations	– Identification of performance obligations – Revenue allocation rules – Contract creation and management
Oracle Revenue Management Cloud Service Overview	– Core concepts of Revenue Management Cloud Service – Business use cases and industry applications
Revenue Recognition and Accounting Rules	– Standalone selling price allocation – Adjustments and reallocation scenarios – Revenue recognition models
Integration and Data Flow	– Source data ingestion and transformation – Integration with Oracle ERP Cloud
Reporting and Troubleshooting	– Error handling and reconciliation – Standard reporting capabilities
System Configuration and Setup	– Initial setup and configuration options – Enterprise structures and accounting setup

QUESTION 10
Which three tasks can be performed In the Revenue Management Work Area?

Edit Contract Identification Rules.

Review Observed Standalone Selling Prices.

Manage contracts in “Pending Review” status.

Manage contracts in “Pending Allocation” status.

Review Performance Satisfaction Plans.

Review Revenue Price Profiles.

QUESTION 11
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.

QUESTION 12
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?

Identify Customer Contract Based on Party

Identify Customer Contract Based on Source Document Line

Identify Customer Contract Based on Source Document

Identify Customer Contract Based on Source System

QUESTION 13
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?

The total Transaction Price is over the user-defined threshold amount.

The contract is missing standalone selling prices at the promised detail level or at obligation level.

The contract is missing satisfaction events.

The contract is missing Billing data.

Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.

QUESTION 14
Why are Source Document Type Codes required when defining Source Document Types?

Because they are Revenue Management Descriptive Flexfields.

Because they are needed for integration with Product Management.

Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

Because they provide uniqueness to the Source Document Types.

QUESTION 15
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

QUESTION 16
Which two are intended uses for the Standalone Selling Price Report Dashboard?

Review performance obligations by effective period.

Diagnose revenue price profile.

Drill down to data used to derive standalone selling prices.

Monitor transaction price calculation and allocation.

Analyze standalone selling prices for one or multiple effective periods.

QUESTION 17
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

Oracle Revenue Management Cloud

Oracle Receivables

Oracle General Ledger

Oracle Subledger Accounting

QUESTION 18
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

QUESTION 19
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

QUESTION 20
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.

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

QUESTION 22
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

QUESTION 23
The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the “Customer Contract Source Document Sub Lines” tab (VRM_SOURCE_DOC_SUB_LINES table)?

Performance obligation satisfaction event details.

Sales order header level data.

Sub contract level details.

Sales order line level data.

QUESTION 24
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

Revenue and performance obligation liabilities are not dependent on billing.

Revenue can be recognized for performance obligations only using the “Point in Time” approach.

Pricing estimates cannot be used In the absence of pricing data.

Expected consideration value is applicable to all industries.

QUESTION 25
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?

Reason

Pricing Dimension

Item Identifier

Performance Obligation Template

Tolerance ranges

SSP Type

QUESTION 26
In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?

Close the previous period.

Review the calculated OSSP.

Categorize standalone sales by performance obligation.

Approve the OSSP by establishing it.

Run the Calculate Observed Standalone Selling Prices program.

Run Create Accounting.

QUESTION 27
Which configuration component is Source Document Type NOT connected to?

Revenue Management System Options

Performance Obligation Template

Contract Identification Rules

Revenue Price Profile

Performance Obligation Identification Rules

QUESTION 28
Which is a term under ASC 606 or IFRS 15?

transaction price

promise detail

initial performance event

requires complete

QUESTION 29
Which is the following is NOT a feature of personalization

Selecting default language

Changing text font

Saving searches

Configuring table columns

QUESTION 30
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.

QUESTION 31
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

It tracks the difference in a Discount Allocation Account at the contract line level.

It tracks the difference in a Write-off Allocation Account at the contract level.

It tracks the difference In a Discount Allocation Account at the contract level.

It Tracks the difference in a Write-Off Allocation Account at the contract line level.

QUESTION 32
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

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