1Z0-1059-22 Online Practice Questions and Answers

Which statement Is True regardingthe Customer Contract Source Data Import Template?

A. It is a predefined Excel FBDI template.

B. It is a predefined Java FBDI template.

C. It Is a predefined HTML FBDI template.

D. It is a custom template that you are required to build.

Which three tasks are associated with defining a Pricing Dimension Structure?

A. Define up to 30 segments and name them.

B. Define up to 20 segments and name them.

C. Analyze pricing policies across products and services.

D. Createmultiple instances for a given Pricing Dimension Structure.

E. Include user friendly prompts for each segment.

F. Assign required segment labels to each segment.

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

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

C. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify CustomerContracts program again.

D. Delete Contracts from the Manage Customer Contracts Ul.

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

What is a contract modification?

A. a change to the contract caused by negotiation with the customer

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

C. a change (modification) to the contract data

D. an increase or decrease inexpected collectability

Which two are choices for the Satisfaction Method when defining a Performance ObligationIdentification Rule?

A. require complete

B. allow partial

C. allow complete

D. require partial

Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount.What is allocated amount?

A. stand-alone selling price assigned to the promised detail line

B. transaction price distributed to each performance obligation

C. transaction price derived from the source system line import

D. revenue recognized for each performance obligation

Given your organization's Interactions with one of Its customers:

1.

A consultant is deployed to assist customer on 10-Sep-2017.

2.

A Sales order is booked on 14-Sep-2017.

3.

The Productis shipped on 15-Sep-2017.

4.

An Invoice is issued on 20-Sep-2017. When do you accrue the contract liability?

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

B. when the product is shipped on 15-Sep-2017

C. when the sales order Is bookedon 14-Sep-2017

D. when an invoice is issued on 20-Sep-2017

A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page. Which reporting tool must be used to address this business requirement?

A. Smart View

B. Business Intelligence Publisher

C. Oracle Transactional Business Intelligence

D. Reporting Studio

After defining a pricing dimension structure for a customer, you must define a pricing dimensionstructure instance. Which two attributes on the structure instance are inherited from the structure definition?

A. whether Dynamic Combination Creation Allowed is enabled

B. the shape: Same number of segments and order

C. the Displayed option

D. the valuesets

E. the Query Required option

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?

A. By defining a Revenue Item Group

B. By defining a Standalone Selling Price Profile.

C. By defining a Performance Obligation Template.

D. By defining a Contact Identification Rule.