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[PDF and VCE] Free 1Z0-1059-21 VCE and PDF, Exam Materials Instant Download

[PDF and VCE] Free 1Z0-1059-21 VCE and PDF, Exam Materials Instant Download

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Question 1:

Which is a term under ASC 606 or IFRS 15?

A. transaction price

B. promise detail

C. initial performance event

D. requires complete

Correct Answer: A

Reference: anagement_Datasheet.pdf

Question 2:

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. Amount Band

B. Deal Size Band

C. Set Band

D. Quantity Band

Correct Answer: A

Question 3:

Which statement Is True regarding the 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.

Correct Answer: A

Reference: ed=2ahUKEwjQrM7ImKzdAhUHxYUKHbYLBpAQFjAAegQIBBACandurl=http://w /webfolder/technetwork/docs% 2Ffbdi- r11/fbdi/xlsm% 2FRevenueDataImportTemplate.xlsmandusg=AOvVaw2kKXNI1OQEF 9K6p7rBAEwz

Question 4:

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

A. Inverted Allocation Method

B. Residual Allocation Method

C. Relative Allocation Method

D. Two Step Allocation Method

E. Alternative Allocation Method

Correct Answer: D

Question 5:

What is a Standalone Selling Price (SSP)?

A. the average of your bundled price

B. the sum of the SSPs of the components

C. the list price

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

Correct Answer: D

Question 6:

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?

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 booked on 14-Sep-2017

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

Correct Answer: A

Question 7:

What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

A. Create a reporting ledger.

B. Create a new primary ledger.

C. Create a secondary ledger.

D. Using their existing primary ledger.

Correct Answer: D

Question 8:

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. whether Dynamic Combination Creation Allowed is enabled

B. the shape: Same number of segments and order

C. the Displayed option

D. the value sets

E. the Query Required option

Correct Answer: AB

Question 9:

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

A. Edit Contract Identification Rules.

B. Review Observed Standalone Selling Prices.

C. Manage contracts in “Pending Review” status.

D. Manage contracts in “Pending Allocation” status.

E. Review Performance Satisfaction Plans.

F. Review Revenue Price Profiles.

Correct Answer: BCD

Question 10:

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. Create multiple instances for a given Pricing Dimension Structure.

E. Include user friendly prompts for each segment.

F. Assign required segment labels to each segment.

Correct Answer: ACF

Reference: 10696

Question 11:

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 Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

C. Create the performance obligation for the toaster manually.

D. Define an adhoc rule in the Revenue Price Profile to include the toaster.

Correct Answer: B

Question 12:

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. C, A, B

E. A, B, C

F. B, A, C

Correct Answer: F

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?

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

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

C. The contract is missing satisfaction events.

D. The contract is missing Billing data.

Correct Answer: A

Explanation: 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.

Reference: C2288367

Question 14:

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. Freeze Period

B. Default Classification

C. Source Document Type

D. Priority

Correct Answer: D

Question 15:

Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

A. Performance Obligation Satisfied

B. Performance Obligation Billed

C. Initial Performance

D. Revenue Recognized

E. Standalone Selling Prices Allocated

Correct Answer: ACD