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Oracle 1z0-1059-22 Exam Syllabus Topics:TopicDetailsTopic 1Configure and Manage Standalone Selling Prices Describe The Revenue Management User InterfaceTopic 2Standalone Selling Price and Related Configurations Analyze Accounting in Revenue ManagementTopic 3Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)

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Oracle Revenue Management Cloud Service 2022 Implementation Professional Sample Questions (Q48-Q53):

NEW QUESTION # 48
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?

A. Partial ScheduleB. Fixed ScheduleC. Variable ScheduleD. Daily Revenue Rate, Partial PeriodsE. Daily Revenue RateF. Daily Revenue Rate, All Periods

Answer: B

NEW QUESTION # 49
Why are Source Document Type Codes required when defining Source Document Types?

A. Because they provide uniqueness to the Source Document Types.B. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.C. Because they are needed for integration with Product Management.D. Because they are Revenue Management Descriptive Flexfields.

Answer: C

NEW QUESTION # 50
Which statement is NOT applicable to Performance Obligation Templates?

A. Oracle delivers three predefined Performance Obligation Templates,B. Performance Obligation Templates are specific to the business and cannot be predefined.C. Performance Obligation Templates can be associated to a Revenue Price Profile.D. Performance Obligation Templates take precedence over Performance Obligation Rules.

Answer: A

NEW QUESTION # 51
Which configuration component is Source Document Type NOT connected to?

A. Revenue Management System OptionsB. Performance Obligation Identification RulesC. Revenue Price ProfileD. Performance Obligation TemplateE. Contract Identification Rules

Answer: C

NEW QUESTION # 52
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

A. by restricting users from excluding contract linesB. by grouping source document lines intro contracts for each identified customerC. by only creating contracts that are source system specificD. by identifying and creating one or more performance obligations for a given accounting contractE. by calculating Total Transaction Price for contractsF. by allowing manual allocation of Total Transaction Price across performance obligations

Answer: B,C,F

NEW QUESTION # 53
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