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1Z0-1059-20 Certification Exam
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1Z0-1059-20 Certification Detail Exam Code
1Z0-1059-20
Full Exam Name
Oracle Revenue Management Cloud Service 2020 Implementation Essentials
Number of Questions
55
Practice Exams
1Z0-1059-20 Online Practice Exam
Passing Score
64%
Time Limit
85 minutes
Recommended Training
Oracle Financials Cloud Learning Subscription
Syllabus Topics for Oracle 1Z0-1059-20 Exam Topic Name
Revenue Management Overview Standalone Selling Prices
Revenue Management Reporting Revenue Management Setup and Configuration
Revenue Contracts
Oracle 1Z0-1059-20 Exam Questions
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01. The predefined Revenue Contract Account Activities Report provides data extracted from which two sources? Option a) Oracle Revenue Management Cloud b) Oracle Receivables
c) Oracle General Ledger d) Oracle Subledger Accounting
ANSWER a) Oracle Revenue Management Cloud c) Oracle General Ledger
02. Which setup component Is NOT connected to a Revenue Price Profile? Option a) Contract Identification Rules b) Items
c) Source Document Types d) Pricing Dimension Segments
ANSWER a) Contract Identification Rules
03. What does the creation of an allocation allow you to determine? Option a) the fair value of each performance obligation
b) the ability not to revise previously reported revenue for revision, corrections, and other changes c) the maximum amount of revenue you can recognize soonest, postponing the minimum until later d) an allocation of the expected consideration over the performance obligations as if you had sold them separately
ANSWER a) the fair value of each performance obligation
04. Which three statements about Effective Periods are true? Option a) If effective periods are not defined, Revenue Management uses the General Ledger calendar. b) Effective Periods are used for standalone selling prices and for creating journal entries. c) Gaps between periods are not allowed.
d) You cannot have overlapping periods. e) Effective Periods only define the rage where standalone selling prices of an item should be effective.
ANSWER c) Gaps between periods are not allowed. d) You cannot have overlapping periods. e) Effective Periods only define the rage where standalone selling prices of an item should be effective.
05. Why are Source Document Type Codes required when defining Source Document Types? Option a) Because they are Revenue Management Descriptive Flexfields. b) Because they are needed for integration with Product Management. c) Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
d) Because they provide uniqueness to the Source Document Types.
ANSWER d) Because they provide uniqueness to the Source Document Types.
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