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Oracle 1z0-1059-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Configure and Manage Standalone Selling Prices Describe The Revenue Management User Interface
Topic 2	Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)
Topic 3	Explain Contracts, Performance Obligations and Contract Maintenance Revenue Management Overview

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Oracle Revenue Management Cloud Service 2022 Implementation Professional Sample Questions (Q30-Q35):

NEW QUESTION # 30
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

• A. Contract Clearing
• B. Contract Liability
• C. Contract Revenue
• D. Contract Asset
• E. Contract Price Variance
• F. Contract Expense

Answer: F
NEW QUESTION # 31
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?

• A. Run the Revenue Management translation process.
• B. Select Conversion Rate Type in the Source Document Type setup.
• C. Provide currency conversion details in the Revenue Basis Data Import Template.
• D. Enter Conversion Rate Type in System Options.
• E. Enter exchange rate information in Standalone Selling Price Profile.

Answer: A,D
NEW QUESTION # 32
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

• A. Run the Deploy System Options process.
• B. Set the System Options in EBS Receivables on the Revenue Management tab.
• C. Apply appropriate patches to EBS.
• D. Set the Profile Option AR: Source System Value for Revenue Management.
• E. Map the EBS Chart of Accounts to the Cloud General Ledger.

Answer: A,E
NEW QUESTION # 33
Which two are intended uses for the Standalone Selling Price Report Dashboard?

• A. Analyze standalone selling prices for one or multiple effective periods.
• B. Review performance obligations by effective period.
• C. Diagnose revenue price profile.
• D. Drill down to data used to derive standalone selling prices.
• E. Monitor transaction price calculation and allocation.

Answer: A,C
NEW QUESTION # 34
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

• A. when it is a business requirement
• B. when the Type is Fixed or Variable
• C. when the Deferred Revenue box is checked
• D. when Context Values are populated

Answer: B
NEW QUESTION # 35
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