Free 1Z0-1059-24 Exam Questions - Easiest Way for Success

Prepare for the Oracle 1Z0-1059-24 exam questions with our authentic preparation materials, including free 1Z0-1059-24 practice exam questions and answers. TheExamsLab provides all the support you need to succeed in the Oracle Revenue Management Cloud Service 2024 Implementation Professional 1Z0-1059-24 exam. This dedication to student success is why we have the most satisfied 1Z0-1059-24 certification exam candidates worldwide.

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Total 84 Questions | Updated On: Sep 12, 2024

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Question 1

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.

What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

A : Create source document types specifically for Euro documents.

B : Populate exchange rates in Revenue Price Profile.

C : Populate Conversion Rate Type in System Options.

D : Create revenue prices in the Euro currency.

Answer: C

Question 2

Why Is Satisfaction Method a key element of a Performance Obligation?

A : because it determines whether revenue for a good or service is recognized Over Time or Point in Time

B : because it calculates the amount of Total Transaction Price allocated to date

C : because it calculates the percentage of Total Transaction Price allocated to date

D : because it specifies whether revenue has been fully or partially recognized for a good or service

Answer: A

Question 3

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A : You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue

B : You value the accrual at estimated consideration and it is a monetary debt.

C : You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

D : You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

E : Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

Answer: A

Question 4

Which two are intended uses for the Standalone Selling Price Report Dashboard?

A : Review performance obligations by effective period.

B : Diagnose revenue price profile.

C : Drill down to data used to derive standalone selling prices.

D : Monitor transaction price calculation and allocation.

E : Analyze standalone selling prices for one or multiple effective periods.

Answer: A,B

Question 5

The predefined Revenue Contract Account Activities report originally had only one output option of

spreadsheet.

Which output option can you now also choose to assist In handling a large number of records?

A : HTML

B : PowerPoint

C : Flat File

D : PDF

Answer: C

Page: 1 / 17

Total 84 Questions | Updated On: Sep 12, 2024

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