1Z0-1059-24 EXAM ANSWERS | LATEST 1Z0-1059-24 TEST PRACTICE

1Z0-1059-24 Exam Answers | Latest 1Z0-1059-24 Test Practice

1Z0-1059-24 Exam Answers | Latest 1Z0-1059-24 Test Practice

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q51-Q56):

NEW QUESTION # 51
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

  • A. Oracle Subledger Accounting
  • B. Oracle Revenue Management Cloud
  • C. Oracle Receivables
  • D. Oracle General Ledger

Answer: A,B


NEW QUESTION # 52
What is the correct match sequence of the descriptions A, B and C against the titles?

  • A. A, C, B
  • B. B, C, A
  • C. C, B, A
  • D. B, A, C
  • E. C, A, B
  • F. A, B, C

Answer: D


NEW QUESTION # 53
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. Revenue Recognized
  • B. Performance Obligation Billed
  • C. Initial Performance
  • D. Standalone Selling Prices Allocated
  • E. Performance Obligation Satisfied

Answer: A,C,E


NEW QUESTION # 54
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

  • A. You value the accrual at estimated consideration and it is a monetary debt.
  • B. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
  • C. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
  • D. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
  • E. 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.

Answer: E


NEW QUESTION # 55
65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

  • A. By defining an exclusion rule to exclude customer classes that are "Retail"
  • B. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
  • C. By defining an item group and assigning that to the rule
  • D. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
  • E. By defining a grouping rule on the customer class

Answer: D


NEW QUESTION # 56
......

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