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  1. Home
  2. Oracle Certification
  3. 1Z0-1059-21 Exam
  4. Oracle.1Z0-1059-21.v2022-08-10.q27 Dumps
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Question 16

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

Correct Answer: B,D,E
insert code

Question 17

A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?

Correct Answer: D
insert code

Question 18

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

Correct Answer: B
insert code

Question 19

Given your organization's Interactions with one of Its customers:
A consultant is deployed to assist customer on 10-Sep-2017.
A Sales order is booked on 14-Sep-2017.
The Product is shipped on 15-Sep-2017.
An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

Correct Answer: C
insert code

Question 20

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?

Correct Answer: C
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
insert code
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