Free Oracle 1Z0-1059-24 Exam Dumps Questions & Answers

Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

• A.  If nonexistent, these accounts are added automatically to the chart of accounts.
• B.  These accounts are optional in Revenue Management.
• C.  These accounts are not relevant to Revenue Management.
• D.  If nonexistent, these accounts need to be added to the chart of accounts.

The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......

What is the difference between Selling Amount and Allocated Amount?

• A.  The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
• B.  The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
• C.  The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
• D.  The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.

Which three tasks can be performed In the Revenue Management Work Area?

• A.  Review Performance Satisfaction Plans.
• B.  Review Revenue Price Profiles.
• C.  Edit Contract Identification Rules.
• D.  Manage contracts in "Pending Allocation" status.
• E.  Review Observed Standalone Selling Prices.
• F.  Manage contracts in "Pending Review" status.

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

• A.  because it calculates the percentage of Total Transaction Price allocated to date
• B.  because it calculates the amount of Total Transaction Price allocated to date
• C.  because it specifies whether revenue has been fully or partially recognized for a good or service
• D.  because it determines whether revenue for a good or service is recognized Over Time or Point in Time

Which setup component Is NOT connected to a Revenue Price Profile?

• A.  Items
• B.  Contract Identification Rules
• C.  Source Document Types
• D.  Pricing Dimension Segments