Free Oracle 1Z0-1059-26 Exam Dumps Questions & Answers

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)

• A.  Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
• B.  Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• C.  Time-based contingencies must not expire before the contingency can be removed and revenue recognized
• D.  Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration
• E.  Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

What is a Standalone Selling Price (SSP)?

• A.  the sum of the SSPs of the components
• B.  the list price
• C.  the price you would use if you sold to a customer separately
• D.  the average of your bundled price

Which is NOT a Price Band Type?

• A.  Percentage Band
• B.  Amount Band
• C.  Set Band
• D.  Quantity Band

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

• A.  Pricing estimates cannot be used In the absence of pricing data.
• B.  Revenue and performance obligation liabilities are not dependent on billing.
• C.  Revenue can be recognized for performance obligations only using the "Point in Time" approach.
• D.  Expected consideration value is applicable to all industries.

A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?

• A.  a pricing dimension structure instance
• B.  the source document types
• C.  pricing bands
• D.  a pricing dimension structure