Free Oracle 1Z0-1059 Exam Dumps Questions & Answers

Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

• A.  Customers
• B.  Banks, branches and bank accounts
• C.  Inventory items
• D.  Suppliers
• E.  Business Units
• F.  Receivables configurations

What does the creation of an allocation allow you to determine?

• A.  an allocation of the expected consideration over the performance obligations as if you had sold them separately
• B.  the maximum amount of revenue you can recognize soonest, postponing the minimum until later
• C.  the fair value of each performance obligation
• D.  the ability not to revise previously reported revenue for revision, corrections, and other changes

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 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.
• 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 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.
• D.  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.

Which three statements about Effective Periods are true?

• A.  Gaps between periods are not allowed.
• B.  If effective periods are not defined. Revenue Management uses the General Ledger calendar.
• C.  Effective Periods only define the rage where standalone selling prices of an item should be effective.
• D.  You cannot have overlapping periods.
• E.  Effective Periods are used for standalone selling prices and for creating journal entries.

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.  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 must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
• C.  Time-based contingencies must not expire before the contingency can be removed and revenue recognized
• D.  Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• 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