Free Oracle 1Z1-1059 Exam Dumps Questions & Answers

You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule
C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?

• A.  Priority
• B.  Freeze Period
• C.  Default Classification
• D.  Source Document Type

What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

• A.  Create a new primary ledger.
• B.  Using their existing primary ledger.
• C.  Create a reporting ledger.
• D.  Create a secondary ledger.

Which two are intended uses for the Standalone Selling Price Report Dashboard?

• A.  Analyze standalone selling prices for one or multiple effective periods.
• B.  Diagnose revenue price profile.
• C.  Drill down to data used to derive standalone selling prices.
• D.  Monitor transaction price calculation and allocation.
• E.  Review performance obligations by effective period.

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

• A.  Inverted Allocation Method
• B.  Two Step Allocation Method
• C.  Relative Allocation Method
• D.  Alternative Allocation Method
• E.  Residual Allocation Method

In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?

• A.  Run Create Accounting.
• B.  Categorize standalone sales by performance obligation.
• C.  Approve the OSSP by establishing it.
• D.  Close the previous period.
• E.  Run the Calculate Observed Standalone Selling Prices program.
• F.  Review the calculated OSSP.