Free Practice Oracle 1D0-1059-24-D Exam Questions 2025

Stay ahead with 100% Free Oracle Revenue Management Cloud Service 2024 Implementation Professional - Delta 1D0-1059-24-D Dumps Practice Questions

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Total 84 Questions | Updated On: Apr 23, 2025

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Question 1

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

A : These accounts are optional in Revenue Management.

B : If nonexistent, these accounts need to be added to the chart of accounts.

C : If nonexistent, these accounts are added automatically to the chart of accounts.

D : These accounts are not relevant to Revenue Management.

Answer: C

Question 2

What does a Variable Consideration require?

A : an estimate of the consideration be made at inception only

B : that the consideration be monetary

C : an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized

D : a disclosure be made to the shareholders

Answer: A

Question 3

A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to

consumers. The entity has identified that this bundle is a distinct performance obligation. How should you

configure

Revenue management to ensure that these items are grouped into one performance obligation?

A : By defining a Revenue Item Group

B : By defining a Standalone Selling Price Profile.

C : By defining a Performance Obligation Template.

D : By defining a Contact Identification Rule.

Answer: A

Question 4

Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

A : by setting SM to "Allow Partial" and SMM to "Quantity"

B : by setting SM to "Requires Complete" and SMM to "Period"

C : by setting SM to "Requires Complete" and SMM to "Quantity"

D : by setting SM to "Requires Complete" and SMM to "Percent"

E : by setting SM to "Allow Partial" and SMM to "Period"

Answer: B

Question 5

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A : You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue

B : You value the accrual at estimated consideration and it is a monetary debt.

C : You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

D : You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

E : Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

Answer: A

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Total 84 Questions | Updated On: Apr 23, 2025

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