Free Practice Oracle 1Z0-1059-24 Exam Questions 2025

Stay ahead with 100% Free Oracle Revenue Management Cloud Service 2024 Implementation Professional 1Z0-1059-24 Dumps Practice Questions

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Total 84 Questions | Updated On: May 04, 2024

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Question 1

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

A : allocates the SSP to various satisfaction events

B : creates the accounting for the stages in the process

C : allocates the SSP to various performance obligations

D : recognizes revenue if any satisfaction events exist

E : creates customer contracts and performance obligations

Answer: B

Question 2

A corporation uses a primary ledger with a currency of USD. The organization's data includes source

document lines with amounts expressed in the Euro currency. However, Revenue Management calculates

transaction totals, allocations, and creates accounting in the ledger currency.

What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

A : Create source document types specifically for Euro documents.

B : Populate exchange rates in Revenue Price Profile.

C : Populate Conversion Rate Type in System Options.

D : Create revenue prices in the Euro currency.

Answer: C

Question 3

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

A : because it determines whether revenue for a good or service is recognized Over Time or Point in Time

B : because it calculates the amount of Total Transaction Price allocated to date

C : because it calculates the percentage of Total Transaction Price allocated to date

D : because it specifies whether revenue has been fully or partially recognized for a good or service

Answer: A

Question 4

The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and

Pending Revenue Recognition.

What would cause a contract to be In the Pending Review tab?

A : The total Transaction Price is over the user-defined threshold amount.

B : The contract is missing standalone selling prices at the promised detail level or at obligation level.

C : The contract is missing satisfaction events.

D : The contract is missing Billing data.

Answer: A

Question 5

The predefined Revenue Contract Account Activities report originally had only one output option of

spreadsheet.

Which output option can you now also choose to assist In handling a large number of records?

A : HTML

B : PowerPoint

C : Flat File

D : PDF

Answer: C

Page: 1 / 17

Total 84 Questions | Updated On: May 04, 2024

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