Oracle 1z0-1059-20 Exam Dumps

Oracle Revenue Management Cloud Service 2020 Implementation Essentials

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Exam Code	1z0-1059-20
Exam Name	Oracle Revenue Management Cloud Service 2020 Implementation Essentials
Questions	74 Questions Answers With Explanation
Update Date	March 05,2024
Price	Was : $81 Today : $45 Was : $99 Today : $55 Was : $117 Today : $65

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Oracle 1z0-1059-20 Sample Questions

Question # 1

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

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

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Question # 2

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.Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.

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Question # 3

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.

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Question # 4

Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

A. Apply appropriate patches to EBS.
B. Run the Deploy System Options process.
C. Set the Profile Option AR: Source System Value for Revenue Management
D. Map the EBS Chart of Accounts to the Cloud General Ledger.
E. Set the System Options in EBS Receivables on the Revenue Management tab.

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Question # 5

One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.What is the name of this spreadsheet template?

A. Customer Contract Source Documents Import
B. Customer Sales Source Data Import
C. Customer Contract Source Data Import
D. Customer Sales Data Source Documents Import

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