Free Oracle 1Z0-1059-24 Exam Questions

Become Oracle Certified with updated 1Z0-1059-24 exam questions and correct answers

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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 : locates the SSP to various satisfaction events

B : eates the accounting for the stages in the process

C : locates the SSP to various performance obligations

D : cognizes revenue if any satisfaction events exist

E : eates customer contracts and performance obligations

Answer: B

Question 2

Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

A : venue Management can only integrate to Fusion Receivables.

B : u can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

C : u can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

D : u can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

Answer: A,D

Question 3

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 : ML

B : werPoint

C : at File

D : F

Answer: C

Question 4

You define a Contract Identification Rule that uses the following source document attributes to match

transaction lines:

Bill-to Customer Party Identifier

Extensible Header Character Attribute 4

Based the data displayed:

How many contracts will be created In Revenue Management?

A : 3

B : 1

C : 5

D : 0

E : 4

Answer: A

Question 5

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

A : u 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 : u value the accrual at estimated consideration and it is a monetary debt.

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

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

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

Answer: A

Page: 1 / 17

Total 84 Questions | Updated On: May 04, 2024

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