Free Access Oracle.1Z0-1059-20.v2022-02-16.q27 Practice Test (Page 4)

Question 11

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.PDF

B.Flat File

C.PowerPoint

D.HTML

Question 12

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.

Question 13

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.

Question 14

What is a Standalone Selling Price (SSP)?

A.the list price

B.the average of your bundled price

C.the sum of the SSPs of the components

D.the price you would use if you sold to a customer separately

Question 15

In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

A.It tracks the difference In a Discount Allocation Account at the contract level.

B.It Tracks the difference in a Write-Off Allocation Account at the contract line level.

C.It tracks the difference in a Write-off Allocation Account at the contract level.

D.It tracks the difference in a Discount Allocation Account at the contract line level.

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Question 11

Question 12

Question 13

Question 14

Question 15

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