Online Access Free 1Z1-1059 Practice Test

Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

• A.Customers
• B.Receivables configurations
• C.Suppliers
• D.Banks, branches and bank accounts
• E.Business Units
• F.Inventory items

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 contract is missing satisfaction events.
• B.The total Transaction Price is over the user-defined threshold amount.
• C.The contract is missing Billing data.
• D.The contract is missing standalone selling prices at the promised detail level or at obligation level.

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 reporting ledger.
• B.Create a secondary ledger.
• C.Create a new primary ledger.
• D.Using their existing primary ledger.

Which three statements about Effective Periods are true?

• A.Effective Periods are used for standalone selling prices and for creating journal entries.
• B.Gaps between periods are not allowed.
• C.If effective periods are not defined. Revenue Management uses the General Ledger calendar.
• D.You cannot have overlapping periods.
• E.Effective Periods only define the rage where standalone selling prices of an item should be effective.

When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

• A.when the Type is Fixed or Variable
• B.when the Deferred Revenue box is checked
• C.when it is a business requirement
• D.when Context Values are populated