Online Access Free 1z0-1059-22 Practice Test

At which level does Oracle Revenue management perform accounting?

• A.Legal entity level
• B.Performance obligation level
• C.Contract level

The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?

• A.Sub contract level details.
• B.Sales order line level data.
• C.Sales order header level data.
• D.Performance obligation satisfaction event details.

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

Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

• A.If nonexistent, these accounts need to be added to the chart of accounts.
• B.These accounts are not relevant to Revenue Management.
• C.These accounts are optional in Revenue Management.
• D.If nonexistent, these accounts are added automatically to the chart of accounts.

Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

• A.transaction price derived from the source system line import
• B.stand-alone selling price assigned to the promised detail line
• C.transaction price distributed to each performance obligation
• D.revenue recognized for each performance obligation