Practice 1Z0-1059-23 Exam Online

Question 1

Which two are intended uses for the Standalone Selling Price Report Dashboard?

A : Review performance obligations by effective period.

B : Diagnose revenue price profile.

C : Drill down to data used to derive standalone selling prices.

D : Monitor transaction price calculation and allocation.

E : Analyze standalone selling prices for one or multiple effective periods.

Answer: A,B

Question 2

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.

Answer: A

Question 3

Why Is Satisfaction Method a key element of a Performance Obligation?

A : because it determines whether revenue for a good or service is recognized Over Time or Point in Time

B : because it calculates the amount of Total Transaction Price allocated to date

C : because it calculates the percentage of Total Transaction Price allocated to date

D : because it specifies whether revenue has been fully or partially recognized for a good or service

Answer: A

Question 4

Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue

Management, which two reporting objects can users build In the BI catalog?

A : Infolets

B : Dashboards

C : Infotile

D : Analysis

Answer: B,D

Question 5

You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs. Which attribute needs to be updated to achieve this objective?

A : Freeze Period

B : Default Classification

C : Source Document Type

D : Priority

Answer: D

Name:	Oracle Revenue Management Cloud Service 2023 Implementation Professional
Exam Code:	1Z0-1059-23
Certification:	Oracle Cloud
Vendor:	Oracle
Total Questions:	84
Last Updated:	Apr 22, 2024

Oracle 1Z0-1059-23