Latest 1Z0-1059-24 Exam Real Tests Free Updated Today
1Z0-1059-24 Real Exam Question Answers Updated [Sep 16, 2025]
NEW QUESTION # 39
Which three statements about Effective Periods are true?
- A. Effective Periods are used for standalone selling prices and for creating journal entries.
- B. You cannot have overlapping periods.
- C. Gaps between periods are not allowed.
- D. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
- E. Effective Periods only define the rage where standalone selling prices of an item should be effective.
Answer: B,C,E
NEW QUESTION # 40
Which is the following is NOT a feature of personalization
- A. Saving searches
- B. Configuring table columns
- C. Changing text font
- D. Selecting default language
Answer: C
NEW QUESTION # 41
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. 0
- B. 1
- C. 2
- D. 3
- E. 4
Answer: B
NEW QUESTION # 42
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......
What is the difference between Selling Amount and Allocated Amount?
- A. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
- B. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
- C. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
- D. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
Answer: A
NEW QUESTION # 43
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 Write-Off Allocation Account at the contract line level.
- B. It tracks the difference In a Discount Allocation Account at the contract 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.
Answer: D
NEW QUESTION # 44
Which is NOT a Price Band Type?
- A. Amount Band
- B. Quantity Band
- C. Set Band
- D. Percentage Band
Answer: D
NEW QUESTION # 45
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?
- A. by setting SM to "Requires Complete" and SMM to "Quantity"
- B. by setting SM to "Requires Complete" and SMM to "Period"
- C. by setting SM to "Allow Partial" and SMM to "Period"
- D. by setting SM to "Allow Partial" and SMM to "Quantity"
- E. by setting SM to "Requires Complete" and SMM to "Percent"
Answer: B
NEW QUESTION # 46
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?
- A. Map the EBS Chart of Accounts to the Cloud General Ledger.
- B. Run the Deploy System Options process.
- C. Apply appropriate patches to EBS.
- D. Set the Profile Option AR: Source System Value for Revenue Management.
- E. Set the System Options in EBS Receivables on the Revenue Management tab.
Answer: A,B
NEW QUESTION # 47
What is a contract modification?
- A. a revision or correction to the estimate of variable consideration made at inception
- B. an increase or decrease in expected collectability
- C. a change to the contract caused by negotiation with the customer
- D. a change (modification) to the contract data
Answer: C
NEW QUESTION # 48
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Revenue and performance obligation liabilities are not dependent on billing.
- B. Pricing estimates cannot be used In the absence of pricing data.
- C. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
- D. Expected consideration value is applicable to all industries.
Answer: B,D
NEW QUESTION # 49
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?
- A. when the Satisfaction Measurement Model is set to Quantity
- B. when the Satisfaction Measurement Model Is set to Percentage
- C. when the Satisfaction Measurement Model is set to Period
- D. when the Satisfaction Measurement Model is set to Amount
Answer: C
NEW QUESTION # 50
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Include user friendly prompts for each segment.
- B. Analyze pricing policies across products and services.
- C. Create multiple instances for a given Pricing Dimension Structure.
- D. Define up to 30 segments and name them.
- E. Define up to 20 segments and name them.
- F. Assign required segment labels to each segment.
Answer: B,D,F
NEW QUESTION # 51
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigating from the Welcome Springboard
- B. By searching
- C. By navigating from the Implementation Project
- D. By navigation to an offering's functional area
Answer: B,C,D
NEW QUESTION # 52
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. your debt to customers for goods and services you are obliged to deliver to them by either party acting
- B. Unearned Revenue
- C. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
- D. your invoiced goods and services less those goods and services that you have not yet delivered
Answer: A
NEW QUESTION # 53
What does the creation of an allocation allow you to determine?
- A. the ability not to revise previously reported revenue for revision, corrections, and other changes
- B. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
- C. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- D. the fair value of each performance obligation
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION # 54
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
- A. Initial Performance
- B. Standalone Selling Prices Allocated
- C. Performance Obligation Billed
- D. Revenue Recognized
- E. Performance Obligation Satisfied
Answer: A,D,E
NEW QUESTION # 55
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
- A. stand-alone selling price assigned to the promised detail line
- B. transaction price distributed to each performance obligation
- C. revenue recognized for each performance obligation
- D. transaction price derived from the source system line import
Answer: B
NEW QUESTION # 56
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