1Z0-1059 Exam Questions & Answers

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1Z0-1059 Exam Questions & Answers

Vendor: Oracle

Certifications: Oracle Cloud

Exam Code: 1Z0-1059

Exam Name: Oracle Revenue Management Cloud Service 2019 Implementation Essentials

Updated: Jun 28, 2022

Q&As: 75

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1Z0-1059 Online Practice Questions and Answers

Questions 1

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 PandL 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.

Show Answer
Questions 2

Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

A. Revenue Management can only integrate to Fusion Receivables.

B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

C. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

D. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

Show Answer
Questions 3

Oracle Revenue Management is part of_____________________predefined offering.

A. Enterprise Contracts

B. Fusion Accounting Hub

C. Incentive Compensation

D. Financials

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