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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q65-Q70):

NEW QUESTION # 65
Which statement Is True regarding the Customer Contract Source Data Import Template?

A. It is a predefined Java FBDI template.
B. It Is a predefined HTML FBDI template.
C. It is a custom template that you are required to build.
D. It is a predefined Excel FBDI template.

Answer: D

NEW QUESTION # 66
Which is a term under ASC 606 or IFRS 15?

A. transaction price
B. requires complete
C. promise detail
D. initial performance event

Answer: A

NEW QUESTION # 67
Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?

A. 90 User Extensible Fields
B. 50 User Extensible Fields
C. 10 User Extensible Fields
D. 60 User Extensible Fields

Answer: C

NEW QUESTION # 68
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. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
C. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
D. You value the accrual at estimated consideration and it is a monetary debt.
E. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

Answer: A

NEW QUESTION # 69
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 total Transaction Price is over the user-defined threshold amount.
B. The contract is missing Billing data.
C. The contract is missing satisfaction events.
D. The contract is missing standalone selling prices at the promised detail level or at obligation level.

Answer: A

Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.

NEW QUESTION # 70
......

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Accessible PDF Format for Oracle 1Z0-1059-24 Exam Questions

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q65-Q70):

1Z0-1059-24 Original Questions & 1Z0-1059-24 Training Online & 1Z0-1059-24 Dumps Torrent

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