Online 1Z0-1059-24 Practice Test

Question 1

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

Options :

A : allocates the SSP to various satisfaction events

B : creates the accounting for the stages in the process

C : allocates the SSP to various performance obligations

D : recognizes revenue if any satisfaction events exist

E : creates customer contracts and performance obligations

Answer: B

Question 2

A corporation uses a primary ledger with a currency of USD. The organization's data includes source

document lines with amounts expressed in the Euro currency. However, Revenue Management calculates

transaction totals, allocations, and creates accounting in the ledger currency.

What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

Options :

A : Create source document types specifically for Euro documents.

B : Populate exchange rates in Revenue Price Profile.

C : Populate Conversion Rate Type in System Options.

D : Create revenue prices in the Euro currency.

Answer: C

Question 3

In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be

completed.

Which two are NOT included in the four step process?

Options :

A : Close the previous period.

B : Review the calculated OSSP.

C : Categorize standalone sales by performance obligation.

D : Approve the OSSP by establishing it.

E : Run the Calculate Observed Standalone Selling Prices program.

F : Run Create Accounting.

Answer: A,C

Question 4

Which is Not a required piece of information when importing contract header information from a source file?

Options :

A : Source System

B : Source Document Type code

C : Record Type

D : Currency code of source document

E : Source Document Unique Identifier Number 1

F : Date of source Document

Answer: A

Question 5

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?

Options :

A : 3

B : 1

C : 5

D : 0

E : 4

Answer: A

EXPERTY DESIGNED 1Z0-1059-24 PRACTICE TEST