Online 1Z0-1059-25 Practice Test

Question 1

Which three statements about Effective Periods are true?

Options :

A : If effective periods are not defined. Revenue Management uses the General Ledger calendar.

B : Effective Periods are used for standalone selling prices and for creating journal entries.

C : Gaps between periods are not allowed.

D : You cannot have overlapping periods.

E : Effective Periods only define the rage where standalone selling prices of an item should be effective.

Answer: A,B,D

Question 2

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

Question 3

The predefined Revenue Contract Account Activities report originally had only one output option of

spreadsheet.

Which output option can you now also choose to assist In handling a large number of records?

Options :

A : HTML

B : PowerPoint

C : Flat File

D : PDF

Answer: C

Question 4

Given your organization's Interactions with one of Its customers:

A consultant is deployed to assist customer on 10-Sep-2017.

A Sales order is booked on 14-Sep-2017.

The Product is shipped on 15-Sep-2017.

An Invoice is issued on 20-Sep-2017.

When do you accrue the contract liability?

Options :

A : when the consultant is deployed to assist customer on 10-Sep-2017

B : when the product is shipped on 15-Sep-2017

C : when the sales order Is booked on 14-Sep-2017

D : when an invoice is issued on 20-Sep-2017

Answer: A

Question 5

After analyzing sales documents for your organization, you conclude that it will be appropriate to group

transaction lines by customer to create contracts In Revenue Management.

Which predefined Contract Identification Rule can be used in this case?

Options :

A : Identify Customer Contract Based on Party

B : Identify Customer Contract Based on Source Document Line

C : Identify Customer Contract Based on Source Document

D : Identify Customer Contract Based on Source System

Answer: C

EXPERTY DESIGNED 1Z0-1059-25 PRACTICE TEST