Online 1Z0-1059-25 Practice Test

Question 1

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

Options :

A : Contract Asset

B : Contract Price Variance

C : Contract Liability

D : Contract Revenue

E : Contract Expense

F : Contract Clearing

Answer: A

Question 2

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 3

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 4

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.

Which two options are available In Revenue Management to convert transaction amounts to the USD

currency?

Options :

A : Select Conversion Rate Type in the Source Document Type setup.

B : Run the Revenue Management translation process.

C : Enter Conversion Rate Type in System Options.

D : Provide currency conversion details in the Revenue Basis Data Import Template.

E : Enter exchange rate information in Standalone Selling Price Profile.

Answer: B,C

Question 5

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

Options :

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.

Answer: A,D

EXPERTY DESIGNED 1Z0-1059-25 PRACTICE TEST