Latest Mar-2023 1z0-1059-22 Dumps PDF And Certification Training [Q50-Q71]

NEW QUESTION 50
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

NEW QUESTION 51
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

NEW QUESTION 52
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

NEW QUESTION 53
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

NEW QUESTION 54
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

NEW QUESTION 55
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?

NEW QUESTION 56
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

NEW QUESTION 57
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?

NEW QUESTION 58
65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you
configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

NEW QUESTION 59
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?

NEW QUESTION 60
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would
you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

NEW QUESTION 61
Why Is Satisfaction Method a key element of a Performance Obligation?

NEW QUESTION 62
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?

NEW QUESTION 63
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?

NEW QUESTION 64
How can you access an implementation task in Functional Setup Manager. (choose 3)

NEW QUESTION 65
Why are Source Document Type Codes required when defining Source Document Types?

NEW QUESTION 66
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

How many performance obligations will be created In Revenue Management?

NEW QUESTION 67
Which three tasks can be performed In the Revenue Management Work Area?

NEW QUESTION 68
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

NEW QUESTION 69
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?

NEW QUESTION 70
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How should you configure
Revenue management to ensure that these items are grouped into one performance obligation?

NEW QUESTION 71
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?