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1Z0-1059 Exam Questions & Answers

Exam Code: 1Z0-1059

Exam Name: Oracle Revenue Management Cloud Service 2019 Implementation Essentials

Updated:

Q&As: 75

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Questions 1

A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application. How should you handle this scenario In Revenue Management?

A. Ignore the performance obligation for the toaster because it was free of cost to the customer.

B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

C. Create the performance obligation for the toaster manually.

D. Define an adhoc rule in the Revenue Price Profile to include the toaster.

Show Answer
Questions 2

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

A. Revenue and performance obligation liabilities are not dependent on billing.

B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.

C. Pricing estimates cannot be used In the absence of pricing data.

D. Expected consideration value is applicable to all industries.

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Questions 3

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

A. your invoiced goods and services less those goods and services that you have not yet delivered

B. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered

C. Unearned Revenue

D. your debt to customers for goods and services you are obliged to deliver to them by either party acting

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Questions 4

Which configuration component is Source Document Type NOT connected to?

A. Revenue Management System Options

B. Performance Obligation Template

C. Contract Identification Rules

D. Revenue Price Profile

E. Performance Obligation Identification Rules

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Questions 5

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

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

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