[UPDATED 2026] Getting 1Z0-1059-24 Certification Made Easy!
1Z0-1059-24 Exam Crack Test Engine Dumps Training With 85 Questions
Oracle 1Z0-1059-24 Exam Syllabus Topics:
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NEW QUESTION # 34
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?
- A. allow partial
- B. require complete
- C. require partial
- D. allow complete
Answer: A,B
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853
NEW QUESTION # 35
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Review performance obligations by effective period.
- B. Analyze standalone selling prices for one or multiple effective periods.
- C. Diagnose revenue price profile.
- D. Monitor transaction price calculation and allocation.
- E. Drill down to data used to derive standalone selling prices.
Answer: B,C
NEW QUESTION # 36
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- B. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
- C. Add Order Management in the Manage Trading Community Source Systems page.
- D. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- E. Create custom program to extract sales order and fulfillment data from Order Management.
- F. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
Answer: D
NEW QUESTION # 37
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by grouping source document lines intro contracts for each identified customer
- B. by identifying and creating one or more performance obligations for a given accounting contract
- C. by allowing manual allocation of Total Transaction Price across performance obligations
- D. by restricting users from excluding contract lines
- E. by calculating Total Transaction Price for contracts
- F. by only creating contracts that are source system specific
Answer: A,C,F
NEW QUESTION # 38
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?
- A. Provide currency conversion details in the Revenue Basis Data Import Template.
- B. Select Conversion Rate Type in the Source Document Type setup.
- C. Enter Conversion Rate Type in System Options.
- D. Enter exchange rate information in Standalone Selling Price Profile.
- E. Run the Revenue Management translation process.
Answer: C,E
NEW QUESTION # 39
What is the correct match sequence of the descriptions A, B and C against the titles?
- A. B, C, A
- B. A, C, B
- C. C, B, A
- D. A, B, C
- E. C, A, B
- F. B, A, C
Answer: F
NEW QUESTION # 40
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Define up to 20 segments and name them.
- B. Analyze pricing policies across products and services.
- C. Include user friendly prompts for each segment.
- D. Define up to 30 segments and name them.
- E. Create multiple instances for a given Pricing Dimension Structure.
- F. Assign required segment labels to each segment.
Answer: B,D,F
NEW QUESTION # 41
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?
- A. when the Satisfaction Measurement Model is set to Amount
- B. when the Satisfaction Measurement Model is set to Period
- C. when the Satisfaction Measurement Model Is set to Percentage
- D. when the Satisfaction Measurement Model is set to Quantity
Answer: B
NEW QUESTION # 42
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?
- A. The contract is missing Billing data.
- B. The total Transaction Price is over the user-defined threshold amount.
- C. The contract is missing standalone selling prices at the promised detail level or at obligation level.
- D. The contract is missing satisfaction events.
Answer: B
Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.
NEW QUESTION # 43
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
- A. Daily Revenue Rate, All Periods
- B. Daily Revenue Rate, Partial Periods
- C. Partial Schedule
- D. Variable Schedule
- E. Daily Revenue Rate
- F. Fixed Schedule
Answer: F
NEW QUESTION # 44
Which is NOT a Price Band Type?
- A. Amount Band
- B. Set Band
- C. Quantity Band
- D. Percentage Band
Answer: D
NEW QUESTION # 45
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?
- A. Identify Customer Contract Based on Source System
- B. Identify Customer Contract Based on Party
- C. Identify Customer Contract Based on Source Document
- D. Identify Customer Contract Based on Source Document Line
Answer: C
NEW QUESTION # 46
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?
- A. when the Type is Fixed or Variable
- B. when Context Values are populated
- C. when it is a business requirement
- D. when the Deferred Revenue box is checked
Answer: A
NEW QUESTION # 47
Which is NOT a predefined Accounting Class for Revenue Management?
- A. Contract Asset
- B. Contract Liability
- C. Contract Unearned Revenue
- D. Contract Discount
Answer: C
NEW QUESTION # 48
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?
- A. revenue recognized for each performance obligation
- B. stand-alone selling price assigned to the promised detail line
- C. transaction price distributed to each performance obligation
- D. transaction price derived from the source system line import
Answer: C
NEW QUESTION # 49
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......
What is the difference between Selling Amount and Allocated Amount?
- A. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
- B. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
- C. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
- D. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
Answer: B
NEW QUESTION # 50
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?
- A. when an invoice is issued on 20-Sep-2017
- B. when the sales order Is booked on 14-Sep-2017
- C. when the product is shipped on 15-Sep-2017
- D. when the consultant is deployed to assist customer on 10-Sep-2017
Answer: D
NEW QUESTION # 51
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)
- A. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- C. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
- D. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
- E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
Answer: B,C
NEW QUESTION # 52
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. Unearned Revenue
- 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. your invoiced goods and services less those goods and services that you have not yet delivered
- D. your debt to customers for goods and services you are obliged to deliver to them by either party acting
Answer: D
NEW QUESTION # 53
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You value the accrual at estimated consideration and it is a monetary debt.
- B. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- C. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
- D. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- E. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
Answer: C
NEW QUESTION # 54
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?
- A. Create source document types specifically for Euro documents.
- B. Create revenue prices in the Euro currency.
- C. Populate Conversion Rate Type in System Options.
- D. Populate exchange rates in Revenue Price Profile.
Answer: C
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION # 55
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?
- A. Independent
- B. Subset
- C. Table
- D. Dependent
- E. Format Only
Answer: E
NEW QUESTION # 56
A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?
- A. Business Intelligence Publisher
- B. Oracle Transactional Business Intelligence
- C. Smart View
- D. Reporting Studio
Answer: A
NEW QUESTION # 57
Which three statements about Effective Periods are true?
- A. You cannot have overlapping periods.
- B. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
- C. Gaps between periods are not allowed.
- D. Effective Periods are used for standalone selling prices and for creating journal entries.
- E. Effective Periods only define the rage where standalone selling prices of an item should be effective.
Answer: A,C,E
NEW QUESTION # 58
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