Oracle 1Z0-1059-24 Quiz 1 Topic 1 Questions 1-5

Question: 1

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

Awhen a pricing dimension structure is enabled for pricing bands

Bwhen a source document type is enabled to use pricing bands

Cwhen a pricing dimension structure Instance Is enabled for pricing bands

Dwhen a value set segment label of Set Band is used

Show Answer

Question: 2

Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.

Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?

AReason

BPricing Dimension

CItem Identifier

DPerformance Obligation Template

ETolerance ranges

FSSP Type

Show Answer

Question: 3

Which three statements about Effective Periods are true?

AIf effective periods are not defined. Revenue Management uses the General Ledger calendar.

BEffective Periods are used for standalone selling prices and for creating journal entries.

CGaps between periods are not allowed.

DYou cannot have overlapping periods.

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

Show Answer

Question: 4

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

AYou 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.

BYou value the accrual at estimated consideration and it is a monetary debt.

CYou book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

DYou calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

ELiability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

Show Answer

Question: 5

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?

ASuppliers

BBusiness Units

CCustomers

DInventory items

EReceivables configurations

FBanks, branches and bank accounts

Show Answer

Oracle 1Z0-1059-24 Quiz:1 Topic:1 Questions:1-5