Online Access Free 1Z0-1059-20 Exam Questions

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.Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
• B.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
• C.Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
• D.Time-based contingencies must not expire before the contingency can be removed and revenue recognized
• E.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.

After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?

• A.whether Dynamic Combination Creation Allowed is enabled
• B.the shape: Same number of segments and order
• C.the value sets
• D.the Query Required option
• E.the Displayed option

Which is a term under ASC 606 or IFRS 15?

• A.requires complete
• B.promise detail
• C.initial performance event
• D.transaction price

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:

• A.3
• B.2
• C.1
• D.4

Which configuration component is Source Document Type

• A.Performance Obligation Template
• B.Revenue Management System Options
• C.Performance Obligation Identification Rules
• D.Revenue Price Profile
• E.Contract Identification Rules