Online Access Free 1Z0-1059-21 Exam Questions

Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?

• A.General Ledger account derivation based on predefined events
• B.revaluation of assets and liabilities
• C.stand-alone selling price derivation
• D.multiple accounting representations
• E.centralized accounting solution
• F.General Ledger journal creation

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.Table
• B.Subset
• C.Dependent
• D.Independent
• E.Format Only

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 the product is shipped on 15-Sep-2017
• B.when the sales order Is booked on 14-Sep-2017
• C.when an invoice is issued on 20-Sep-2017
• D.when the consultant is deployed to assist customer on 10-Sep-2017

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 calculating Total Transaction Price for contracts
• C.by allowing manual allocation of Total Transaction Price across performance obligations
• D.by restricting users from excluding contract lines
• E.by only creating contracts that are source system specific
• F.by identifying and creating one or more performance obligations for a given accounting contract

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.Enter exchange rate information in Standalone Selling Price Profile.
• B.Run the Revenue Management translation process.
• C.Provide currency conversion details in the Revenue Basis Data Import Template.
• D.Enter Conversion Rate Type in System Options.
• E.Select Conversion Rate Type in the Source Document Type setup.