Online Access Free 1Z0-1059 Exam Questions

What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

• A.Create a new primary ledger.
• B.Using their existing primary ledger.
• C.Create a secondary ledger.
• D.Create a reporting ledger.

Which statement is NOT applicable to Performance Obligation Templates?

• A.Performance Obligation Templates take precedence over Performance Obligation Rules.
• B.Oracle delivers three predefined Performance Obligation Templates,
• C.Performance Obligation Templates are specific to the business and cannot be predefined.
• D.Performance Obligation Templates can be associated to a Revenue Price Profile.

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 performance obligations
• B.creates customer contracts and performance obligations
• C.creates the accounting for the stages in the process
• D.allocates the SSP to various satisfaction events
• E.recognizes revenue if any satisfaction events exist

Which is NOT a required piece of information when importing contract header Information from a source file?

• A.Source Document Type code
• B.Date of Source Document
• C.Source Document Unique Identifier Number 1
• D.Source System
• E.Currency code of source document
• F.Record Type

A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How should you configure Revenue management to ensure that these items are grouped into one performance obligation?

• A.By defining a Standalone Selling Price Profile.
• B.By defining a Revenue Item Group
• C.By defining a Performance Obligation Template.
• D.By defining a Contact Identification Rule.