Online Access Free 1Z0-1059 Exam Questions

Which statement is NOT applicable to Performance Obligation Templates?

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

What is a contract modification?

• A.a change (modification) to the contract data
• B.a revision or correction to the estimate of variable consideration made at inception
• C.an increase or decrease in expected collectability
• D.a change to the contract caused by negotiation with the customer

In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?

• A.Categorize standalone sales by performance obligation.
• B.Run the Calculate Observed Standalone Selling Prices program.
• C.Run Create Accounting.
• D.Close the previous period.
• E.Review the calculated OSSP.
• F.Approve the OSSP by establishing it.

A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?

• A.Run the Calculate Observed Standalone Selling Prices program to derive prices.
• B.Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
• C.Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
• D.Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.

Which is NOT a predefined Accounting Class for Revenue Management?

• A.Contract Asset
• B.Contract Discount
• C.Contract Liability
• D.Contract Unearned Revenue