Oracle 1Z0-1059-21 Online Practice Questions and Exam Preparation

Oracle 1Z0-1059-21 Online Questions & Answers

• Question 71:

  What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

  A. Revenue and performance obligation liabilities are not dependent on billing.
  B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
  C. Pricing estimates cannot be used In the absence of pricing data.
  D. Expected consideration value is applicable to all industries.
  C. Pricing estimates cannot be used In the absence of pricing data.
  D. Expected consideration value is applicable to all industries.

• Question 72:

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

  In addition to the SSP Value (price) and Currency, which two are required?

  A. SSP Type
  B. Pricing Dimension
  C. Performance Obligation Template
  D. Unit of Measure
  E. Item Identifier
  D. Unit of Measure
  E. Item Identifier

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  https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm #FAFRM2339998

• Question 73:

  How can you access an implementation task in Functional Setup Manager. (choose 3)

  A. By navigating from the Implementation Project
  B. By navigation to an offering's functional area
  C. By navigating from the Welcome Springboard
  D. By searching
  A. By navigating from the Implementation Project
  B. By navigation to an offering's functional area
  D. By searching

• Question 74:

  What does a Variable Consideration require?

  A. an estimate of the consideration be made at inception only
  B. that the consideration be monetary
  C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
  D. a disclosure be made to the shareholders
  A. an estimate of the consideration be made at inception only

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  https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)

• Question 75:

  Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items. Which three setup attributes are part of a Standalone Selling Price Profile?

  A. Observed Standalone Selling Prices
  B. Estimated Standalone Selling Prices
  C. Pricing Dimension Assignment
  D. SSP Tolerance Usage
  E. Items
  A. Observed Standalone Selling Prices
  B. Estimated Standalone Selling Prices
  C. Pricing Dimension Assignment