Which statement Is True regardingthe Customer Contract Source Data Import Template?
A. It is a predefined Excel FBDI template.
B. It is a predefined Java FBDI template.
C. It Is a predefined HTML FBDI template.
D. It is a custom template that you are required to build.
Given the Identify Customer Contracts Job set performs many different processes, which action IsNOTperformed by this job set?
A. allocates the SSP to various satisfaction events
B. creates the accounting for the stages in the process
C. allocates the SSP to various performance obligations
D. recognizes revenue if any satisfaction events exist
E. creates customer contracts and performance obligations
Why Is Satisfaction Method a key element of a Performance Obligation?
A. because it determines whether revenue for a good or service is recognized Over Timeor Point in Time
B. because it calculates the amount of Total Transaction Price allocated to date
C. because it calculates the percentage of Total Transaction Price allocated to date
D. because it specifies whether revenue has been fully or partially recognized for a good or service
A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?
A. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
B. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
C. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheettemplate to enter estimated prices manually.
D. Run the Calculate Observed Standalone Selling Prices program to derive prices.
E. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
F. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy underASC 606 and IFRS 15?
A. Create a reporting ledger.
B. Create a new primary ledger.
C. Create a secondary ledger.
D. Using their existing primary ledger.
Which two are intended uses for the Standalone Selling Price ReportDashboard?
A. Review performance obligations by effective period.
B. Diagnose revenue price profile.
C. Drill down to data used to derive standalone selling prices.
D. Monitor transaction price calculation and allocation.
E. Analyze standalone selling prices for one or multiple effective periods.
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.
Which three statements about Effective Periods are true?
A. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
B. Effective Periods are used for standalone selling prices and for creating journal entries.
C. Gaps between periods are not allowed.
D. You cannot have overlapping periods.
E. Effective Periods only define the rage where standalone selling prices of an item should be effective.
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Managementto create these journal entries?
A. Performance Obligation Satisfied
B. Performance Obligation Billed
C. Initial Performance
D. Revenue Recognized
E. Standalone Selling Prices Allocated
What does a Variable Consideration require?
A. an estimate of the considerationbe 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
Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only Oracle exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your 1Z0-1059-22 exam preparations and Oracle certification application, do not hesitate to visit our Vcedump.com to find your solutions here.