Free Oracle 1D0-1059-24-D Exam Questions

Become Oracle Certified with updated 1D0-1059-24-D exam questions and correct answers

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Total 84 Questions | Updated On: Mar 25, 2025

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Question 1

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A : u accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue

B : u value the accrual at estimated consideration and it is a monetary debt.

C : u book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

D : u calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

E : ability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

Answer: A

Question 2

Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

A : ese accounts are optional in Revenue Management.

B : nonexistent, these accounts need to be added to the chart of accounts.

C : nonexistent, these accounts are added automatically to the chart of accounts.

D : ese accounts are not relevant to Revenue Management.

Answer: C

Question 3

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 : defining a Revenue Item Group

B : defining a Standalone Selling Price Profile.

C : defining a Performance Obligation Template.

D : defining a Contact Identification Rule.

Answer: A

Question 4

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 : vigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.

B : ad estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

C : vigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.

D : n the Calculate Observed Standalone Selling Prices program to derive prices.

Answer: D

Question 5

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.

What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

A : eate source document types specifically for Euro documents.

B : pulate exchange rates in Revenue Price Profile.

C : pulate Conversion Rate Type in System Options.

D : eate revenue prices in the Euro currency.

Answer: C

Page: 1 / 17

Total 84 Questions | Updated On: Mar 25, 2025

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