Free Oracle 1Z0-1059-24 Exam Questions

Become Oracle Certified with updated 1Z0-1059-24 exam questions and correct answers

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Total 84 Questions | Updated On: Jan 08, 2025

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Question 1

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

A : urce System

B : urce Document Type code

C : cord Type

D : rrency code of source document

E : urce Document Unique Identifier Number 1

F : te of source Document

Answer: A

Question 2

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

A : locates the SSP to various satisfaction events

B : eates the accounting for the stages in the process

C : locates the SSP to various performance obligations

D : cognizes revenue if any satisfaction events exist

E : eates customer contracts and performance obligations

Answer: B

Question 3

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

A : ntract Asset

B : ntract Price Variance

C : ntract Liability

D : ntract Revenue

E : ntract Expense

F : ntract Clearing

Answer: A

Question 4

Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

A : venue Management can only integrate to Fusion Receivables.

B : u can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

C : u can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

D : u can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

Answer: A,D

Question 5

Why Is Satisfaction Method a key element of a Performance Obligation?

A : cause it determines whether revenue for a good or service is recognized Over Time or Point in Time

B : cause it calculates the amount of Total Transaction Price allocated to date

C : cause it calculates the percentage of Total Transaction Price allocated to date

D : cause it specifies whether revenue has been fully or partially recognized for a good or service

Answer: A

Page: 1 / 17

Total 84 Questions | Updated On: Jan 08, 2025

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