Free Oracle 1Z0-1059-20 Exam Dumps Questions & Answers

Given your organization's Interactions with one of Its customers:
* A consultant is deployed to assist customer on 10-Sep-2017.
* A Sales order is booked on 14-Sep-2017.
* The Product is shipped on 15-Sep-2017.
* An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

• A.when the sales order Is booked on 14-Sep-2017
• B.when the consultant is deployed to assist customer on 10-Sep-2017
• C.when the product is shipped on 15-Sep-2017
• D.when an invoice is issued on 20-Sep-2017

Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

• A.require partial
• B.allow partial
• C.require complete
• D.allow complete

If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?

• A.Delete the source data that was imported into Revenue Management and import new source data.
• B.Delete Contracts from the Manage Customer Contracts Ul.
• C.Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
• D.Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
• E.Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.

What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

• A.Create a new primary ledger.
• B.Create a secondary ledger.
• C.Using their existing primary ledger.
• D.Create a reporting ledger.

At which level does Oracle Revenue management perform accounting?

• A.Legal entity level
• B.Performance obligation level
• C.Contract level