Pass the actual test with the help of 1Z0-1059-26 study guide
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1. Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
A) Contract Clearing
B) Contract Liability
C) Contract Revenue
D) Contract Expense
E) Contract Price Variance
F) Contract Asset
2. Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?
A) Fixed Schedule
B) Daily Revenue Rate
C) Variable Schedule
D) Daily Revenue Rate, Partial Periods
E) Partial Schedule
F) Daily Revenue Rate, All Periods
3. Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
A) by allowing manual allocation of Total Transaction Price across performance obligations
B) by restricting users from excluding contract lines
C) by identifying and creating one or more performance obligations for a given accounting contract
D) by grouping source document lines intro contracts for each identified customer
E) by only creating contracts that are source system specific
F) by calculating Total Transaction Price for contracts
4. Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
A) Customers
B) Inventory items
C) Receivables configurations
D) Suppliers
E) Banks, branches and bank accounts
F) Business Units
5. How many tabs does the Customer Contract Source Data Import Template have?
A) one tab that stores data for the VRM_SOURCE_DOCUMENTS table
B) three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
C) two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
D) four tabs that store data for the
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A,D,E | Question # 4 Answer: A,B,F | Question # 5 Answer: B |
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