Vendor: Oracle
Exam Code: 1Z0-1059-20
Exam Name: Oracle Revenue Management Cloud Service 2020 Implementation Essentials
Certification: Oracle Certifications
Total Questions: 75 Q&A
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Updated on: Jan 07, 2025
Exam retired ,new exam code replace: 1Z0-1059-21
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Which is a term under ASC 606 or IFRS 15?
A. transaction price
B. promise detail
C. initial performance event
D. requires 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 the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
C. 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.
D. Delete Contracts from the Manage Customer Contracts Ul.
E. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
What is a contract modification?
A. a change to the contract caused by negotiation with the customer
B. a revision or correction to the estimate of variable consideration made at inception
C. a change (modification) to the contract data
D. an increase or decrease in expected collectability
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