1Z0-1018 by Oracle Actual Free Exam Q&As

Question 1

The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?

A. PowerPoint B. HTML C. PDF D. Flat File

Discussion 0

Correct Answer: D Vote an answer

Question 2

Which is a term under ASC 606 or IFRS 15?

A. requires complete B. transaction price C. initial performance event D. promise detail

Discussion 0

Correct Answer: B Vote an answer

Question 3

Which configuration component is Source Document Type NOT connected to?

A. Revenue Management System Options B. Contract Identification Rules C. Performance Obligation Template D. Revenue Price Profile E. Performance Obligation Identification Rules

Discussion 0

Correct Answer: D Vote an answer

Question 4

Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

A. Observed Standalone Selling Prices B. Items C. Estimated Standalone Selling Prices D. SSP Tolerance Usage E. Pricing Dimension Assignment

Discussion 0

Correct Answer: A,C,E Vote an answer

Question 5

The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?

A. The contract is missing Billing data. B. The contract is missing satisfaction events. C. The contract is missing standalone selling prices at the promised detail level or at obligation level. D. The total Transaction Price is over the user-defined threshold amount.

Discussion 0

Correct Answer: D Vote an answer

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Question 6

Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

A. by only creating contracts that are source system specific B. by restricting users from excluding contract lines C. by grouping source document lines intro contracts for each identified customer D. by calculating Total Transaction Price for contracts E. by identifying and creating one or more performance obligations for a given accounting contract F. by allowing manual allocation of Total Transaction Price across performance obligations

Discussion 0

Correct Answer: A,C,F Vote an answer

Oracle Revenue Management Cloud Service 2018 Implementation Essentials - 1Z0-1018 Exam Practice Test