1Z1-1018 by Oracle Actual Free Exam Q&As

Question 1

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

Discussion 0

Correct Answer: A Vote an answer

Question 2

In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

A. It tracks the difference in a Discount Allocation Account at the contract line level. B. It tracks the difference In a Discount Allocation Account at the contract level. C. It tracks the difference in a Write-off Allocation Account at the contract level. D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.

Discussion 0

Correct Answer: A Vote an answer

Question 3

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 4

Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?

A. 50 User Extensible Fields B. 90 User Extensible Fields C. 60 User Extensible Fields D. 10 User Extensible Fields

Discussion 0

Correct Answer: D Vote an answer

Question 5

A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?

A. Smart View B. Business Intelligence Publisher C. Oracle Transactional Business Intelligence D. Reporting Studio

Discussion 0

Correct Answer: B Vote an answer

Question 6

Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

A. Initial Performance B. Performance Obligation Billed C. Revenue Recognized D. Standalone Selling Prices Allocated E. Performance Obligation Satisfied

Discussion 0

Correct Answer: A,C,E Vote an answer

Oracle Revenue Management Cloud Service 2018 Implementation Essentials - 1Z1-1018 Exam Practice Test