Free Oracle 1Z0-1062-20 Exam Questions (page: 4)



Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

  1. Revenue Management can only integrate to Fusion Receivables.
  2. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
  3. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue
    Management.
  4. You can define date filters in order to consider only relevant data needed to comply with the
    new revenue recognition standards.

Answer(s): A,D



What is a contract modification?

  1. a change to the contract caused by negotiation with the customer
  2. a revision or correction to the estimate of variable consideration made at inception
  3. a change (modification) to the contract data
  4. an increase or decrease in expected collectability

Answer(s): A


Reference:

https://docs.oracle.com/en/cloud/saas/financials/r13- update17d/fafrm/manage-revenue-management.html#FAFRM2684195



Which three attributes are helpful in defining a Contract Identification Rule?

  1. Product Description
  2. Quote Number
  3. Delivery Address
  4. Bill To Customer
  5. Ledger
  6. Business Unit

Answer(s): A,B,C



Which is NOT a required piece of information when importing contract header Information from a source file?

  1. Date of Source Document
  2. Source Document Type code
  3. Record Type
  4. Source System
  5. Currency code of source document
  6. Source Document Unique Identifier Number 1

Answer(s): F


Reference:

https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM 2340000.htm#FAFRM2340000






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