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1z0-1056-22 – Oracle Financials Cloud: Receivables 2022 Implementation Professional

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Showing 7–9 of 10 questions

Question 7

Which method is used to allocate total transaction price across performance obligations in Revenue Management?

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    Two Step Allocation Method
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    Inverted Allocation Method
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    Alternative Allocation Method
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    Relative Allocation Method
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    Residual Allocation Method
Question 8

Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.

How will bills be generated?

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    Sites 1, 2, and 3 activities will be included in a single bill.
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    Sites 2 and 3 activities will be included in a single bill.
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    Sites 1 and 2 activities will be included in a single bill.
  • ○

    Sites 1 and 3 activities will be included in a single bill.
Question 9

The Multifund Accounting feature supports detailed distributions for invoices with revenue recognition rules. For a customer invoice with the distributions below:

Which unearned revenue accounting entries will the feature generate?

Select an option, then click Submit answer.

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    Credits of $900 and $600 for companies 01 and 02 respectively
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    Credits of $900 and $500 for companies 01 and 02 respectively
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    Debit of $900 and credit of $500 for companies 01 and 02 respectively
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    Credit of $900 and debit of $500 for companies 01 and 02 respectively
  • ○

    Debits of $900 and $500 for companies 01 and 02 respectively