Oracle Revenue Management Cloud 1z0-1059-24 New Questions

a change to the contract caused by negotiation with the customer

a revision or correction to the estimate of variable consideration made at inception

a change (modification) to the contract data

an increase or decrease in expected collectability

Revenue and performance obligation liabilities are not dependent on billing.

Revenue can be recognized for performance obligations only using the "Point in Time" approach.

Pricing estimates cannot be used In the absence of pricing data.

Expected consideration value is applicable to all industries.

because it determines whether revenue for a good or service is recognized Over Time or Point in Time

because it calculates the amount of Total Transaction Price allocated to date

because it calculates the percentage of Total Transaction Price allocated to date

because it specifies whether revenue has been fully or partially recognized for a good or service

Contract Asset

Contract Price Variance

Contract Liability

Contract Revenue

Contract Expense

Contract Clearing