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NEW QUESTION 36
Which is NOT a required piece of information when importing contract header Information from a source file?

A. Source SystemB. Source Document Type codeC. Currency code of source documentD. Record TypeE. Source Document Unique Identifier Number 1F. Date of Source Document

Answer: E

 

NEW QUESTION 37
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. Create a secondary ledger.B. Create a reporting ledger.C. Create a new primary ledger.D. Using their existing primary ledger.

Answer: D

 

NEW QUESTION 38
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

A. when the Deferred Revenue box is checkedB. when it is a business requirementC. when the Type is Fixed or VariableD. when Context Values are populated

Answer: C

 

NEW QUESTION 39
What is a contract modification?

A. an increase or decrease in expected collectabilityB. a change to the contract caused by negotiation with the customerC. a change (modification) to the contract dataD. a revision or correction to the estimate of variable consideration made at inception

Answer: B

 

NEW QUESTION 40
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