1Z0-1059-26 practice question 6 of 10

Which three statements about Effective Periods are true?

Full set: 204 questions

Answer options

A: If effective periods are not defined. Revenue Management uses the General Ledger calendar. Correct answer

B: Effective Periods are used for standalone selling prices and for creating journal entries.

C: Gaps between periods are not allowed. Correct answer

D: You cannot have overlapping periods. Correct answer

E: Effective Periods only define the rage where standalone selling prices of an item should be effective.

Correct Answer:

A. If effective periods are not defined. Revenue Management uses the General Ledger calendar.; C. Gaps between periods are not allowed.; D. You cannot have overlapping periods.

Explanation

Effective Periods in Oracle Revenue Management define time ranges for revenue recognition processing. When not explicitly defined, the system defaults to using the General Ledger calendar for period determination. The system enforces data integrity by preventing both gaps between consecutive periods and overlapping period definitions. These periods serve multiple purposes beyond just standalone selling prices, including revenue allocation, performance obligation satisfaction timing, and journal entry creation timing.

Why Incorrect

B. Incorrect because Effective Periods are used for more than just SSP and journal entries - they govern overall revenue recognition timing.
E. Incorrect because Effective Periods define ranges for all revenue recognition activities, not exclusively for standalone selling prices.

References

1. Oracle Revenue Management Cloud Service Documentation, Release 23A, "Setting Up Effective Periods," Section 3.2, Pages 45-47

2. Oracle Cloud Applications: Revenue Management Implementation Guide, Doc ID 2547891.1, "Calendar and Period Setup," Paragraphs 2-4

3. Oracle Revenue Management Cloud Service Administration Guide, Release 22D, "Managing Revenue Periods," Pages 112-115

4. Oracle Support Note 2698745.1, "Understanding Effective Period Configuration in Revenue Management," Section 2

5. Oracle Revenue Management Cloud Service Concepts Guide, Release 23B, Chapter 4 "Period Management," Pages 78-82

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