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Oracle 1Z0-1059-26 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Revenue Recognition and Accounting Rules	26%	- Understand and apply ASC 606 / IFRS 15 standards - Configure accounting configurations, journal entries, and accounting methods - Define and manage revenue recognition rules and schedules - Manage allocation and measurement of transaction prices
Topic 2: Revenue Management Implementation and Setup	28%	- Configure Revenue Management application components - Define system options, parameters, and reference data - Configure integration with Oracle Financials Cloud and other modules - Set up standalone pricing and pricing dimension structures
Topic 3: Revenue Reporting and Analytics	22%	- Generate standard and custom revenue reports - Monitor and reconcile revenue balances and accounting data - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting - Build analyses, dashboards, and infolets for revenue data
Topic 4: Revenue Contracts and Performance Obligations	24%	- Handle contract assets, liabilities, and billing events - Create and manage revenue contracts and contract modifications - Allocate transaction price to performance obligations - Identify and define performance obligations and distinct goods/services

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Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions (Q66-Q71):

NEW QUESTION # 66
Given your organization's Interactions with one of Its customers:
A consultant is deployed to assist customer on 10-Sep-2017.
A Sales order is booked on 14-Sep-2017.
The Product is shipped on 15-Sep-2017.
An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

A. when an invoice is issued on 20-Sep-2017
B. when the sales order Is booked on 14-Sep-2017
C. when the product is shipped on 15-Sep-2017
D. when the consultant is deployed to assist customer on 10-Sep-2017

Answer: D

NEW QUESTION # 67
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

A. allow complete
B. require partial
C. allow partial
D. require complete

Answer: C,D

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853

NEW QUESTION # 68
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?

A. the Query Required option
B. whether Dynamic Combination Creation Allowed is enabled
C. the value sets
D. the Displayed option
E. the shape: Same number of segments and order

Answer: B,E

NEW QUESTION # 69
Why Is Satisfaction Method a key element of a Performance Obligation?

A. because it calculates the amount of Total Transaction Price allocated to date
B. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
C. because it calculates the percentage of Total Transaction Price allocated to date
D. because it specifies whether revenue has been fully or partially recognized for a good or service

Answer: B

NEW QUESTION # 70
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?

A. The contract is missing standalone selling prices at the promised detail level or at obligation level.
B. The contract is missing satisfaction events.
C. The contract is missing Billing data.
D. The total Transaction Price is over the user-defined threshold amount.

Answer: D

Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.

NEW QUESTION # 71
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