Oracle - 1Z0-1059-26–Valid Latest Exam Answers

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| Section | Weight | Objectives |
|---|
| Revenue Management Implementation and Setup | 28% | - Define system options, parameters, and reference data - Configure Revenue Management application components - Configure integration with Oracle Financials Cloud and other modules - Set up standalone pricing and pricing dimension structures
|
| Revenue Recognition and Accounting Rules | 26% | - Define and manage revenue recognition rules and schedules - Configure accounting configurations, journal entries, and accounting methods - Understand and apply ASC 606 / IFRS 15 standards - Manage allocation and measurement of transaction prices
|
| Revenue Reporting and Analytics | 22% | - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting - Monitor and reconcile revenue balances and accounting data - Build analyses, dashboards, and infolets for revenue data - Generate standard and custom revenue reports
|
| Revenue Contracts and Performance Obligations | 24% | - Create and manage revenue contracts and contract modifications - Handle contract assets, liabilities, and billing events - Identify and define performance obligations and distinct goods/services - Allocate transaction price to performance obligations
|
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Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions (Q64-Q69):
NEW QUESTION # 64
Why Is Satisfaction Method a key element of a Performance Obligation?
- A. because it calculates the percentage of Total Transaction Price allocated to date
- B. because it specifies whether revenue has been fully or partially recognized for a good or service
- C. because it calculates the amount of Total Transaction Price allocated to date
- D. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
Answer: D
NEW QUESTION # 65
In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?
- A. Approve the OSSP by establishing it.
- B. Run Create Accounting.
- C. Categorize standalone sales by performance obligation.
- D. Run the Calculate Observed Standalone Selling Prices program.
- E. Review the calculated OSSP.
- F. Close the previous period.
Answer: C,D
NEW QUESTION # 66
How many tabs does the Customer Contract Source Data Import Template have?
- A. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
- B. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- C. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- D. four tabs that store data for the
Answer: C
Explanation:
You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details
NEW QUESTION # 67
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- B. Add Order Management in the Manage Trading Community Source Systems page.
- C. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
- D. Create custom program to extract sales order and fulfillment data from Order Management.
- E. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
- F. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
Answer: A
NEW QUESTION # 68
Which is NOT a Price Band Type?
- A. Set Band
- B. Percentage Band
- C. Quantity Band
- D. Amount Band
Answer: B
NEW QUESTION # 69
......
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