Oracle 1Z0-1059-26 Practice Test (Web-Based)
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| Section | Objectives |
|---|
| System Configuration and Setup | - Initial setup and configuration options - Enterprise structures and accounting setup
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| Reporting and Troubleshooting | - Standard reporting capabilities - Error handling and reconciliation
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| Revenue Recognition and Accounting Rules | - Adjustments and reallocation scenarios - Standalone selling price allocation - Revenue recognition models
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| Oracle Revenue Management Cloud Service Overview | - Business use cases and industry applications - Core concepts of Revenue Management Cloud Service
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| Integration and Data Flow | - Integration with Oracle ERP Cloud - Source data ingestion and transformation
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| Revenue Contracts and Performance Obligations | - Contract creation and management - Revenue allocation rules - Identification of performance obligations
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Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions (Q22-Q27):
NEW QUESTION # 22
What is a contract modification?
- A. a change (modification) to the contract data
- B. a change to the contract caused by negotiation with the customer
- C. an increase or decrease in expected collectability
- D. a revision or correction to the estimate of variable consideration made at inception
Answer: B
NEW QUESTION # 23
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......

What is the difference between Selling Amount and Allocated Amount?
- A. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
- B. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
- C. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
- D. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
Answer: D
NEW QUESTION # 24
A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?
- A. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
- B. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
- C. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
- D. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- E. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
- F. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
Answer: D,F
NEW QUESTION # 25
What does the creation of an allocation allow you to determine?
- A. the ability not to revise previously reported revenue for revision, corrections, and other changes
- B. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
- C. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- D. the fair value of each performance obligation
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION # 26
The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?
- A. Sales order header level data.
- B. Sales order line level data.
- C. Sub contract level details.
- D. Performance obligation satisfaction event details.
Answer: D
NEW QUESTION # 27
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