Quiz 1Z0-1059-26 - Oracle Revenue Management Cloud Service 2026 Implementation Professional Authoritative Lab Questions

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Oracle 1Z0-1059-26 Exam Syllabus Topics:

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

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Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions (Q23-Q28):

NEW QUESTION # 23
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?

A. Delete Contracts from the Manage Customer Contracts Ul.
B. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
C. Delete the source data that was imported into Revenue Management and import new source data.
D. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
E. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.

Answer: E

NEW QUESTION # 24
Which two are intended uses for the Standalone Selling Price Report Dashboard?

A. Analyze standalone selling prices for one or multiple effective periods.
B. Diagnose revenue price profile.
C. Review performance obligations by effective period.
D. Drill down to data used to derive standalone selling prices.
E. Monitor transaction price calculation and allocation.

Answer: A,B

NEW QUESTION # 25
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

A. Oracle Subledger Accounting
B. Oracle Receivables
C. Oracle General Ledger
D. Oracle Revenue Management Cloud

Answer: A,D

NEW QUESTION # 26
Which is a term under ASC 606 or IFRS 15?

A. transaction price
B. promise detail
C. initial performance event
D. requires complete

Answer: A

NEW QUESTION # 27
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

A. It tracks the difference In a Discount Allocation Account at the contract level.
B. It tracks the difference in a Discount Allocation Account at the contract line level.
C. It tracks the difference in a Write-off Allocation Account at the contract level.
D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.

Answer: B

NEW QUESTION # 28
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