Free 1Z0-1059-26 Questions for Oracle Revenue Management Cloud Service 2026 Implementation Professional 1Z0-1059-26 Exam as PDF & Practice Test Engine

Exam Code/Number: 1Z0-1059-26
Exam Name/Title: Oracle Revenue Management Cloud Service 2026 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud

Exam Questions: 85
Updated On: Jun 19, 2026

Question #1

Which is NOT a predefined Accounting Class for Revenue Management?

A. Contract Discount

B. Contract Unearned Revenue

C. Contract Liability

D. Contract Asset

Discussion 0

Correct Answer: B Vote an answer

Question #2

A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:

Which Price Band Segment Label would be appropriate to use in this case?

A. Quantity Band

B. Amount Band

C. Deal Size Band

D. Set Band

Discussion 0

Correct Answer: B Vote an answer

Question #3

What does the creation of an allocation allow you to determine?

A. the maximum amount of revenue you can recognize soonest, postponing the minimum until later

B. the fair value of each performance obligation

C. an allocation of the expected consideration over the performance obligations as if you had sold them separately

D. the ability not to revise previously reported revenue for revision, corrections, and other changes

Discussion 0

Correct Answer: B Vote an answer

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Question #4

When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)

A. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration

B. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized

C. Time-based contingencies must not expire before the contingency can be removed and revenue recognized

D. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

E. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

Discussion 0

Correct Answer: A,E Vote an answer

Question #5

Which statement Is True regarding the Customer Contract Source Data Import Template?

A. It Is a predefined HTML FBDI template.

B. It is a custom template that you are required to build.

C. It is a predefined Java FBDI template.

D. It is a predefined Excel FBDI template.

Discussion 0

Correct Answer: D Vote an answer

Question #6

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

A. Pricing estimates cannot be used In the absence of pricing data.

B. Revenue and performance obligation liabilities are not dependent on billing.

C. Revenue can be recognized for performance obligations only using the "Point in Time" approach.

D. Expected consideration value is applicable to all industries.

Discussion 0

Correct Answer: A,D Vote an answer

Question #7

Which two are intended uses for the Standalone Selling Price Report Dashboard?

A. Diagnose revenue price profile.

B. Analyze standalone selling prices for one or multiple effective periods.

C. Review performance obligations by effective period.

D. Monitor transaction price calculation and allocation.

E. Drill down to data used to derive standalone selling prices.

Discussion 0

Correct Answer: A,B Vote an answer

Question #8

Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

A. your invoiced goods and services less those goods and services that you have not yet delivered

B. your debt to customers for goods and services you are obliged to deliver to them by either party acting

C. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered

D. Unearned Revenue

Discussion 0

Correct Answer: B Vote an answer

Question #9

Which is NOT a required piece of information when importing contract header Information from a source file?

A. Currency code of source document

B. Source System

C. Source Document Unique Identifier Number 1

D. Record Type

E. Source Document Type code

F. Date of Source Document

Discussion 0

Correct Answer: C Vote an answer

Free 1Z0-1059-26 Questions for Oracle Revenue Management Cloud Service 2026 Implementation Professional 1Z0-1059-26 Exam as PDF & Practice Test Engine

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