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Oracle 1Z0-1059-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Revenue Contracts and Performance Obligations | 24% | - Handle contract assets, liabilities, and billing events - Allocate transaction price to performance obligations - Create and manage revenue contracts and contract modifications - Identify and define performance obligations and distinct goods/services |
| Topic 2: Revenue Recognition and Accounting Rules | 26% | - Understand and apply ASC 606 / IFRS 15 standards - Manage allocation and measurement of transaction prices - Configure accounting configurations, journal entries, and accounting methods - Define and manage revenue recognition rules and schedules |
| Topic 3: Revenue Reporting and Analytics | 22% | - Monitor and reconcile revenue balances and accounting data - Generate standard and custom revenue reports - Build analyses, dashboards, and infolets for revenue data - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting |
| Topic 4: Revenue Management Implementation and Setup | 28% | - Define system options, parameters, and reference data - Configure Revenue Management application components - Set up standalone pricing and pricing dimension structures - Configure integration with Oracle Financials Cloud and other modules |
Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions:
1. The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?
A) PowerPoint
B) Flat File
C) HTML
D) PDF
2. Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?
A) Item Identifier
B) Pricing Dimension
C) Reason
D) Performance Obligation Template
E) SSP Type
F) Tolerance ranges
3. 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) Review the calculated OSSP.
B) Run Create Accounting.
C) Run the Calculate Observed Standalone Selling Prices program.
D) Close the previous period.
E) Categorize standalone sales by performance obligation.
F) Approve the OSSP by establishing it.
4. Which configuration component is Source Document Type NOT connected to?
A) Contract Identification Rules
B) Revenue Price Profile
C) Performance Obligation Identification Rules
D) Revenue Management System Options
E) Performance Obligation Template
5. 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) Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
B) 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
C) 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
D) Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
E) Time-based contingencies must not expire before the contingency can be removed and revenue recognized
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B,E,F | Question # 3 Answer: C,E | Question # 4 Answer: B | Question # 5 Answer: A,C |
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