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Oracle 1Z0-1059-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| System Configuration and Setup | - Initial setup and configuration options - Enterprise structures and accounting setup |
| Revenue Contracts and Performance Obligations | - Revenue allocation rules - Contract creation and management - Identification of performance obligations |
| Integration and Data Flow | - Source data ingestion and transformation - Integration with Oracle ERP Cloud |
| Revenue Recognition and Accounting Rules | - Adjustments and reallocation scenarios - Standalone selling price allocation - Revenue recognition models |
| Oracle Revenue Management Cloud Service Overview | - Business use cases and industry applications - Core concepts of Revenue Management Cloud Service |
| Reporting and Troubleshooting | - Error handling and reconciliation - Standard reporting capabilities |
Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions:
1. Which is NOT a Price Band Type?
A) Amount Band
B) Set Band
C) Percentage Band
D) Quantity Band
2. Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
A) You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
B) You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
C) You value the accrual at estimated consideration and it is a monetary debt.
D) You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
E) Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
3. 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
4. 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 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.
C) 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.
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.
5. A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
A) Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
B) Ignore the performance obligation for the toaster because it was free of cost to the customer.
C) Define an adhoc rule in the Revenue Price Profile to include the toaster.
D) Create the performance obligation for the toaster manually.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A,D | Question # 4 Answer: D | Question # 5 Answer: A |
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