Oracle 1Z0-1059-26 : Oracle Revenue Management Cloud Service 2026 Implementation Professional

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Oracle 1Z0-1059-26 Exam Syllabus Topics:

Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions:

1. Which three attributes are helpful in defining a Contract Identification Rule?

A) Product Description
B) Business Unit
C) Delivery Address
D) Bill To Customer
E) Ledger
F) Quote Number

2. You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?

A) Default Classification
B) Freeze Period
C) Priority
D) Source Document Type

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) Run Create Accounting.
B) Approve the OSSP by establishing it.
C) Close the previous period.
D) Categorize standalone sales by performance obligation.
E) Review the calculated OSSP.
F) Run the Calculate Observed Standalone Selling Prices program.

4. Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A) Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
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) You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

5. Why are Source Document Type Codes required when defining Source Document Types?

A) Because they are Revenue Management Descriptive Flexfields.
B) Because they provide uniqueness to the Source Document Types.
C) Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
D) Because they are needed for integration with Product Management.

Solutions: