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Oracle 1Z0-1059-26 Exam Syllabus Topics:

Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions:

1. Given your organization's Interactions with one of Its customers:
A consultant is deployed to assist customer on 10-Sep-2017.
A Sales order is booked on 14-Sep-2017.
The Product is shipped on 15-Sep-2017.
An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

A) when the sales order Is booked on 14-Sep-2017
B) when the consultant is deployed to assist customer on 10-Sep-2017
C) when the product is shipped on 15-Sep-2017
D) when an invoice is issued on 20-Sep-2017

2. How many tabs does the Customer Contract Source Data Import Template have?

A) four tabs that store data for the
B) one tab that stores data for the VRM_SOURCE_DOCUMENTS table
C) three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
D) two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively

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

A) It is a custom template that you are required to build.
B) It Is a predefined HTML FBDI template.
C) It is a predefined Excel FBDI template.
D) It is a predefined Java FBDI template.

4. Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

A) by calculating Total Transaction Price for contracts
B) by grouping source document lines intro contracts for each identified customer
C) by identifying and creating one or more performance obligations for a given accounting contract
D) by allowing manual allocation of Total Transaction Price across performance obligations
E) by restricting users from excluding contract lines
F) by only creating contracts that are source system specific

5. What does a Variable Consideration require?

A) an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
B) an estimate of the consideration be made at inception only
C) that the consideration be monetary
D) a disclosure be made to the shareholders

Solutions: