Latest [Jul 24, 2026] Oracle 1Z0-1059-26 Exam Practice Test To Gain Brilliante Result
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NEW QUESTION # 29
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
- A. Customers
- B. Receivables configurations
- C. Banks, branches and bank accounts
- D. Suppliers
- E. Business Units
- F. Inventory items
Answer: A,E,F
NEW QUESTION # 30
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. Approve the OSSP by establishing it.
- B. Close the previous period.
- C. Review the calculated OSSP.
- D. Categorize standalone sales by performance obligation.
- E. Run the Calculate Observed Standalone Selling Prices program.
- F. Run Create Accounting.
Answer: D,E
NEW QUESTION # 31
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?
- A. the Displayed option
- B. the Query Required option
- C. the value sets
- D. whether Dynamic Combination Creation Allowed is enabled
- E. the shape: Same number of segments and order
Answer: D,E
NEW QUESTION # 32
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By searching
- B. By navigating from the Implementation Project
- C. By navigation to an offering's functional area
- D. By navigating from the Welcome Springboard
Answer: A,B,C
NEW QUESTION # 33
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. Tolerance ranges
- B. SSP Type
- C. Performance Obligation Template
- D. Pricing Dimension
- E. Item Identifier
- F. Reason
Answer: A,B,D
NEW QUESTION # 34
Which configuration component is Source Document Type NOT connected to?
- A. Performance Obligation Template
- B. Revenue Price Profile
- C. Revenue Management System Options
- D. Contract Identification Rules
- E. Performance Obligation Identification Rules
Answer: B
NEW QUESTION # 35
What does a Variable Consideration require?
- A. a disclosure be made to the shareholders
- B. that the consideration be monetary
- C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
- D. an estimate of the consideration be made at inception only
Answer: D
Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)
NEW QUESTION # 36
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?
- A. when the Type is Fixed or Variable
- B. when Context Values are populated
- C. when the Deferred Revenue box is checked
- D. when it is a business requirement
Answer: A
NEW QUESTION # 37
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
- A. Oracle Subledger Accounting
- B. Oracle Revenue Management Cloud
- C. Oracle Receivables
- D. Oracle General Ledger
Answer: A,B
NEW QUESTION # 38
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?
- A. Run the Revenue Management translation process.
- B. Provide currency conversion details in the Revenue Basis Data Import Template.
- C. Enter Conversion Rate Type in System Options.
- D. Select Conversion Rate Type in the Source Document Type setup.
- E. Enter exchange rate information in Standalone Selling Price Profile.
Answer: A,C
NEW QUESTION # 39
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. Freeze Period
- B. Default Classification
- C. Priority
- D. Source Document Type
Answer: C
NEW QUESTION # 40
Which is the following is NOT a feature of personalization
- A. Configuring table columns
- B. Changing text font
- C. Saving searches
- D. Selecting default language
Answer: B
NEW QUESTION # 41
The Customer Contract Source Data Import Template contains three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively.
What data Is captured In the "Customer Contract Source Document Sub Lines" tab (VRM_SOURCE_DOC_SUB_LINES table)?
- A. Sales order line level data.
- B. Sales order header level data.
- C. Performance obligation satisfaction event details.
- D. Sub contract level details.
Answer: C
NEW QUESTION # 42
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?
- A. The contract is missing standalone selling prices at the promised detail level or at obligation level.
- B. The total Transaction Price is over the user-defined threshold amount.
- C. The contract is missing satisfaction events.
- D. The contract is missing Billing data.
Answer: B
Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.
NEW QUESTION # 43
65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
- A. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- B. By defining a grouping rule on the customer class
- C. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- D. By defining an exclusion rule to exclude customer classes that are "Retail"
- E. By defining an item group and assigning that to the rule
Answer: C
NEW QUESTION # 44
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?
- A. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- B. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
- C. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
- D. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
Answer: A
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm
NEW QUESTION # 45
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 adhoc rule in the Revenue Price Profile to include the toaster.
- B. Ignore the performance obligation for the toaster because it was free of cost to the customer.
- C. Create the performance obligation for the toaster manually.
- D. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
Answer: D
NEW QUESTION # 46
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?
- A. Create revenue prices in the Euro currency.
- B. Populate exchange rates in Revenue Price Profile.
- C. Create source document types specifically for Euro documents.
- D. Populate Conversion Rate Type in System Options.
Answer: D
Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348
NEW QUESTION # 47
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Residual Allocation Method
- B. Inverted Allocation Method
- C. Alternative Allocation Method
- D. Relative Allocation Method
- E. Two Step Allocation Method
Answer: E
NEW QUESTION # 48
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. Unearned Revenue
- 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. your debt to customers for goods and services you are obliged to deliver to them by either party acting
Answer: D
NEW QUESTION # 49
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?
- A. Initial Performance
- B. Performance Obligation Satisfied
- C. Standalone Selling Prices Allocated
- D. Revenue Recognized
- E. Performance Obligation Billed
Answer: A,B,D
NEW QUESTION # 50
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You value the accrual at estimated consideration and it is a monetary debt.
- B. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- C. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- D. 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.
- E. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
Answer: D
NEW QUESTION # 51
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