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Oracle 1Z0-1059-26 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Revenue Recognition and Accounting Rules | 26% | - Define and manage revenue recognition rules and schedules - Understand and apply ASC 606 / IFRS 15 standards - Configure accounting configurations, journal entries, and accounting methods - Manage allocation and measurement of transaction prices |
| Topic 2: Revenue Management Implementation and Setup | 28% | - Configure integration with Oracle Financials Cloud and other modules - Define system options, parameters, and reference data - Set up standalone pricing and pricing dimension structures - Configure Revenue Management application components |
| Topic 3: Revenue Contracts and Performance Obligations | 24% | - Allocate transaction price to performance obligations - Handle contract assets, liabilities, and billing events - Identify and define performance obligations and distinct goods/services - Create and manage revenue contracts and contract modifications |
| Topic 4: Revenue Reporting and Analytics | 22% | - Generate standard and custom revenue reports - Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting - Monitor and reconcile revenue balances and accounting data - Build analyses, dashboards, and infolets for revenue data |
Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions:
Question 1
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
Question 2
What is a Performance Obligation?
A. a promise to a customer
B. a combination of customer type and product code
C. a promise to a customer on which either party has acted
D. a product code or SKU
Question 3
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
A. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
B. Revenue and performance obligation liabilities are not dependent on billing.
C. Pricing estimates cannot be used In the absence of pricing data.
D. Expected consideration value is applicable to all industries.
Question 4
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. whether Dynamic Combination Creation Allowed is enabled
C. the shape: Same number of segments and order
D. the value sets
E. the Query Required option
Question 5
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
A. Oracle Subledger Accounting
B. Oracle General Ledger
C. Oracle Receivables
D. Oracle Revenue Management Cloud
Solutions:
| Question 1 Answer: C | Question 2 Answer: A | Question 3 Answer: C,D | Question 4 Answer: B,C | Question 5 Answer: A,D |
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