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Oracle 1Z0-1059-26 Exam Syllabus Topics:

Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions:

1. Which is a term under ASC 606 or IFRS 15?

A) requires complete
B) initial performance event
C) transaction price
D) promise detail

2. Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

A) These accounts are optional in Revenue Management.
B) These accounts are not relevant to Revenue Management.
C) If nonexistent, these accounts need to be added to the chart of accounts.
D) If nonexistent, these accounts are added automatically to the chart of accounts.

3. Which three statements about Effective Periods are true?

A) Effective Periods only define the rage where standalone selling prices of an item should be effective.
B) Gaps between periods are not allowed.
C) You cannot have overlapping periods.
D) If effective periods are not defined, Revenue Management uses the General Ledger calendar.
E) Effective Periods are used for standalone selling prices and for creating journal entries.

4. Which three tasks can be performed In the Revenue Management Work Area?

A) Manage contracts in "Pending Review" status.
B) Review Performance Satisfaction Plans.
C) Edit Contract Identification Rules.
D) Review Revenue Price Profiles.
E) Manage contracts in "Pending Allocation" status.
F) Review Observed Standalone Selling Prices.

5. 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) 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
C) your debt to customers for goods and services you are obliged to deliver to them by either party acting
D) Unearned Revenue

Solutions: