[Q46-Q63] Pass Oracle 1Z0-1059-26 Exam in First Attempt Guaranteed [Oct-2026]

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Pass Oracle 1Z0-1059-26 Exam in First Attempt Guaranteed [Oct-2026]

Exam Sure Pass Oracle Certification with 1Z0-1059-26 exam questions

Oracle 1Z0-1059-26 Exam Syllabus Topics:

Section	Weight	Objectives
Revenue Reporting and Analytics	22%	– Build analyses, dashboards, and infolets for revenue data – Monitor and reconcile revenue balances and accounting data – Generate standard and custom revenue reports – Use Oracle Transactional Business Intelligence (OTBI) for revenue reporting
Revenue Management Implementation and Setup	28%	– Define system options, parameters, and reference data – Configure integration with Oracle Financials Cloud and other modules – Set up standalone pricing and pricing dimension structures – Configure Revenue Management application components
Revenue Recognition and Accounting Rules	26%	– Understand and apply ASC 606 / IFRS 15 standards – Configure accounting configurations, journal entries, and accounting methods – Define and manage revenue recognition rules and schedules – Manage allocation and measurement of transaction prices
Revenue Contracts and Performance Obligations	24%	– Handle contract assets, liabilities, and billing events – Allocate transaction price to performance obligations – Identify and define performance obligations and distinct goods/services – Create and manage revenue contracts and contract modifications

Q46. How many tabs does the Customer Contract Source Data Import Template have?

four tabs that store data for the

three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively

two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively

one tab that stores data for the VRM_SOURCE_DOCUMENTS table

You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables–one parent table and two child tables–to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details

Q47. Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

Contract Asset

Contract Price Variance

Contract Liability

Contract Revenue

Contract Expense

Contract Clearing

Q48. What does the creation of an allocation allow you to determine?

the ability not to revise previously reported revenue for revision, corrections, and other changes

the fair value of each performance obligation

the maximum amount of revenue you can recognize soonest, postponing the minimum until later

an allocation of the expected consideration over the performance obligations as if you had sold them separately

https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm

Q49. Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?

General Ledger account derivation based on predefined events

centralized accounting solution

General Ledger journal creation

multiple accounting representations

revaluation of assets and liabilities

stand-alone selling price derivation

Q50. Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

Observed Standalone Selling Prices

Estimated Standalone Selling Prices

Pricing Dimension Assignment

SSP Tolerance Usage

Items

Q51. Which three tasks are associated with defining a Pricing Dimension Structure?

Define up to 30 segments and name them.

Define up to 20 segments and name them.

Analyze pricing policies across products and services.

Create multiple instances for a given Pricing Dimension Structure.

Include user friendly prompts for each segment.

Assign required segment labels to each segment.

Q52. What is a contract modification?

a change to the contract caused by negotiation with the customer

a revision or correction to the estimate of variable consideration made at inception

a change (modification) to the contract data

an increase or decrease in expected collectability

Q53. Which is NOT a predefined Accounting Class for Revenue Management?

Contract Discount

Contract Liability

Contract Unearned Revenue

Contract Asset

Q54. Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

These accounts are optional in Revenue Management.

If nonexistent, these accounts need to be added to the chart of accounts.

If nonexistent, these accounts are added automatically to the chart of accounts.

These accounts are not relevant to Revenue Management.

Q55. You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

How many performance obligations will be created In Revenue Management?

Q56. Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

your invoiced goods and services less those goods and services that you have not yet delivered

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

Unearned Revenue

your debt to customers for goods and services you are obliged to deliver to them by either party acting

Q57. 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?

Performance Obligation Satisfied

Performance Obligation Billed

Initial Performance

Revenue Recognized

Standalone Selling Prices Allocated

Q58. Oracle Revenue Management is part of_____________________predefined offering.

Enterprise Contracts

Fusion Accounting Hub

Incentive Compensation

Financials

Q59. 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?

Freeze Period

Default Classification

Source Document Type

Priority

Q60. Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

when a pricing dimension structure is enabled for pricing bands

when a source document type is enabled to use pricing bands

when a pricing dimension structure Instance Is enabled for pricing bands

when a value set segment label of Set Band is used

Q61. In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

It tracks the difference in a Discount Allocation Account at the contract line level.

It tracks the difference in a Write-off Allocation Account at the contract level.

It tracks the difference In a Discount Allocation Account at the contract level.

It Tracks the difference in a Write-Off Allocation Account at the contract line level.

Q62. Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

allocates the SSP to various satisfaction events

creates the accounting for the stages in the process

allocates the SSP to various performance obligations

recognizes revenue if any satisfaction events exist

creates customer contracts and performance obligations

Q63. Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

by identifying and creating one or more performance obligations for a given accounting contract

by calculating Total Transaction Price for contracts

by only creating contracts that are source system specific

by allowing manual allocation of Total Transaction Price across performance obligations

by restricting users from excluding contract lines

by grouping source document lines intro contracts for each identified customer

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