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Oracle Revenue Management Cloud Service 2026 Implementation Professional : 1Z0-1059-26
- Exam Code: 1Z0-1059-26
- Exam Name: Oracle Revenue Management Cloud Service 2026 Implementation Professional
- Updated: Oct 07, 2026
- Q & A: 85 Questions and Answers
About Oracle Revenue Management Cloud Service 2026 Implementation Professional : 1Z0-1059-26 Exam
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Oracle 1Z0-1059-26 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Oracle Revenue Management Cloud Service Overview | - Business use cases and industry applications - Core concepts of Revenue Management Cloud Service |
| System Configuration and Setup | - Initial setup and configuration options - Enterprise structures and accounting setup |
| Revenue Contracts and Performance Obligations | - Revenue allocation rules - Contract creation and management - Identification of performance obligations |
| Integration and Data Flow | - Integration with Oracle ERP Cloud - Source data ingestion and transformation |
| Reporting and Troubleshooting | - Error handling and reconciliation - Standard reporting capabilities |
| Revenue Recognition and Accounting Rules | - Revenue recognition models - Adjustments and reallocation scenarios - Standalone selling price allocation |
Oracle Revenue Management Cloud Service 2026 Implementation Professional Sample Questions:
Question #1
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Product Description
- B. Bill To Customer
- C. Quote Number
- D. Delivery Address
- E. Business Unit
- F. Ledger
Correct Answer: A,C,D 🗳️
Question #2
Which is a term under ASC 606 or IFRS 15?
- A. requires complete
- B. initial performance event
- C. transaction price
- D. promise detail
Correct Answer: C 🗳️
Question #3
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?
- A. Create a secondary ledger.
- B. Using their existing primary ledger.
- C. Create a reporting ledger.
- D. Create a new primary ledger.
Correct Answer: B 🗳️
Question #4
What is a contract modification?
- A. a revision or correction to the estimate of variable consideration made at inception
- B. a change to the contract caused by negotiation with the customer
- C. an increase or decrease in expected collectability
- D. a change (modification) to the contract data
Correct Answer: B 🗳️
Question #5
Why Is Satisfaction Method a key element of a Performance Obligation?
- A. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
- B. because it specifies whether revenue has been fully or partially recognized for a good or service
- C. because it calculates the amount of Total Transaction Price allocated to date
- D. because it calculates the percentage of Total Transaction Price allocated to date
Correct Answer: A 🗳️
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