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Free Oracle 1z0-1059-24 Practice Exam with Questions & Answers

Questions 1

Which is a term under ASC 606 or IFRS 15?

Options:
A.

transaction price

B.

promise detail

C.

initial performance event

D.

requires complete

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Questions 2

Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

Options:
A.

stand-alone selling price assigned to the promised detail line

B.

transaction price distributed to each performance obligation

C.

transaction price derived from the source system line import

D.

revenue recognized for each performance obligation

Questions 3

Why Is Satisfaction Method a key element of a Performance Obligation?

Options:
A.

because it determines whether revenue for a good or service is recognized Over Time or Point in Time

B.

because it calculates the amount of Total Transaction Price allocated to date

C.

because it calculates the percentage of Total Transaction Price allocated to date

D.

because it specifies whether revenue has been fully or partially recognized for a good or service

Questions 4

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?

Options:
A.

Performance Obligation Satisfied

B.

Performance Obligation Billed

C.

Initial Performance

D.

Revenue Recognized

E.

Standalone Selling Prices Allocated

Questions 5

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

Options:
A.

General Ledger account derivation based on predefined events

B.

centralized accounting solution

C.

General Ledger journal creation

D.

multiple accounting representations

E.

revaluation of assets and liabilities

F.

stand-alone selling price derivation

Questions 6

Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps areNOTpart of the steps to configure EBS for integration with Revenue Management Cloud?

Options:
A.

Apply appropriate patches to EBS.

B.

Run the Deploy System Options process.

C.

Set the Profile Option AR: Source System Value for Revenue Management.

D.

Map the EBS Chart of Accounts to the Cloud General Ledger.

E.

Set the System Options in EBS Receivables on the Revenue Management tab.

Questions 7

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

Options:
A.

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

B.

by calculating Total Transaction Price for contracts

C.

by only creating contracts that are source system specific

D.

by allowing manual allocation of Total Transaction Price across performance obligations

E.

by restricting users from excluding contract lines

F.

by grouping source document lines intro contracts for each identified customer

Questions 8

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:

1z0-1059-24 Question 8

How many performance obligations will be created In Revenue Management?

Options:
A.

6

B.

4

C.

5

D.

3

Questions 9

1z0-1059-24 Question 9

Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

Options:
A.

Revenue Management can only integrate to Fusion Receivables.

B.

You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

C.

You can choose which Transaction Sources in Fusion Receivables integrate to Revenue

Management.

D.

You can define date filters in order to consider only relevant data needed to comply with the

new revenue recognition standards.

Questions 10

Oracle Revenue Management is part of_____________________predefined offering.

Options:
A.

Enterprise Contracts

B.

Fusion Accounting Hub

C.

Incentive Compensation

D.

Financials

Exam Code: 1z0-1059-24
Certification Provider: Oracle
Exam Name: Oracle Revenue Management Cloud Service 2024 Implementation Professional
Last Update: Jul 10, 2025
Questions: 83

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