[Sep 26, 2025] ExamPrepAway 1Z0-1059-24 dumps & Oracle Cloud sure practice dumps [Q13-Q32]

[Sep 26, 2025] ExamPrepAway 1Z0-1059-24 dumps & Oracle Cloud sure practice dumps

Oracle 1Z0-1059-24 Actual Questions and Braindumps

Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Configuring Revenue Management: This section evaluates the expertise of Implementation Specialists and System Administrators in setting up the Oracle Revenue Management application. It focuses on configuring system parameters and ensuring that the application aligns with business requirements for effective revenue management.
Topic 2	Using Revenue Management Reporting: This section evaluates the expertise of Business Intelligence Analysts and Reporting Specialists in creating OTBI reporting objects and understanding Oracle-delivered reports. It focuses on leveraging reporting tools to analyze revenue data and support decision-making processes.
Topic 3	Revenue Management Overview: This section of the exam measures the skills of Revenue Analysts and Financial Consultants in understanding key revenue principles, including the new revenue recognition guidance under ASC 606 and IFRS 15. It also covers the integration of Oracle Revenue Management with other financial systems to ensure seamless operations.
Topic 4	Managing Revenue Contracts: This section measures the skills of Contract Managers and ERP Specialists in handling customer contracts, performance obligations, and contract maintenance. It also covers loading data into the application using FBDI templates, processing customer contract source documents, analyzing accounting entries, and navigating the Revenue Management user interface.
Topic 5	Configuring and Managing Standalone Selling Prices: This domain tests the knowledge of Pricing Analysts and Revenue Managers in managing standalone selling prices and related configurations. It includes setting up pricing models and ensuring compliance with revenue recognition standards.

 

NEW QUESTION # 13
Which method is used to allocate total transaction price across performance obligations in Revenue Management?

• A. Relative Allocation Method
• B. Inverted Allocation Method
• C. Two Step Allocation Method
• D. Alternative Allocation Method
• E. Residual Allocation Method

Answer: C

NEW QUESTION # 14
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?

• A. Reverse line
• B. Reject contract
• C. Void contract
• D. Reject line
• E. Preserve contract

Answer: B,D

Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm

NEW QUESTION # 15
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

• A. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
• B. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
• C. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
• D. You value the accrual at estimated consideration and it is a monetary debt.
• E. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

Answer: B

NEW QUESTION # 16
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?

• A. Identify Customer Contract Based on Source Document Line
• B. Identify Customer Contract Based on Source System
• C. Identify Customer Contract Based on Party
• D. Identify Customer Contract Based on Source Document

Answer: D

NEW QUESTION # 17
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?

• A. Revenue Recognized
• B. Initial Performance
• C. Performance Obligation Satisfied
• D. Performance Obligation Billed
• E. Standalone Selling Prices Allocated

Answer: A,B,C

NEW QUESTION # 18
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

• A. by setting SM to "Requires Complete" and SMM to "Quantity"
• B. by setting SM to "Requires Complete" and SMM to "Period"
• C. by setting SM to "Requires Complete" and SMM to "Percent"
• D. by setting SM to "Allow Partial" and SMM to "Period"
• E. by setting SM to "Allow Partial" and SMM to "Quantity"

Answer: B

NEW QUESTION # 19
Which is NOT a Price Band Type?

• A. Quantity Band
• B. Percentage Band
• C. Amount Band
• D. Set Band

Answer: B

NEW QUESTION # 20
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?

• A. 0
• B. 1
• C. 2
• D. 3

Answer: A

NEW QUESTION # 21
What does a Variable Consideration require?

• A. a disclosure be made to the shareholders
• B. that the consideration be monetary
• C. an estimate of the consideration be made at inception only
• D. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized

Answer: C

Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)

NEW QUESTION # 22
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

• A. Receivables configurations
• B. Customers
• C. Business Units
• D. Suppliers
• E. Inventory items
• F. Banks, branches and bank accounts

Answer: B,C,E

NEW QUESTION # 23
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

• A. revenue recognized for each performance obligation
• B. stand-alone selling price assigned to the promised detail line
• C. transaction price distributed to each performance obligation
• D. transaction price derived from the source system line import

Answer: C

NEW QUESTION # 24
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?

• A. Pricing Dimension
• B. Performance Obligation Template
• C. Reason
• D. SSP Type
• E. Item Identifier
• F. Tolerance ranges

Answer: A,D,F

NEW QUESTION # 25
Which is a term under ASC 606 or IFRS 15?

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

Answer: C

NEW QUESTION # 26
Oracle Revenue Management is part of_____________________predefined offering.

• A. Enterprise Contracts
• B. Incentive Compensation
• C. Financials
• D. Fusion Accounting Hub

Answer: C

NEW QUESTION # 27
Which setup component Is NOT connected to a Revenue Price Profile?

• A. Contract Identification Rules
• B. Items
• C. Pricing Dimension Segments
• D. Source Document Types

Answer: D

NEW QUESTION # 28
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

• A. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
• B. It tracks the difference in a Write-off Allocation Account at the contract level.
• C. It tracks the difference In a Discount Allocation Account at the contract level.
• D. It tracks the difference in a Discount Allocation Account at the contract line level.

Answer: D

NEW QUESTION # 29
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?

• A. Run the Calculate Observed Standalone Selling Prices program to derive prices.
• B. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
• C. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
• D. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.

Answer: A

Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm

NEW QUESTION # 30
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

• A. Contract Revenue
• B. Contract Expense
• C. Contract Clearing
• D. Contract Asset
• E. Contract Liability
• F. Contract Price Variance

Answer: B

NEW QUESTION # 31
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 shape: Same number of segments and order
• B. the Displayed option
• C. the Query Required option
• D. whether Dynamic Combination Creation Allowed is enabled
• E. the value sets

Answer: A,D

NEW QUESTION # 32
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