Oracle 1Z1-1059 Actual Free Exam Questions & Community Discussion

Exam Code/Number: 1Z1-1059
Exam Name/Title: Oracle Revenue Management Cloud 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Fusion Revenue Management Cloud Service

Exam Questions: 75
Updated On: Jul 10, 2026

Question #25

What is a Standalone Selling Price (SSP)?

A. the sum of the SSPs of the components

B. the list price

C. the price you would use if you sold to a customer separately

D. the average of your bundled price

Discussion 0

Correct Answer: C Vote an answer

Question #26

Which is NOT a required piece of information when importing contract header Information from a source file?

A. Source Document Unique Identifier Number 1

B. Record Type

C. Date of Source Document

D. Source System

E. Source Document Type code

F. Currency code of source document

Discussion 0

Correct Answer: A Vote an answer

Question #27

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

A. allocates the SSP to various satisfaction events

B. creates the accounting for the stages in the process

C. creates customer contracts and performance obligations

D. recognizes revenue if any satisfaction events exist

E. allocates the SSP to various performance obligations

Discussion 0

Correct Answer: B Vote an answer

Question #28

Why are Source Document Type Codes required when defining Source Document Types?

A. Because they are needed for integration with Product Management.

B. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.

C. Because they are Revenue Management Descriptive Flexfields.

D. Because they provide uniqueness to the Source Document Types.

Discussion 0

Correct Answer: A Vote an answer

Question #29

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

A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

B. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

C. You value the accrual at estimated consideration and it is a monetary debt.

D. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

E. 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.

Discussion 0

Correct Answer: E Vote an answer

Question #30

65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. By defining an item group and assigning that to the rule

B. By defining a grouping rule on the customer class

C. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute

D. By defining an exclusion rule to exclude customer classes that are "Retail"

E. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute

Discussion 0

Correct Answer: E Vote an answer

Question #31

The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?

A. Flat File

B. HTML

C. PDF

D. PowerPoint

Discussion 0

Correct Answer: A Vote an answer

Question #32

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

A. 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

B. Unearned Revenue

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

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

Discussion 0

Correct Answer: D Vote an answer

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