Ultimate Guide to Prepare 1Z0-1059-24 with Accurate PDF Questions [Feb 10, 2026]
Pass Oracle With PassCollection Exam Dumps
Oracle 1Z0-1059-24 Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
NEW QUESTION # 31
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
- A. If nonexistent, these accounts need to be added to the chart of accounts.
- B. These accounts are optional in Revenue Management.
- C. These accounts are not relevant to Revenue Management.
- D. If nonexistent, these accounts are added automatically to the chart of accounts.
Answer: D
NEW QUESTION # 32
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?
- A. when the Satisfaction Measurement Model Is set to Percentage
- B. when the Satisfaction Measurement Model is set to Quantity
- C. when the Satisfaction Measurement Model is set to Period
- D. when the Satisfaction Measurement Model is set to Amount
Answer: C
NEW QUESTION # 33
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?
- A. Reject contract
- B. Void contract
- C. Preserve contract
- D. Reverse line
- E. Reject line
Answer: A,E
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm
NEW QUESTION # 34
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Revenue and performance obligation liabilities are not dependent on billing.
- B. Expected consideration value is applicable to all industries.
- C. Pricing estimates cannot be used In the absence of pricing data.
- D. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
Answer: B,C
NEW QUESTION # 35
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......
What is the difference between Selling Amount and Allocated Amount?
- A. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
- B. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
- C. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
- D. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
Answer: D
NEW QUESTION # 36
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)
- A. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- B. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
- C. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
- D. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- E. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
Answer: C,D
NEW QUESTION # 37
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?
- A. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
- B. Delete the source data that was imported into Revenue Management and import new source data.
- C. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.
- E. Delete Contracts from the Manage Customer Contracts Ul.
Answer: A
NEW QUESTION # 38
Which is a term under ASC 606 or IFRS 15?
- A. promise detail
- B. transaction price
- C. initial performance event
- D. requires complete
Answer: B
NEW QUESTION # 39
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 Discount Allocation Account at the contract 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 line level.
- D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
Answer: C
NEW QUESTION # 40
Which is NOT a Price Band Type?
- A. Quantity Band
- B. Percentage Band
- C. Amount Band
- D. Set Band
Answer: B
NEW QUESTION # 41
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?
- A. Freeze Period
- B. Source Document Type
- C. Priority
- D. Default Classification
Answer: C
NEW QUESTION # 42
Which, when transferred to a customer, allows you to recognize revenue?
- A. promise detail
- B. an invoice
- C. a performance obligation
- D. a shipment
Answer: C
NEW QUESTION # 43
Which three tasks can be performed In the Revenue Management Work Area?
- A. Review Observed Standalone Selling Prices.
- B. Edit Contract Identification Rules.
- C. Review Performance Satisfaction Plans.
- D. Review Revenue Price Profiles.
- E. Manage contracts in "Pending Allocation" status.
- F. Manage contracts in "Pending Review" status.
Answer: A,E,F
NEW QUESTION # 44
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?
- A. Customer Contract Source Data Import
- B. Customer Sales Source Data Import
- C. Customer Contract Source Documents Import
- D. Customer Sales Data Source Documents Import
Answer: A
NEW QUESTION # 45
Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?
- A. 50 User Extensible Fields
- B. 90 User Extensible Fields
- C. 10 User Extensible Fields
- D. 60 User Extensible Fields
Answer: C
NEW QUESTION # 46
A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?
- A. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
- B. Run the Calculate Observed Standalone Selling Prices program to derive prices.
- C. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.
- D. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
- E. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
- F. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
Answer: B,D
NEW QUESTION # 47
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 a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- B. 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
- C. By defining an item group and assigning that to the rule
- D. By defining an exclusion rule to exclude customer classes that are "Retail"
- E. By defining a grouping rule on the customer class
Answer: A
NEW QUESTION # 48
......
Latest 1Z0-1059-24 Exam Dumps - Valid and Updated Dumps: https://www.passcollection.com/1Z0-1059-24_real-exams.html
Fully Updated 1Z0-1059-24 Dumps - 100% Same Q&A In Your Real Exam: https://drive.google.com/open?id=1nF1StaiRdj-ika7xXiU5f_KUz3N1UvkZ
