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Oracle 1Z0-1059-22 Exam

Certification Provider: Oracle
Exam Name: Oracle Revenue Management Cloud Service 2022 Implementation Professional
Duration: 90 Minutes
Number of questions in our database: 84
Exam Version: Nov. 24, 2022
1Z0-1059-22 Exam Official Topics:
  • Topic 1: Describe Revenue Management Integration Requirements/ Explain how to create OTBI reporting objects
  • Topic 2: Standalone Selling Price and Related Configurations/ Analyze Accounting in Revenue Management
  • Topic 3: Explain Contracts, Performance Obligations and Contract Maintenance/ Revenue Management Overview
  • Topic 4: Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)
  • Topic 5: Configure and Manage Standalone Selling Prices/ Describe The Revenue Management User Interface
  • Topic 6: Configure The Revenue Management Application/ Process Customer Contract Source Documents

Free Oracle 1Z0-1059-22 Exam Actual Questions

The questions for 1Z0-1059-22 were last updated On Nov. 24, 2022

Question #1

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

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Correct Answer: C, D

Question #2

The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.

What would cause a contract to be In the Pending Review tab?

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Correct Answer: A

Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.

Question #3

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

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Correct Answer: A

Question #4

Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

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Correct Answer: B, D

Question #5

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?

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Correct Answer: C

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