Oracle Revenue Management Cloud Service 2026 Implementation Professional

QUESTION NO: 1
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

A. by calculating Total Transaction Price for contracts B. by restricting users from excluding contract lines C. by identifying and creating one or more performance obligations for a given accounting contract D. by grouping source document lines intro contracts for each identified customer E. by only creating contracts that are source system specific F. by allowing manual allocation of Total Transaction Price across performance obligations

Correct Answer: D,E,F

QUESTION NO: 2
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

A. when a pricing dimension structure is enabled for pricing bands B. when a value set segment label of Set Band is used C. when a source document type is enabled to use pricing bands D. when a pricing dimension structure Instance Is enabled for pricing bands

Correct Answer: A

QUESTION NO: 3
Which is a term under ASC 606 or IFRS 15?

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

Correct Answer: B

QUESTION NO: 4
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. 6 B. 3 C. 5 D. 4

Correct Answer: B

QUESTION NO: 5
Which three attributes are helpful in defining a Contract Identification Rule?

A. Business Unit B. Bill To Customer C. Product Description D. Quote Number E. Delivery Address F. Ledger

Correct Answer: C,D,E

QUESTION NO: 6
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

A. Estimated Standalone Selling Prices B. Observed Standalone Selling Prices C. Items D. Pricing Dimension Assignment E. SSP Tolerance Usage

Correct Answer: A,B,D

QUESTION NO: 7
How can you access an implementation task in Functional Setup Manager. (choose 3)

A. By navigating from the Welcome Springboard B. By searching C. By navigation to an offering's functional area D. By navigating from the Implementation Project

Correct Answer: B,C,D

QUESTION NO: 8
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?

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

Correct Answer: B,E

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QUESTION NO: 9
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

A. Create revenue prices in the Euro currency. B. Populate exchange rates in Revenue Price Profile. C. Populate Conversion Rate Type in System Options. D. Create source document types specifically for Euro documents.

Correct Answer: C

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Oracle Revenue Management Cloud Service 2026 Implementation Professional - 1Z0-1059-26 Exam Questions