Free Oracle 1Z0-1059-25 Exam Questions

Become Oracle Certified with updated 1Z0-1059-25 exam questions and correct answers

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Total 84 Questions | Updated On: May 01, 2025

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Question 1

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 : HTML

B : PowerPoint

C : Flat File

D : PDF

Answer: C

Question 2

Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

A : require complete

B : allow partial

C : allow complete

D : require partial

Answer: A,B

Question 3

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 : allocates the SSP to various performance obligations

D : recognizes revenue if any satisfaction events exist

E : creates customer contracts and performance obligations

Answer: B

Question 4

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

A : 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

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

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

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

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

Answer: A

Question 5

A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the

free toaster is not captured in any upstream application.

How should you handle this scenario In Revenue Management?

A : Ignore the performance obligation for the toaster because it was free of cost to the customer.

B : Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

C : Create the performance obligation for the toaster manually.

D : Define an adhoc rule in the Revenue Price Profile to include the toaster.

Answer: B

Page: 1 / 17

Total 84 Questions | Updated On: May 01, 2025

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