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: Dec 16, 2025

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Question 1

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.

Which two options are available In Revenue Management to convert transaction amounts to the USD

currency?

A : Select Conversion Rate Type in the Source Document Type setup.

B : Run the Revenue Management translation process.

C : Enter Conversion Rate Type in System Options.

D : Provide currency conversion details in the Revenue Basis Data Import Template.

E : Enter exchange rate information in Standalone Selling Price Profile.

Answer: B,C

Question 2

You define a Contract Identification Rule that uses the following source document attributes to match

transaction lines:

Bill-to Customer Party Identifier

Extensible Header Character Attribute 4

Based the data displayed:

How many contracts will be created In Revenue Management?

A : 3

B : 1

C : 5

D : 0

E : 4

Answer: A

Question 3

After analyzing sales documents for your organization, you conclude that it will be appropriate to group

transaction lines by customer to create contracts In Revenue Management.

Which predefined Contract Identification Rule can be used in this case?

A : Identify Customer Contract Based on Party

B : Identify Customer Contract Based on Source Document Line

C : Identify Customer Contract Based on Source Document

D : Identify Customer Contract Based on Source System

Answer: C

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

Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

A : Contract Asset

B : Contract Price Variance

C : Contract Liability

D : Contract Revenue

E : Contract Expense

F : Contract Clearing

Answer: A

Page: 1 / 17

Total 84 Questions | Updated On: Dec 16, 2025

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