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Oracle 1Z0-1059-24 Exam Syllabus Topics:
Topic
Details
Topic 1
- Revenue Management Overview: This section of the exam measures the skills of Revenue Analysts and Financial Consultants in understanding key revenue principles, including the new revenue recognition guidance under ASC 606 and IFRS 15. It also covers the integration of Oracle Revenue Management with other financial systems to ensure seamless operations.
Topic 2
- Configuring and Managing Standalone Selling Prices: This domain tests the knowledge of Pricing Analysts and Revenue Managers in managing standalone selling prices and related configurations. It includes setting up pricing models and ensuring compliance with revenue recognition standards.
Topic 3
- Managing Revenue Contracts: This section measures the skills of Contract Managers and ERP Specialists in handling customer contracts, performance obligations, and contract maintenance. It also covers loading data into the application using FBDI templates, processing customer contract source documents, analyzing accounting entries, and navigating the Revenue Management user interface.
Topic 4
- Configuring Revenue Management: This section evaluates the expertise of Implementation Specialists and System Administrators in setting up the Oracle Revenue Management application. It focuses on configuring system parameters and ensuring that the application aligns with business requirements for effective revenue management.
Topic 5
- Using Revenue Management Reporting: This section evaluates the expertise of Business Intelligence Analysts and Reporting Specialists in creating OTBI reporting objects and understanding Oracle-delivered reports. It focuses on leveraging reporting tools to analyze revenue data and support decision-making processes.
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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q49-Q54):
NEW QUESTION # 49
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigating from the Implementation Project
- B. By navigating from the Welcome Springboard
- C. By navigation to an offering's functional area
- D. By searching
Answer: A,C,D
NEW QUESTION # 50
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
- A. your invoiced goods and services less those goods and services that you have not yet delivered
- B. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
- C. Unearned Revenue
- D. your debt to customers for goods and services you are obliged to deliver to them by either party acting
Answer: D
NEW QUESTION # 51
Which three statements about Effective Periods are true?
- A. You cannot have overlapping periods.
- B. Effective Periods are used for standalone selling prices and for creating journal entries.
- C. Gaps between periods are not allowed.
- D. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
- E. Effective Periods only define the rage where standalone selling prices of an item should be effective.
Answer: A,B,E
NEW QUESTION # 52
Which three statements about Effective Periods are true?
- A. You cannot have overlapping periods.
- B. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
- C. Effective Periods are used for standalone selling prices and for creating journal entries.
- D. Gaps between periods are not allowed.
- E. Effective Periods only define the rage where standalone selling prices of an item should be effective.
Answer: A,D,E
NEW QUESTION # 53
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?
- A. Pricing Dimension
- B. Reason
- C. SSP Type
- D. Tolerance ranges
- E. Performance Obligation Template
- F. Item Identifier
Answer: A,C,D
NEW QUESTION # 54
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