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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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.

Topic 2

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 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 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 5

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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q40-Q45):

NEW QUESTION # 40
Given your organization's Interactions with one of Its customers:
A consultant is deployed to assist customer on 10-Sep-2017.
A Sales order is booked on 14-Sep-2017.
The Product is shipped on 15-Sep-2017.
An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

A. when the product is shipped on 15-Sep-2017
B. when the sales order Is booked on 14-Sep-2017
C. when an invoice is issued on 20-Sep-2017
D. when the consultant is deployed to assist customer on 10-Sep-2017

Answer: D

NEW QUESTION # 41
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

A. when Context Values are populated
B. when it is a business requirement
C. when the Deferred Revenue box is checked
D. when the Type is Fixed or Variable

Answer: D

NEW QUESTION # 42
Which statement Is True regarding the Customer Contract Source Data Import Template?

A. It is a predefined Java FBDI template.
B. It is a predefined Excel FBDI template.
C. It is a custom template that you are required to build.
D. It Is a predefined HTML FBDI template.

Answer: B

NEW QUESTION # 43
Which is NOT a predefined Accounting Class for Revenue Management?

A. Contract Discount
B. Contract Liability
C. Contract Asset
D. Contract Unearned Revenue

Answer: D

NEW QUESTION # 44
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

A. Initial Performance
B. Standalone Selling Prices Allocated
C. Performance Obligation Billed
D. Performance Obligation Satisfied
E. Revenue Recognized

Answer: A,D,E

NEW QUESTION # 45
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