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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 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	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 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 (Q19-Q24):

NEW QUESTION # 19
Which two settings are related to the "Invalid Line Handling" Revenue Management System Option?

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

Answer: B,C

Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-wn.htm

NEW QUESTION # 20
A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?

A. Business Intelligence Publisher
B. Oracle Transactional Business Intelligence
C. Reporting Studio
D. Smart View

Answer: A

NEW QUESTION # 21
Why are Source Document Type Codes required when defining Source Document Types?

A. Because they provide uniqueness to the Source Document Types.
B. Because they are needed for integration with Product Management.
C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
D. Because they are Revenue Management Descriptive Flexfields.

Answer: B

NEW QUESTION # 22
Why Is Satisfaction Method a key element of a Performance Obligation?

A. because it specifies whether revenue has been fully or partially recognized for a good or service
B. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
C. because it calculates the amount of Total Transaction Price allocated to date
D. because it calculates the percentage of Total Transaction Price allocated to date

Answer: B

NEW QUESTION # 23
Which configuration component is Source Document Type NOT connected to?

A. Performance Obligation Identification Rules
B. Revenue Price Profile
C. Contract Identification Rules
D. Revenue Management System Options
E. Performance Obligation Template

Answer: B

NEW QUESTION # 24
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Oracle 1Z0-1059-24 Reliable Exam Voucher - 1Z0-1059-24 Reliable Test Duration

Oracle 1Z0-1059-24 Exam Syllabus Topics:

1Z0-1059-24 Reliable Test Duration - Mock 1Z0-1059-24 Exams

Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q19-Q24):

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