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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 2

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 3

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 4

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 5

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.

Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q32-Q37):

NEW QUESTION # 32
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 sales order Is booked on 14-Sep-2017
B. when an invoice is issued on 20-Sep-2017
C. when the consultant is deployed to assist customer on 10-Sep-2017
D. when the product is shipped on 15-Sep-2017

Answer: C

NEW QUESTION # 33
Why Is Satisfaction Method a key element of a Performance Obligation?

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

Answer: C

NEW QUESTION # 34
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

A. These accounts are not relevant to Revenue Management.
B. If nonexistent, these accounts are added automatically to the chart of accounts.
C. These accounts are optional in Revenue Management.
D. If nonexistent, these accounts need to be added to the chart of accounts.

Answer: B

NEW QUESTION # 35
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?

A. centralized accounting solution
B. General Ledger account derivation based on predefined events
C. multiple accounting representations
D. revaluation of assets and liabilities
E. General Ledger journal creation
F. stand-alone selling price derivation

Answer: C,D,E

NEW QUESTION # 36
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?

A. Default Classification
B. Freeze Period
C. Source Document Type
D. Priority

Answer: D

NEW QUESTION # 37
......

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