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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
- 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
- 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 5
- 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.
Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q25-Q30):
NEW QUESTION # 25
What does the creation of an allocation allow you to determine?
- A. the ability not to revise previously reported revenue for revision, corrections, and other changes
- B. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
- D. the fair value of each performance obligation
Answer: D
Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm
NEW QUESTION # 26
Which three attributes are helpful in defining a Contract Identification Rule?
- A. Product Description
- B. Business Unit
- C. Ledger
- D. Delivery Address
- E. Quote Number
- F. Bill To Customer
Answer: A,D,E
NEW QUESTION # 27
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By searching
- B. By navigating from the Implementation Project
- C. By navigation to an offering's functional area
- D. By navigating from the Welcome Springboard
Answer: A,B,C
NEW QUESTION # 28
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 the Type is Fixed or Variable
- B. when Context Values are populated
- C. when it is a business requirement
- D. when the Deferred Revenue box is checked
Answer: A
NEW QUESTION # 29
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?
- A. by setting SM to "Requires Complete" and SMM to "Percent"
- B. by setting SM to "Requires Complete" and SMM to "Quantity"
- C. by setting SM to "Requires Complete" and SMM to "Period"
- D. by setting SM to "Allow Partial" and SMM to "Quantity"
- E. by setting SM to "Allow Partial" and SMM to "Period"
Answer: C
NEW QUESTION # 30
......
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