Oracle 1Z0-1059-24 Desktop Practice Exam Software

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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	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 5	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.

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1Z0-1059-24 Preparation Materials and Study Guide: Oracle Revenue Management Cloud Service 2024 Implementation Professional - PDFTorrent

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?

A. Subset
B. Format Only
C. Table
D. Independent
E. Dependent

Answer: B

NEW QUESTION # 51
Which, when transferred to a customer, allows you to recognize revenue?

A. promise detail
B. a shipment
C. a performance obligation
D. an invoice

Answer: C

NEW QUESTION # 52
Which configuration component is Source Document Type NOT connected to?

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

Answer: E

NEW QUESTION # 53
In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?

A. Run Create Accounting.
B. Review the calculated OSSP.
C. Approve the OSSP by establishing it.
D. Categorize standalone sales by performance obligation.
E. Close the previous period.
F. Run the Calculate Observed Standalone Selling Prices program.

Answer: D,F

NEW QUESTION # 54
What is a contract modification?

A. a change (modification) to the contract data
B. a revision or correction to the estimate of variable consideration made at inception
C. a change to the contract caused by negotiation with the customer
D. an increase or decrease in expected collectability

Answer: C

NEW QUESTION # 55
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