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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

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 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

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 (Q83-Q88):

NEW QUESTION # 83
Which is the following is NOT a feature of personalization

A. Configuring table columns
B. Saving searches
C. Selecting default language
D. Changing text font

Answer: D

NEW QUESTION # 84
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?

A. Define an adhoc rule in the Revenue Price Profile to include the toaster.
B. Ignore the performance obligation for the toaster because it was free of cost to the customer.
C. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
D. Create the performance obligation for the toaster manually.

Answer: C

NEW QUESTION # 85
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......

What is the difference between Selling Amount and Allocated Amount?

A. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
B. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
C. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
D. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.

Answer: C

NEW QUESTION # 86
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?

A. The total Transaction Price is over the user-defined threshold amount.
B. The contract is missing satisfaction events.
C. The contract is missing Billing data.
D. The contract is missing standalone selling prices at the promised detail level or at obligation level.

Answer: A

Explanation:
Accounting contracts with a total transaction price that is greater than the user-defined threshold amount you defined in your system options. Contracts in this list are significant value contracts.

NEW QUESTION # 87
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 calculates the percentage of Total Transaction Price allocated to date
D. because it determines whether revenue for a good or service is recognized Over Time or Point in Time

Answer: D

NEW QUESTION # 88
......

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