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Oracle 1Z0-1059-24 Exam Success | 1Z0-1059-24 Valid Dumps Sheet

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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 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 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 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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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q23-Q28):

NEW QUESTION # 23
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

A. Create a reporting ledger.
B. Create a secondary ledger.
C. Create a new primary ledger.
D. Using their existing primary ledger.

Answer: D

NEW QUESTION # 24
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

A. Oracle General Ledger
B. Oracle Revenue Management Cloud
C. Oracle Subledger Accounting
D. Oracle Receivables

Answer: B,C

NEW QUESTION # 25
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 consultant is deployed to assist customer on 10-Sep-2017
B. when the sales order Is booked on 14-Sep-2017
C. when an invoice is issued on 20-Sep-2017
D. when the product is shipped on 15-Sep-2017

Answer: A

NEW QUESTION # 26
A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?

A. a pricing dimension structure
B. the source document types
C. pricing bands
D. a pricing dimension structure instance

Answer: C

NEW QUESTION # 27
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
B. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
C. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
D. You value the accrual at estimated consideration and it is a monetary debt.
E. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.

Answer: E

NEW QUESTION # 28
......

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