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Oracle 1Z0-1059-24 Valid Exam Pattern & 1Z0-1059-24 Regualer Update

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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

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

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 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 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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q82-Q87):

NEW QUESTION # 82
What is a Performance Obligation?

A. a promise to a customer on which either party has acted
B. a promise to a customer
C. a product code or SKU
D. a combination of customer type and product code

Answer: B

Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2456627

NEW QUESTION # 83
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

How many performance obligations will be created In Revenue Management?

A. 0
B. 1
C. 2
D. 3

Answer: C

NEW QUESTION # 84
Which is NOT a Price Band Type?

A. Quantity Band
B. Percentage Band
C. Amount Band
D. Set Band

Answer: B

NEW QUESTION # 85
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

A. Pricing Dimension Assignment
B. Estimated Standalone Selling Prices
C. SSP Tolerance Usage
D. Observed Standalone Selling Prices
E. Items

Answer: A,B,D

NEW QUESTION # 86
Which is the following is NOT a feature of personalization

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

Answer: A

NEW QUESTION # 87
......

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