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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 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	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.

Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q22-Q27):

NEW QUESTION # 22
At which level does Oracle Revenue management perform accounting?

A. Contract level
B. Performance obligation level
C. Legal entity level

Answer: B

NEW QUESTION # 23
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

A. Contract Expense
B. Contract Asset
C. Contract Liability
D. Contract Price Variance
E. Contract Clearing
F. Contract Revenue

Answer: A

NEW QUESTION # 24
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?

A. Identify Customer Contract Based on Party
B. Identify Customer Contract Based on Source Document Line
C. Identify Customer Contract Based on Source Document
D. Identify Customer Contract Based on Source System

Answer: C

NEW QUESTION # 25
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?

A. It tracks the difference in a Write-off Allocation Account at the contract level.
B. It tracks the difference in a Discount Allocation Account at the contract line level.
C. It tracks the difference In a Discount Allocation Account at the contract level.
D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.

Answer: B

NEW QUESTION # 26
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 Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
B. Define an adhoc rule in the Revenue Price Profile to include the toaster.
C. Ignore the performance obligation for the toaster because it was free of cost to the customer.
D. Create the performance obligation for the toaster manually.

Answer: A

NEW QUESTION # 27
......

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1Z0-1059-24 New Braindumps Ebook 100% Pass | Reliable 1Z0-1059-24: Oracle Revenue Management Cloud Service 2024 Implementation Professional 100% Pass

Oracle Revenue Management Cloud Service 2024 Implementation Professional practice certkingdom dumps & 1Z0-1059-24 pdf training torrent

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