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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	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 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	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 5	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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q62-Q67):

NEW QUESTION # 62
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 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.
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 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.

Answer: C

NEW QUESTION # 63
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

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

Answer: B,D

NEW QUESTION # 64
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. Review the calculated OSSP.
B. Run Create Accounting.
C. Close the previous period.
D. Categorize standalone sales by performance obligation.
E. Run the Calculate Observed Standalone Selling Prices program.
F. Approve the OSSP by establishing it.

Answer: D,E

NEW QUESTION # 65
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C.
You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?

A. Freeze Period
B. Source Document Type
C. Default Classification
D. Priority

Answer: D

NEW QUESTION # 66
Which two are intended uses for the Standalone Selling Price Report Dashboard?

A. Drill down to data used to derive standalone selling prices.
B. Monitor transaction price calculation and allocation.
C. Analyze standalone selling prices for one or multiple effective periods.
D. Diagnose revenue price profile.
E. Review performance obligations by effective period.

Answer: C,D

NEW QUESTION # 67
......

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Oracle 1Z0-1059-24 Practice Test Software Gives an Exact Impression of the Real Exam

Oracle 1Z0-1059-24 Exam Syllabus Topics:

Certification 1Z0-1059-24 Training - 1Z0-1059-24 Latest Exam Testking

Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q62-Q67):

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