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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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	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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q80-Q85):

NEW QUESTION # 80
Why are Source Document Type Codes required when defining Source Document Types?

A. Because they are needed for integration with Product Management.
B. Because they provide uniqueness to the Source Document Types.
C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
D. Because they are Revenue Management Descriptive Flexfields.

Answer: A

NEW QUESTION # 81
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 # 82
Which setup component Is NOT connected to a Revenue Price Profile?

A. Items
B. Source Document Types
C. Pricing Dimension Segments
D. Contract Identification Rules

Answer: B

NEW QUESTION # 83
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

A. by setting SM to "Allow Partial" and SMM to "Period"
B. by setting SM to "Requires Complete" and SMM to "Percent"
C. by setting SM to "Requires Complete" and SMM to "Quantity"
D. by setting SM to "Requires Complete" and SMM to "Period"
E. by setting SM to "Allow Partial" and SMM to "Quantity"

Answer: D

NEW QUESTION # 84
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 new primary ledger.
B. Create a reporting ledger.
C. Using their existing primary ledger.
D. Create a secondary ledger.

Answer: C

NEW QUESTION # 85
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