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100% Pass Oracle - 1Z0-1059-24–High Hit-Rate 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

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

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 (Q19-Q24):

NEW QUESTION # 19
What does a Variable Consideration require?

A. a disclosure be made to the shareholders
B. an estimate of the consideration be made at inception only
C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
D. that the consideration be monetary

Answer: B

Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)

NEW QUESTION # 20
What does the creation of an allocation allow you to determine?

A. the fair value of each performance obligation
B. an allocation of the expected consideration over the performance obligations as if you had sold them separately
C. the ability not to revise previously reported revenue for revision, corrections, and other changes
D. the maximum amount of revenue you can recognize soonest, postponing the minimum until later

Answer: A

Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm

NEW QUESTION # 21
How can you access an implementation task in Functional Setup Manager. (choose 3)

A. By navigating from the Welcome Springboard
B. By navigating from the Implementation Project
C. By searching
D. By navigation to an offering's functional area

Answer: B,C,D

NEW QUESTION # 22
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: A

NEW QUESTION # 23
Which three tasks are associated with defining a Pricing Dimension Structure?

A. Define up to 30 segments and name them.
B. Assign required segment labels to each segment.
C. Create multiple instances for a given Pricing Dimension Structure.
D. Include user friendly prompts for each segment.
E. Analyze pricing policies across products and services.
F. Define up to 20 segments and name them.

Answer: A,B,E

NEW QUESTION # 24
......

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