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Free PDF Quiz Fantastic Oracle - 1Z0-1059-24 Latest Test Format

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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

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 3

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 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 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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q47-Q52):

NEW QUESTION # 47
What does the creation of an allocation allow you to determine?

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

Answer: B

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

NEW QUESTION # 48
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

A. Create revenue prices in the Euro currency.
B. Create source document types specifically for Euro documents.
C. Populate Conversion Rate Type in System Options.
D. Populate exchange rates in Revenue Price Profile.

Answer: C

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348

NEW QUESTION # 49
Which two are intended uses for the Standalone Selling Price Report Dashboard?

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

Answer: A,D

NEW QUESTION # 50
Which is NOT a required piece of information when importing contract header Information from a source file?

A. Source Document Type code
B. Record Type
C. Currency code of source document
D. Source Document Unique Identifier Number 1
E. Source System
F. Date of Source Document

Answer: D

NEW QUESTION # 51
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

A. Revenue Management can only integrate to Fusion Receivables.
B. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
C. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
D. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

Answer: A,C

NEW QUESTION # 52
......

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