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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

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

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

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 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.

Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q50-Q55):

NEW QUESTION # 50
What is a Standalone Selling Price (SSP)?

A. the list price
B. the average of your bundled price
C. the price you would use if you sold to a customer separately
D. the sum of the SSPs of the components

Answer: C

NEW QUESTION # 51
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.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?

A. Enter exchange rate information in Standalone Selling Price Profile.
B. Select Conversion Rate Type in the Source Document Type setup.
C. Provide currency conversion details in the Revenue Basis Data Import Template.
D. Enter Conversion Rate Type in System Options.
E. Run the Revenue Management translation process.

Answer: D,E

NEW QUESTION # 52
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 are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
C. Because they are Revenue Management Descriptive Flexfields.
D. Because they provide uniqueness to the Source Document Types.

Answer: A

NEW QUESTION # 53
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

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

Answer: B,D

NEW QUESTION # 54
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. Create the performance obligation for the toaster manually.
B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
C. Ignore the performance obligation for the toaster because it was free of cost to the customer.
D. Define an adhoc rule in the Revenue Price Profile to include the toaster.

Answer: B

NEW QUESTION # 55
......

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Zachary Howard Zachary Howard

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