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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

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

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.

Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q11-Q16):

NEW QUESTION # 11
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

A. your debt to customers for goods and services you are obliged to deliver to them by either party acting
B. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
C. Unearned Revenue
D. your invoiced goods and services less those goods and services that you have not yet delivered

Answer: A

NEW QUESTION # 12
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

A. when it is a business requirement
B. when Context Values are populated
C. when the Type is Fixed or Variable
D. when the Deferred Revenue box is checked

Answer: C

NEW QUESTION # 13
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

A. Suppliers
B. Business Units
C. Banks, branches and bank accounts
D. Inventory items
E. Receivables configurations
F. Customers

Answer: B,D,F

NEW QUESTION # 14
Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?

A. 10 User Extensible Fields
B. 50 User Extensible Fields
C. 90 User Extensible Fields
D. 60 User Extensible Fields

Answer: A

NEW QUESTION # 15
You define a Contract Identification Rule that uses the following source document attributes to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:

How many contracts will be created In Revenue Management?

A. 0
B. 1
C. 2
D. 3
E. 4

Answer: B

NEW QUESTION # 16
......

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