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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 2	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 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	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	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.

Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q54-Q59):

NEW QUESTION # 54
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?

A. Reason
B. SSP Type
C. Pricing Dimension
D. Item Identifier
E. Tolerance ranges
F. Performance Obligation Template

Answer: B,C,E

NEW QUESTION # 55
A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?

A. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.
B. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.
C. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.
D. Run the Calculate Observed Standalone Selling Prices program to derive prices.
E. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
F. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.

Answer: D,E

NEW QUESTION # 56
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

A. These accounts are not relevant to Revenue Management.
B. If nonexistent, these accounts need to be added to the chart of accounts.
C. These accounts are optional in Revenue Management.
D. If nonexistent, these accounts are added automatically to the chart of accounts.

Answer: D

NEW QUESTION # 57
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

A. stand-alone selling price assigned to the promised detail line
B. revenue recognized for each performance obligation
C. transaction price derived from the source system line import
D. transaction price distributed to each performance obligation

Answer: D

NEW QUESTION # 58
Which is NOT a predefined Accounting Class for Revenue Management?

A. Contract Unearned Revenue
B. Contract Asset
C. Contract Discount
D. Contract Liability

Answer: A

NEW QUESTION # 59
......

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Rick Martin Rick Martin

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