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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 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

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

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 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 (Q65-Q70):

NEW QUESTION # 65
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

A. when the Satisfaction Measurement Model is set to Amount
B. when the Satisfaction Measurement Model is set to Period
C. when the Satisfaction Measurement Model Is set to Percentage
D. when the Satisfaction Measurement Model is set to Quantity

Answer: B

NEW QUESTION # 66
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 the Type is Fixed or Variable
B. when the Deferred Revenue box is checked
C. when it is a business requirement
D. when Context Values are populated

Answer: A

NEW QUESTION # 67
Why are Source Document Type Codes required when defining Source Document Types?

A. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
B. Because they provide uniqueness to the Source Document Types.
C. Because they are Revenue Management Descriptive Flexfields.
D. Because they are needed for integration with Product Management.

Answer: D

NEW QUESTION # 68
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

A. Fixed Schedule
B. Daily Revenue Rate, Partial Periods
C. Daily Revenue Rate
D. Partial Schedule
E. Daily Revenue Rate, All Periods
F. Variable Schedule

Answer: A

NEW QUESTION # 69
Which three tasks are associated with defining a Pricing Dimension Structure?

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

Answer: A,E,F

NEW QUESTION # 70
......

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