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Updated 1Z0-1059-24 Guide - How to Study & Well Prepare for Oracle 1Z0-1059-24 Exam

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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 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

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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q62-Q67):

NEW QUESTION # 62
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

A. Using their existing primary ledger.
B. Create a new primary ledger.
C. Create a secondary ledger.
D. Create a reporting ledger.

Answer: A

NEW QUESTION # 63
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 # 64
A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?

A. a pricing dimension structure instance
B. pricing bands
C. the source document types
D. a pricing dimension structure

Answer: B

NEW QUESTION # 65
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

A. Expected consideration value is applicable to all industries.
B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
C. Pricing estimates cannot be used In the absence of pricing data.
D. Revenue and performance obligation liabilities are not dependent on billing.

Answer: A,C

NEW QUESTION # 66
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?

A. the Query Required option
B. the Displayed option
C. whether Dynamic Combination Creation Allowed is enabled
D. the value sets
E. the shape: Same number of segments and order

Answer: C,E

NEW QUESTION # 67
......

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