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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

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 4

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 5

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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q49-Q54):

NEW QUESTION # 49
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

A. by setting SM to "Requires Complete" and SMM to "Period"
B. by setting SM to "Allow Partial" and SMM to "Period"
C. by setting SM to "Requires Complete" and SMM to "Percent"
D. by setting SM to "Allow Partial" and SMM to "Quantity"
E. by setting SM to "Requires Complete" and SMM to "Quantity"

Answer: A

NEW QUESTION # 50
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. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.
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 enter estimated prices manually for a given profile In the browser user Interface.
F. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.

Answer: A,D

NEW QUESTION # 51
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
B. You value the accrual at estimated consideration and it is a monetary debt.
C. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
D. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
E. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.

Answer: E

NEW QUESTION # 52
Which three tasks can be performed In the Revenue Management Work Area?

A. Manage contracts in "Pending Allocation" status.
B. Review Revenue Price Profiles.
C. Review Performance Satisfaction Plans.
D. Review Observed Standalone Selling Prices.
E. Edit Contract Identification Rules.
F. Manage contracts in "Pending Review" status.

Answer: A,D,F

NEW QUESTION # 53
65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. By defining an item group and assigning that to the rule
B. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
C. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
D. By defining an exclusion rule to exclude customer classes that are "Retail"
E. By defining a grouping rule on the customer class

Answer: B

NEW QUESTION # 54
......

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