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Oracle 1Z0-1059-24 Latest Dumps Files, Exam 1Z0-1059-24 Collection Pdf

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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

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 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 (Q68-Q73):

NEW QUESTION # 68
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

A. when a pricing dimension structure is enabled for pricing bands
B. when a value set segment label of Set Band is used
C. when a source document type is enabled to use pricing bands
D. when a pricing dimension structure Instance Is enabled for pricing bands

Answer: A

NEW QUESTION # 69
What is a contract modification?

A. a change (modification) to the contract data
B. an increase or decrease in expected collectability
C. a change to the contract caused by negotiation with the customer
D. a revision or correction to the estimate of variable consideration made at inception

Answer: C

NEW QUESTION # 70
Which three statements about Effective Periods are true?

A. Effective Periods are used for standalone selling prices and for creating journal entries.
B. Gaps between periods are not allowed.
C. You cannot have overlapping periods.
D. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
E. Effective Periods only define the rage where standalone selling prices of an item should be effective.

Answer: A,C,E

NEW QUESTION # 71
A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?

A. Business Intelligence Publisher
B. Smart View
C. Reporting Studio
D. Oracle Transactional Business Intelligence

Answer: A

NEW QUESTION # 72
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?

A. Contract Revenue
B. Contract Liability
C. Contract Price Variance
D. Contract Expense
E. Contract Asset
F. Contract Clearing

Answer: D

NEW QUESTION # 73
......

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