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Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic	Details
Topic 1	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 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	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	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 (Q60-Q65):

NEW QUESTION # 60
Which setup Is required to enable integration between Order Management and Revenue Management?

A. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
B. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
C. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
D. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
E. Add Order Management in the Manage Trading Community Source Systems page.
F. Create custom program to extract sales order and fulfillment data from Order Management.

Answer: C

NEW QUESTION # 61
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 "Percent"
B. by setting SM to "Allow Partial" and SMM to "Quantity"
C. by setting SM to "Requires Complete" and SMM to "Quantity"
D. by setting SM to "Allow Partial" and SMM to "Period"
E. by setting SM to "Requires Complete" and SMM to "Period"

Answer: E

NEW QUESTION # 62
What does a Variable Consideration require?

A. an estimate of the consideration be made at inception only
B. that the consideration be monetary
C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
D. a disclosure be made to the shareholders

Answer: A

Explanation:
https://cloud.oracle.com/opc/saas/RevMgmt/r12/wn/r12-revenue-wn.pdf (p.15)

NEW QUESTION # 63
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

A. Oracle Revenue Management Cloud
B. Oracle Subledger Accounting
C. Oracle General Ledger
D. Oracle Receivables

Answer: A,B

NEW QUESTION # 64
Which, when transferred to a customer, allows you to recognize revenue?

A. a shipment
B. promise detail
C. a performance obligation
D. an invoice

Answer: C

NEW QUESTION # 65
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