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1Z0-1059-24 Real Exam - 1Z0-1059-24 Exams Training
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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
- 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
- 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 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
- 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.
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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q41-Q46):
NEW QUESTION # 41
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
Which two options are available In Revenue Management to convert transaction amounts to the USD currency?
- A. Run the Revenue Management translation process.
- B. Enter exchange rate information in Standalone Selling Price Profile.
- C. Provide currency conversion details in the Revenue Basis Data Import Template.
- D. Select Conversion Rate Type in the Source Document Type setup.
- E. Enter Conversion Rate Type in System Options.
Answer: A,E
NEW QUESTION # 42
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. Pricing estimates cannot be used In the absence of pricing data.
- C. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
- D. Revenue and performance obligation liabilities are not dependent on billing.
Answer: A,B
NEW QUESTION # 43
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
- A. Revenue Management can only integrate to Fusion Receivables.
- B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- C. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
- D. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
Answer: A,D
NEW QUESTION # 44
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Add Order Management in the Manage Trading Community Source Systems page.
- B. Configure settings In the Order Management section of the Manage Integrations 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. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
- F. Create custom program to extract sales order and fulfillment data from Order Management.
Answer: C
NEW QUESTION # 45
Which configuration component is Source Document Type NOT connected to?
- A. Revenue Management System Options
- B. Contract Identification Rules
- C. Revenue Price Profile
- D. Performance Obligation Identification Rules
- E. Performance Obligation Template
Answer: C
NEW QUESTION # 46
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