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2025 High Pass-Rate 1Z0-1059-24–100% Free New Exam Camp | Oracle Revenue Management Cloud Service 2024 Implementation Professional Reliable Guide Files

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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

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 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 (Q37-Q42):

NEW QUESTION # 37
How many tabs does the Customer Contract Source Data Import Template have?

A. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
B. four tabs that store data for the
VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively
C. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
D. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively

Answer: C

Explanation:
You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details

NEW QUESTION # 38
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)

A. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
B. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration
C. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
D. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
E. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet

Answer: A,B

NEW QUESTION # 39
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

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

Answer: B

NEW QUESTION # 40
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. Oracle Transactional Business Intelligence
B. Smart View
C. Reporting Studio
D. Business Intelligence Publisher

Answer: D

NEW QUESTION # 41
Which is a term under ASC 606 or IFRS 15?

A. transaction price
B. initial performance event
C. requires complete
D. promise detail

Answer: A

NEW QUESTION # 42
......

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