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Actual Oracle 1Z0-1059-24 Exam Questions And Correct Solution

Itcertking has designed a customizable Web-based Oracle 1Z0-1059-24 practice test software. You can set the time and type of Oracle Revenue Management Cloud Service 2024 Implementation Professional 1Z0-1059-24 test questions before starting to take the Oracle Revenue Management Cloud Service 2024 Implementation Professional 1Z0-1059-24 Practice Exam. It works with all operating systems like Linux, Windows, Android, Mac, and IOS, etc.

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

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 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

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 (Q51-Q56):

NEW QUESTION # 51
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

A. Run the Deploy System Options process.
B. Set the System Options in EBS Receivables on the Revenue Management tab.
C. Apply appropriate patches to EBS.
D. Set the Profile Option AR: Source System Value for Revenue Management.
E. Map the EBS Chart of Accounts to the Cloud General Ledger.

Answer: A,E

NEW QUESTION # 52
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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?

A. By defining a Performance Obligation Template.
B. By defining a Revenue Item Group
C. By defining a Standalone Selling Price Profile.
D. By defining a Contact Identification Rule.

Answer: B

NEW QUESTION # 53
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

A. transaction price derived from the source system line import
B. stand-alone selling price assigned to the promised detail line
C. revenue recognized for each performance obligation
D. transaction price distributed to each performance obligation

Answer: D

NEW QUESTION # 54
Which, when transferred to a customer, allows you to recognize revenue?

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

Answer: C

NEW QUESTION # 55
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......

What is the difference between Selling Amount and Allocated Amount?

A. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
B. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
C. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
D. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.

Answer: C

NEW QUESTION # 56
......

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