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100% Pass Quiz 2025 1Z0-1059-24 - Oracle Revenue Management Cloud Service 2024 Implementation Professional New Braindumps Book

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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

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 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

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 5

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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q49-Q54):

NEW QUESTION # 49
Revenue Management integrates with the Subledger Accounting application. Which three services does Subledger Accounting provide to Revenue Management?

A. General Ledger account derivation based on predefined events
B. stand-alone selling price derivation
C. revaluation of assets and liabilities
D. multiple accounting representations
E. General Ledger journal creation
F. centralized accounting solution

Answer: C,D,E

NEW QUESTION # 50
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

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

Answer: C,D

NEW QUESTION # 51
Which is NOT a required piece of information when importing contract header Information from a source file?

A. Source Document Unique Identifier Number 1
B. Source System
C. Record Type
D. Currency code of source document
E. Date of Source Document
F. Source Document Type code

Answer: A

NEW QUESTION # 52
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?

A. If nonexistent, these accounts are added automatically to the chart of accounts.
B. These accounts are optional in Revenue Management.
C. These accounts are not relevant to Revenue Management.
D. If nonexistent, these accounts need to be added to the chart of accounts.

Answer: A

NEW QUESTION # 53
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. Set the Profile Option AR: Source System Value for Revenue Management.
B. Set the System Options in EBS Receivables on the Revenue Management tab.
C. Apply appropriate patches to EBS.
D. Map the EBS Chart of Accounts to the Cloud General Ledger.
E. Run the Deploy System Options process.

Answer: D,E

NEW QUESTION # 54
......

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