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Latest 1Z0-1059-24 Exam Test - Test 1Z0-1059-24 Testking

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The 1Z0-1059-24 certification verifies that you are a skilled professional. Easy4Engine product is designed by keeping all the rules and regulations in focus that Oracle publishes. Our main goal is that you can memorize the actual Oracle 1Z0-1059-24 exam question to complete the Oracle Revenue Management Cloud Service 2024 Implementation Professional (1Z0-1059-24) test in time with extraordinary grades. Oracle 1Z0-1059-24 Exam Dumps includes Oracle 1Z0-1059-24 dumps PDF format, desktop 1Z0-1059-24 practice exam software, and web-based 1Z0-1059-24 practice test software.

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

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 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

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 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 (Q76-Q81):

NEW QUESTION # 76
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. Payment-based contingencies do not always require payment 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 must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
C. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
D. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), 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: B,D

NEW QUESTION # 77
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. Business Intelligence Publisher
B. Oracle Transactional Business Intelligence
C. Reporting Studio
D. Smart View

Answer: A

NEW QUESTION # 78
Which three tasks can be performed In the Revenue Management Work Area?

A. Manage contracts in "Pending Review" status.
B. Manage contracts in "Pending Allocation" status.
C. Edit Contract Identification Rules.
D. Review Revenue Price Profiles.
E. Review Observed Standalone Selling Prices.
F. Review Performance Satisfaction Plans.

Answer: A,B,E

NEW QUESTION # 79
Which configuration component is Source Document Type NOT connected to?

A. Revenue Management System Options
B. Performance Obligation Identification Rules
C. Revenue Price Profile
D. Contract Identification Rules
E. Performance Obligation Template

Answer: C

NEW QUESTION # 80
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. Payment-based contingencies do not always require payment 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. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
D. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), 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: B,D

NEW QUESTION # 81
......

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