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Useful Oracle 1Z0-1059-24 Dumps, New 1Z0-1059-24 Test Pattern

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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

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 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

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

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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q57-Q62):

NEW QUESTION # 57
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 Standalone Selling Price Profile.
B. By defining a Performance Obligation Template.
C. By defining a Contact Identification Rule.
D. By defining a Revenue Item Group

Answer: D

NEW QUESTION # 58
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. Enter exchange rate information in Standalone Selling Price Profile.
B. Select Conversion Rate Type in the Source Document Type setup.
C. Provide currency conversion details in the Revenue Basis Data Import Template.
D. Run the Revenue Management translation process.
E. Enter Conversion Rate Type in System Options.

Answer: D,E

NEW QUESTION # 59
A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:

Which Price Band Segment Label would be appropriate to use in this case?

A. Quantity Band
B. Amount Band
C. Set Band
D. Deal Size Band

Answer: B

NEW QUESTION # 60
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

A. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
B. You can define date filters in order to consider only relevant data needed to comply with the
C. Revenue Management can only integrate to Fusion Receivables.
D. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue

Answer: B,C

NEW QUESTION # 61
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

A. when the Satisfaction Measurement Model is set to Quantity
B. when the Satisfaction Measurement Model is set to Amount
C. when the Satisfaction Measurement Model is set to Period
D. when the Satisfaction Measurement Model Is set to Percentage

Answer: C

NEW QUESTION # 62
......

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