QUIZ 2025 PROFESSIONAL 1Z0-1059-24: ORACLE REVENUE MANAGEMENT CLOUD SERVICE 2024 IMPLEMENTATION PROFESSIONAL VALID REAL TEST

Quiz 2025 Professional 1Z0-1059-24: Oracle Revenue Management Cloud Service 2024 Implementation Professional Valid Real Test

Quiz 2025 Professional 1Z0-1059-24: Oracle Revenue Management Cloud Service 2024 Implementation Professional Valid Real Test

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Oracle 1Z0-1059-24 Exam Syllabus Topics:

TopicDetails
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
  • 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
  • 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 (Q24-Q29):

NEW QUESTION # 24
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

  • A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
  • B. You value the accrual at estimated consideration and it is a monetary debt.
  • C. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
  • D. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
  • E. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

Answer: D


NEW QUESTION # 25
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 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.
  • B. 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.
  • C. 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.
  • D. 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.

Answer: D


NEW QUESTION # 26
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 Amount
  • B. when the Satisfaction Measurement Model is set to Quantity
  • C. when the Satisfaction Measurement Model Is set to Percentage
  • D. when the Satisfaction Measurement Model is set to Period

Answer: D


NEW QUESTION # 27
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. Review Observed Standalone Selling Prices.
  • D. Edit Contract Identification Rules.
  • E. Review Performance Satisfaction Plans.
  • F. Review Revenue Price Profiles.

Answer: A,B,C


NEW QUESTION # 28
A pricing dimension segment value combination is one of the factors to determine standalone selling prices. This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?

  • A. pricing bands
  • B. a pricing dimension structure instance
  • C. a pricing dimension structure
  • D. the source document types

Answer: A


NEW QUESTION # 29
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