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Oracle 1Z0-1059-24 Exam Real and Updated Dumps are Ready for Download

Are you preparing for taking the Oracle Revenue Management Cloud Service 2024 Implementation Professional (1Z0-1059-24) certification exam? We understand that passing the 1Z0-1059-24 exam with ease is your goal. However, many people struggle because they rely on the wrong study materials. That's why it's crucial to prepare for the 1Z0-1059-24 Exam using the right 1Z0-1059-24 Exam Questions learning material. Look no further than BraindumpQuiz, where we take responsibility for providing accurate and reliable Oracle 1Z0-1059-24 questions prepared by our team of experts.

Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic
Details

Topic 1

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 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

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

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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q53-Q58):

NEW QUESTION # 53
Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

A. Performance Obligation Billed
B. Revenue Recognized
C. Initial Performance
D. Performance Obligation Satisfied
E. Standalone Selling Prices Allocated

Answer: B,C,D

NEW QUESTION # 54
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?

A. the Query Required option
B. the shape: Same number of segments and order
C. the Displayed option
D. the value sets
E. whether Dynamic Combination Creation Allowed is enabled

Answer: B,E

NEW QUESTION # 55
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

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

Answer: A,D

NEW QUESTION # 56
65-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 would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

A. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
B. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
C. By defining a grouping rule on the customer class
D. By defining an exclusion rule to exclude customer classes that are "Retail"
E. By defining an item group and assigning that to the rule

Answer: A

NEW QUESTION # 57
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

A. require partial
B. allow complete
C. require complete
D. allow partial

Answer: C,D

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853

NEW QUESTION # 58
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John Lewis John Lewis

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