NEW 1Z0-1059-24 EXAM REVIEW - LATEST 1Z0-1059-24 TEST NOTES

New 1Z0-1059-24 Exam Review - Latest 1Z0-1059-24 Test Notes

New 1Z0-1059-24 Exam Review - Latest 1Z0-1059-24 Test Notes

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Tags: New 1Z0-1059-24 Exam Review, Latest 1Z0-1059-24 Test Notes, 1Z0-1059-24 Exam Demo, 1Z0-1059-24 Practice Exam Questions, 1Z0-1059-24 Test Dates

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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
  • 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
  • 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 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.

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Latest 1Z0-1059-24 Test Notes & 1Z0-1059-24 Exam Demo

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q69-Q74):

NEW QUESTION # 69
If the Contract Identification Rules that you defined for your customer did not group the source data into customer as expected, how would you resolve the issue?

  • A. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
  • B. Delete Contracts from the Manage Customer Contracts Ul.
  • C. Delete the source data that was imported into Revenue Management and import new source data.
  • D. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run The Identify Customer Contracts program again.
  • E. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts Ul.

Answer: D


NEW QUESTION # 70
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. Amount Band
  • B. Deal Size Band
  • C. Set Band
  • D. Quantity Band

Answer: A


NEW QUESTION # 71
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. Run the Revenue Management translation process.
  • B. Enter Conversion Rate Type in System Options.
  • C. Select Conversion Rate Type in the Source Document Type setup.
  • D. Enter exchange rate information in Standalone Selling Price Profile.
  • E. Provide currency conversion details in the Revenue Basis Data Import Template.

Answer: A,B


NEW QUESTION # 72
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?

  • A. Create the performance obligation for the toaster manually.
  • B. Define an adhoc rule in the Revenue Price Profile to include the toaster.
  • C. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
  • D. Ignore the performance obligation for the toaster because it was free of cost to the customer.

Answer: C


NEW QUESTION # 73
Revenue tracks several amounts associated to a customer contract, for example, selling amount, allocated amount, and billed amount. What is allocated amount?

  • A. revenue recognized for each performance obligation
  • B. transaction price derived from the source system line import
  • C. transaction price distributed to each performance obligation
  • D. stand-alone selling price assigned to the promised detail line

Answer: C


NEW QUESTION # 74
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A Oracle Revenue Management Cloud Service 2024 Implementation Professional (1Z0-1059-24) practice questions is a helpful, proven strategy to crack the Oracle Revenue Management Cloud Service 2024 Implementation Professional (1Z0-1059-24) exam successfully. It helps candidates to know their weaknesses and overall performance. iPassleader software has hundreds of Oracle Revenue Management Cloud Service 2024 Implementation Professional (1Z0-1059-24) exam dumps that are useful to practice in real-time. The Oracle Revenue Management Cloud Service 2024 Implementation Professional (1Z0-1059-24) practice questions have a close resemblance with the actual 1Z0-1059-24 exam.

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