ORACLE 1Z0-1059-24 GUARANTEED SUCCESS: ORACLE REVENUE MANAGEMENT CLOUD SERVICE 2024 IMPLEMENTATION PROFESSIONAL - PRACTICEMATERIAL BEST PROVIDER

Oracle 1Z0-1059-24 Guaranteed Success: Oracle Revenue Management Cloud Service 2024 Implementation Professional - PracticeMaterial Best Provider

Oracle 1Z0-1059-24 Guaranteed Success: Oracle Revenue Management Cloud Service 2024 Implementation Professional - PracticeMaterial Best Provider

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The Oracle 1Z0-1059-24 certification is one of the top-rated career advancement certifications in the market. This Oracle Revenue Management Cloud Service 2024 Implementation Professional (1Z0-1059-24) certification exam has been inspiring candidates since its beginning. Over this long time period, thousands of 1Z0-1059-24 Exam candidates have passed their Oracle Revenue Management Cloud Service 2024 Implementation Professional (1Z0-1059-24) certification exam and now they are doing jobs in the world's top brands. You can also be a part of this wonderful community.

Oracle 1Z0-1059-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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 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
  • 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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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q64-Q69):

NEW QUESTION # 64
At which level does Oracle Revenue management perform accounting?

  • A. Legal entity level
  • B. Performance obligation level
  • C. Contract level

Answer: B


NEW QUESTION # 65
Which three statements about Effective Periods are true?

  • A. Gaps between periods are not allowed.
  • B. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
  • C. Effective Periods only define the rage where standalone selling prices of an item should be effective.
  • D. You cannot have overlapping periods.
  • E. Effective Periods are used for standalone selling prices and for creating journal entries.

Answer: A,C,D


NEW QUESTION # 66
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.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

  • A. Create revenue prices in the Euro currency.
  • B. Populate exchange rates in Revenue Price Profile.
  • C. Populate Conversion Rate Type in System Options.
  • D. Create source document types specifically for Euro documents.

Answer: C

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348


NEW QUESTION # 67
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 rule on the customer class
  • B. By defining an exclusion rule to exclude customer classes that are "Retail"
  • C. 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
  • D. 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
  • E. By defining an item group and assigning that to the rule

Answer: C


NEW QUESTION # 68
Which is the following is NOT a feature of personalization

  • A. Configuring table columns
  • B. Saving searches
  • C. Changing text font
  • D. Selecting default language

Answer: C


NEW QUESTION # 69
......

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