FREE 1Z0-1059-24 BRAIN DUMPS, PRACTICE 1Z0-1059-24 MOCK

Free 1Z0-1059-24 Brain Dumps, Practice 1Z0-1059-24 Mock

Free 1Z0-1059-24 Brain Dumps, Practice 1Z0-1059-24 Mock

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Oracle 1Z0-1059-24 Exam Syllabus Topics:

TopicDetails
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
  • 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 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
  • 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 (Q78-Q83):

NEW QUESTION # 78
Given your organization's Interactions with one of Its customers:
A consultant is deployed to assist customer on 10-Sep-2017.
A Sales order is booked on 14-Sep-2017.
The Product is shipped on 15-Sep-2017.
An Invoice is issued on 20-Sep-2017.
When do you accrue the contract liability?

  • A. when an invoice is issued on 20-Sep-2017
  • B. when the product is shipped on 15-Sep-2017
  • C. when the consultant is deployed to assist customer on 10-Sep-2017
  • D. when the sales order Is booked on 14-Sep-2017

Answer: C


NEW QUESTION # 79
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?

  • A. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
  • B. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
  • C. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
  • D. Run the Calculate Observed Standalone Selling Prices program to derive prices.

Answer: D

Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADERS_tbl.htm


NEW QUESTION # 80
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

  • A. recognizes revenue if any satisfaction events exist
  • B. allocates the SSP to various performance obligations
  • C. creates the accounting for the stages in the process
  • D. creates customer contracts and performance obligations
  • E. allocates the SSP to various satisfaction events

Answer: C


NEW QUESTION # 81
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

  • A. Pricing estimates cannot be used In the absence of pricing data.
  • B. Revenue and performance obligation liabilities are not dependent on billing.
  • C. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
  • D. Expected consideration value is applicable to all industries.

Answer: A,D


NEW QUESTION # 82
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?

  • A. Table
  • B. Format Only
  • C. Dependent
  • D. Subset
  • E. Independent

Answer: B


NEW QUESTION # 83
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