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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	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 4	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 5	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.

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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q35-Q40):

NEW QUESTION # 35
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

A. when the Deferred Revenue box is checked
B. when the Type is Fixed or Variable
C. when it is a business requirement
D. when Context Values are populated

Answer: B

NEW QUESTION # 36
What does the creation of an allocation allow you to determine?

A. an allocation of the expected consideration over the performance obligations as if you had sold them separately
B. the fair value of each performance obligation
C. the ability not to revise previously reported revenue for revision, corrections, and other changes
D. the maximum amount of revenue you can recognize soonest, postponing the minimum until later

Answer: B

Explanation:
https://docs.oracle.com/cloud/farel12/financialscs_gs/FAOFC/FAOFC2288367.htm

NEW QUESTION # 37
Which setup Is required to enable integration between Order Management and Revenue Management?

A. Add Order Management in the Manage Trading Community Source Systems page.
B. Create custom program to extract sales order and fulfillment data from Order Management.
C. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
D. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
E. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
F. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.

Answer: D

NEW QUESTION # 38
Which method is used to allocate total transaction price across performance obligations in Revenue Management?

A. Residual Allocation Method
B. Relative Allocation Method
C. Inverted Allocation Method
D. Alternative Allocation Method
E. Two Step Allocation Method

Answer: E

NEW QUESTION # 39
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. Ignore the performance obligation for the toaster because it was free of cost to the customer.
C. Define an adhoc rule in the Revenue Price Profile to include the toaster.
D. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.

Answer: D

NEW QUESTION # 40
......

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