Oracle 1Z0-1059-24 Practice Exam – 85 Unique Questions [Q36-Q55]


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Oracle 1Z0-1059-24 Practice Exam – 85 Unique Questions

Latest Questions 1Z0-1059-24 Guide to Prepare Free Practice Tests

NEW QUESTION 36
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?

 
 
 
 
 

NEW QUESTION 37
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

How many performance obligations will be created In Revenue Management?

 
 
 
 

NEW QUESTION 38
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

 
 
 
 
 

NEW QUESTION 39
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?

 
 
 
 

NEW QUESTION 40
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?

 
 
 
 

NEW QUESTION 41
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….

What is the difference between Selling Amount and Allocated Amount?

 
 
 
 

NEW QUESTION 42
Your customer ships machines, and can recognize revenue for each machine after the machine has been delivered to a customer without waiting for complete satisfaction of an entire performance obligation. How would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for these performance obligations at a point in time?

 
 
 
 
 

NEW QUESTION 43
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

 
 
 
 
 
 

NEW QUESTION 44
One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?

 
 
 
 

NEW QUESTION 45
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

 
 
 
 

NEW QUESTION 46
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

 
 
 
 
 

NEW QUESTION 47
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?

 
 
 
 

NEW QUESTION 48
Which three attributes are helpful in defining a Contract Identification Rule?

 
 
 
 
 
 

NEW QUESTION 49
What is a contract modification?

 
 
 
 

NEW QUESTION 50
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

How many performance obligations will be created In Revenue Management?

 
 
 
 

NEW QUESTION 51
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

 
 
 
 

NEW QUESTION 52
Which setup Is required to enable integration between Order Management and Revenue Management?

 
 
 
 
 
 

NEW QUESTION 53
How many tabs does the Customer Contract Source Data Import Template have?

 
 
 
 

NEW QUESTION 54
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….

What is the difference between Selling Amount and Allocated Amount?

 
 
 
 

NEW QUESTION 55
At which level does Oracle Revenue management perform accounting?

 
 
 

Oracle 1Z0-1059-24 Exam Syllabus Topics:

Topic Details
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
  • 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
  • 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 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
  • 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.

 

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