100% PASS QUIZ UNPARALLELED ORACLE - 1Z0-1059-24 - LATEST ORACLE REVENUE MANAGEMENT CLOUD SERVICE 2024 IMPLEMENTATION PROFESSIONAL TRAINING

100% Pass Quiz Unparalleled Oracle - 1Z0-1059-24 - Latest Oracle Revenue Management Cloud Service 2024 Implementation Professional Training

100% Pass Quiz Unparalleled Oracle - 1Z0-1059-24 - Latest Oracle Revenue Management Cloud Service 2024 Implementation Professional Training

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Latest 1Z0-1059-24 Training 100% Pass | The Best Oracle Revenue Management Cloud Service 2024 Implementation Professional Reliable Test Bootcamp Pass for sure

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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
  • 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
  • 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
  • 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
  • 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.

Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q34-Q39):

NEW QUESTION # 34
Which, when transferred to a customer, allows you to recognize revenue?

  • A. a shipment
  • B. an invoice
  • C. promise detail
  • D. a performance obligation

Answer: D


NEW QUESTION # 35
Which three attributes are helpful in defining a Contract Identification Rule?

  • A. Business Unit
  • B. Ledger
  • C. Quote Number
  • D. Bill To Customer
  • E. Product Description
  • F. Delivery Address

Answer: C,E,F


NEW QUESTION # 36
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 distributed to each performance obligation
  • C. transaction price derived from the source system line import
  • D. stand-alone selling price assigned to the promised detail line

Answer: B


NEW QUESTION # 37
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill.......

What is the difference between Selling Amount and Allocated Amount?

  • A. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document upload. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
  • B. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amount. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.
  • C. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculation. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
  • D. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amount. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.

Answer: A


NEW QUESTION # 38
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?

  • A. by setting SM to "Requires Complete" and SMM to "Quantity"
  • B. by setting SM to "Requires Complete" and SMM to "Period"
  • C. by setting SM to "Allow Partial" and SMM to "Quantity"
  • D. by setting SM to "Requires Complete" and SMM to "Percent"
  • E. by setting SM to "Allow Partial" and SMM to "Period"

Answer: B


NEW QUESTION # 39
......

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