DETAILED 1Z0-1059-24 STUDY PLAN - 1Z0-1059-24 NEW BRAINDUMPS QUESTIONS

Detailed 1Z0-1059-24 Study Plan - 1Z0-1059-24 New Braindumps Questions

Detailed 1Z0-1059-24 Study Plan - 1Z0-1059-24 New Braindumps Questions

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Tags: Detailed 1Z0-1059-24 Study Plan, 1Z0-1059-24 New Braindumps Questions, Relevant 1Z0-1059-24 Exam Dumps, Latest 1Z0-1059-24 Version, Reliable 1Z0-1059-24 Dumps

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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 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 3
  • 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 4
  • 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 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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1Z0-1059-24 New Braindumps Questions - Relevant 1Z0-1059-24 Exam Dumps

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

NEW QUESTION # 64
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

  • A. allow partial
  • B. require partial
  • C. require complete
  • D. allow complete

Answer: A,C

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize-revenue.html#FAFRM2321853


NEW QUESTION # 65
When deciding how to set up the system to recognize revenue, it is important to understand the extent of revenue deferral and the subsequent timing of revenue recognition. Which two statements are true when you consider that recognition depends on the nature of the contingency? (Choose two)

  • A. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
  • B. Time-based contingencies can expire, but the contingency will have to be removed manually before the revenue is recognized if payment is not due yet
  • C. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
  • D. Pre-billing customer acceptance clauses require the recording of customer acceptance in the feeder system, or its expiration, before importing into Receivables for invoicing. Customer acceptance or its expiration must occur before the contingency can be removed and the order can be imported into Receivables for invoicing.
  • E. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.

Answer: D,E


NEW QUESTION # 66
Which three tasks are associated with defining a Pricing Dimension Structure?

  • A. Create multiple instances for a given Pricing Dimension Structure.
  • B. Define up to 20 segments and name them.
  • C. Define up to 30 segments and name them.
  • D. Assign required segment labels to each segment.
  • E. Analyze pricing policies across products and services.
  • F. Include user friendly prompts for each segment.

Answer: C,D,E


NEW QUESTION # 67
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 Context Values are populated
  • B. when it is a business requirement
  • C. when the Type is Fixed or Variable
  • D. when the Deferred Revenue box is checked

Answer: C


NEW QUESTION # 68
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

  • A. by restricting users from excluding contract lines
  • B. by only creating contracts that are source system specific
  • C. by identifying and creating one or more performance obligations for a given accounting contract
  • D. by allowing manual allocation of Total Transaction Price across performance obligations
  • E. by calculating Total Transaction Price for contracts
  • F. by grouping source document lines intro contracts for each identified customer

Answer: B,D,F


NEW QUESTION # 69
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