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Passing this exam is required to earn these certifications. Select each certification title below to view full requirements.
Oracle Revenue Management Cloud Service 2024 Certified Implementation Professional
Format: Multiple Choice
Duration: 90 Minutes
Number of Questions: 50
Passing Score: 68%
Validation:
This exam has been validated against 23A/23B/23C/23D/24A/24B.
Policy: Cloud Recertification Prepare to pass exam: 1Z0-1059-24
Examkingdom 1Z0-1059-24 Oracle Exam pdf
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The Oracle Revenue Management Cloud 2024 Implementation Professional certification is designed for Implementors, Technical Consultants, Developers who implement Enterprise Resource Planning (ERP) and Financials Cloud solution for Revenue Management. Individuals who earn this certification are skilled at and capable of configuring, implementing, managing, and using the Revenue Management application tools, such as including Standalone Selling Prices, Revenue Contracts, and Reporting.
You must have a valid Oracle Revenue Management Cloud Service Implementation Professional Certification exam credential in order to take this Delta exam. If your credential has expired you can get up to date by successfully completing the qualifying Delta exam for free. If you are not eligible to take the Delta exam, you will need to take the Oracle Revenue Management Cloud Service 2024 Implementation Professional Certification exam.
Check the Oracle Recertification Policy to see if you qualify.
Take recommended training
Complete one of the courses below to prepare for your exam (optional):
Become a Certified Financials – Revenue Management Implementer
Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience), in the learning subscription, provides the best preparation for passing the exam.
Review exam topics
Revenue Management Overview
Explain Revenue Principles including new revenue recognition guidance under ASC 606 and IFRS 15
Describe Revenue Management Integration
Configuring Revenue Management
Configure the Revenue Management application
Configuring and Managing Standalone Selling Prices
Manage Standalone Selling Prices and related configurations
Managing Revenue Contracts
Explain Contracts, Performance Obligations, and Contract Maintenance
Load data using FBDI templates into the application
Process Customer Contract Source Documents
Describe The Revenue Management user interface
Analyze Accounting in Revenue Management
Using Revenue Management Reporting
Create OTBI reporting objects
Understand Oracle delivered reports
Sample Question and Answers
QUESTION 1
Which two are intended uses for the Standalone Selling Price Report Dashboard?
A. Review performance obligations by effective period.
B. Diagnose revenue price profile.
C. Drill down to data used to derive standalone selling prices.
D. Monitor transaction price calculation and allocation.
E. Analyze standalone selling prices for one or multiple effective periods.
Answer: B, E
QUESTION 2
Which three tasks can be performed In the Revenue Management Work Area?
A. Edit Contract Identification Rules.
B. Review Observed Standalone Selling Prices.
C. Manage contracts in “Pending Review” status.
D. Manage contracts in “Pending Allocation” status.
E. Review Performance Satisfaction Plans.
F. Review Revenue Price Profiles.
Answer: B, C, D
QUESTION 3
How many tabs does the Customer Contract Source Data Import Template have?
A. four tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively
B. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
C. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
D. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
Answer: B
Explanation:
You can import source transactions using the Customer Contract Source Data Import process.
Customer Contract Source Data Import uses three interface tables–one parent table and two child
tables–to represent source documents, source document lines, and source document sub-lines. The
parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child
tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES
contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details
QUESTION 4
Which, when transferred to a customer, allows you to recognize revenue?
A. a shipment
B. a performance obligation
C. an invoice
D. promise detail
Answer: B
QUESTION 5
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
A. Revenue Management can only integrate to Fusion Receivables.
B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
C. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
D. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
Answer: A, D
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