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[General] Exam 1Z0-1059-24 Online & 1Z0-1059-24 Reliable Test Testking

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【General】 Exam 1Z0-1059-24 Online & 1Z0-1059-24 Reliable Test Testking

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The 1Z0-1059-24 practice exam software is essential for your Oracle Revenue Management Cloud Service 2024 Implementation Professional exam preparation as it gives you hands-on experience before the actual 1Z0-1059-24 certification exam. This kind of exam preparation ensures that a well-prepared and more confident candidate enters the examination arena. While using this Oracle 1Z0-1059-24 Practice Exam software, you can easily customize your Oracle Revenue Management Cloud Service 2024 Implementation Professional mock exam conditions such as exam duration, number of questions, and many more. These Oracle 1Z0-1059-24 dumps bear the closest resemblance to the actual 1Z0-1059-24 dumps that will be asked of you in the exam.
Oracle 1Z0-1059-24 Exam Syllabus Topics:
TopicDetails
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
  • 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 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 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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Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions (Q32-Q37):NEW QUESTION # 32
Which three statements about Effective Periods are true?
  • A. Effective Periods are used for standalone selling prices and for creating journal entries.
  • B. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
  • C. Gaps between periods are not allowed.
  • D. Effective Periods only define the rage where standalone selling prices of an item should be effective.
  • E. You cannot have overlapping periods.
Answer: A,D,E

NEW QUESTION # 33
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
  • A. by allowing manual allocation of Total Transaction Price across performance obligations
  • B. by only creating contracts that are source system specific
  • C. by restricting users from excluding contract lines
  • D. by calculating Total Transaction Price for contracts
  • E. by grouping source document lines intro contracts for each identified customer
  • F. by identifying and creating one or more performance obligations for a given accounting contract
Answer: A,B,E

NEW QUESTION # 34
Using the two delivered Oracle Transactional Business Intelligence (OTBI) subject areas for Revenue Management, which two reporting objects can users build In the BI catalog?
  • A. Infolets
  • B. Infotile
  • C. Dashboards
  • D. Analysis
Answer: C,D

NEW QUESTION # 35
Which three statements about Effective Periods are true?
  • A. Gaps between periods are not allowed.
  • B. Effective Periods are used for standalone selling prices and for creating journal entries.
  • C. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
  • D. Effective Periods only define the rage where standalone selling prices of an item should be effective.
  • E. You cannot have overlapping periods.
Answer: A,D,E

NEW QUESTION # 36
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
  • A. Revenue and performance obligation liabilities are not dependent on billing.
  • B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
  • C. Pricing estimates cannot be used In the absence of pricing data.
  • D. Expected consideration value is applicable to all industries.
Answer: C,D

NEW QUESTION # 37
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