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Oracle 1z0-1059-22 Exam Syllabus Topics:

Topic Details
Topic 1
  • Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)

Topic 2
  • Configure and Manage Standalone Selling Prices
  • Describe The Revenue Management User Interface

Topic 3
  • Explain Contracts, Performance Obligations and Contract Maintenance
  • Revenue Management Overview


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Oracle Revenue Management Cloud Service 2022 Implementation Professional Sample Questions (Q64-Q69):

NEW QUESTION # 64
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. Expected consideration value is applicable to all industries.
  • C. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
  • D. Pricing estimates cannot be used In the absence of pricing data.

Answer: B,D
NEW QUESTION # 65
How can you access an implementation task in Functional Setup Manager. (choose 3)

  • A. By navigating from the Implementation Project
  • B. By navigation to an offering's functional area
  • C. By navigating from the Welcome Springboard
  • D. By searching

Answer: A,B,D
NEW QUESTION # 66
A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:

Which Price Band Segment Label would be appropriate to use in this case?

  • A. Amount Band
  • B. Quantity Band
  • C. Set Band
  • D. Deal Size Band

Answer: A
NEW QUESTION # 67
Which three tasks can be performed In the Revenue Management Work Area?

  • A. Review Revenue Price Profiles.
  • B. Manage contracts in "Pending Review" status.
  • C. Review Observed Standalone Selling Prices.
  • D. Review Performance Satisfaction Plans.
  • E. Manage contracts in "Pending Allocation" status.
  • F. Edit Contract Identification Rules.

Answer: B,C,E
NEW QUESTION # 68
Which is a term under ASC 606 or IFRS 15?

  • A. initial performance event
  • B. transaction price
  • C. requires complete
  • D. promise detail

Answer: B
NEW QUESTION # 69
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