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Not sure FreeCram is right for your 1Z1-1059 preparation? Download the free Oracle Revenue Management Cloud 2019 Implementation Essentials PDF demo and judge the quality of our 75 practice questions before you spend a cent.
Oracle 1Z1-1059 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Revenue Management Cloud Service 2019 Implementation Essentials |
| Exam Number: | 1Z0-1059 |
| Exam Price: | USD 245 |
| Passing Score: | 64% |
| Available Languages: | English |
| Related Certifications: | Oracle Fusion Revenue Management Cloud Service |
| Certificate Validity Period: | Valid until retired or updated by Oracle |
| Exam Duration: | 105 minutes |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 60 |
| Recommended Training: | Oracle Revenue Management Cloud Service Implementation Training |
| Exam Registration: | Oracle University Exam Page Pearson VUE Registration |
| Sample Questions: | Oracle 1Z1-1059 Sample Questions |
| Exam Way: | Online proctored or in-person at Pearson VUE authorized centers |
| Pre Condition: | No mandatory prerequisites; recommended: experience with Oracle Financials Cloud and understanding of revenue recognition standards ASC 606 / IFRS 15 |
| Official Syllabus URL: | https://education.oracle.com/oracle-revenue-management-cloud-service-2019-implementation-essentials/pexam_1Z0-1059 |
Oracle 1Z1-1059 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Revenue Management Overview | 20% | - Integration requirements with other Oracle Cloud applications - Revenue principles including ASC 606 and IFRS 15 |
| Standalone Selling Prices | 22% | - Define revenue price profiles - Configure standalone selling price methods - Manage price lists and exceptions |
| Revenue Management Reporting and Analysis | 10% | - Create custom reports using OTBI - Use delivered reports and dashboards - Analyze revenue accounting entries |
| Revenue Management Setup and Configuration | 28% | - Configure Revenue Management Cloud Service - Define system options and parameters |
| Revenue Contracts and Performance Obligations | 20% | - Manage contract modifications - Process customer contract source documents - Identify and allocate transaction price |
Oracle 1Z1-1059 Exam: Frequently Asked Questions
The 1Z1-1059 exam is the official exam behind the Oracle Revenue Management Cloud Service 2019 Certified Implementation Specialist credential from Oracle. It sits at the Specialist level of the Oracle certification track. It is also associated with Oracle Fusion Revenue Management Cloud Service. The FreeCram practice questions on this page map to the same objectives, so you can measure your readiness before you book a seat.
The 1Z1-1059 exam contains 60 questions and gives you 105 minutes to complete them. That pace leaves little room for getting stuck, so train yourself to flag a hard question, move on, and circle back later. Run at least one full timed session in the FreeCram test engine a week before your exam date to check whether your pacing holds under pressure.
You need 64% to pass the 1Z1-1059 exam, and the official registration fee is USD 245. A retake means paying that fee again in full, which makes thorough preparation the cheaper option by far. Before scheduling, take a timed FreeCram practice test; if you are not scoring comfortably above the passing line, give yourself more study time instead of booking on hope.
No mandatory prerequisites; recommended: experience with Oracle Financials Cloud and understanding of revenue recognition standards ASC 606 / IFRS 15
Requirements can change, so confirm the latest details on the official Oracle exam page before you register.
You can book the 1Z1-1059 exam through the following official channels:
The exam is delivered Online proctored or in-person at Pearson VUE authorized centers, so pick the option that suits you when booking.
Oracle points candidates to these official courses:
Once you have worked through the official material, wrap up your preparation with the 75 practice questions from FreeCram to lock in what you have learned.
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The 1Z1-1059 syllabus is divided into 5 domains, including Standalone Selling Prices (22%), Revenue Contracts and Performance Obligations (20%), and Revenue Management Reporting and Analysis (10%). The complete breakdown, with every domain and its subtopics, is listed in the Exam Topics section above — review it line by line and flag the areas where you feel weakest.
Oracle Revenue Management Cloud 2019 Implementation Essentials Sample Questions:
Oracle Revenue Management is part of_____________________predefined offering.
- A. Enterprise Contracts
- B. Incentive Compensation
- C. Fusion Accounting Hub
- D. Financials
Correct Answer: D 🗳️
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance. Which two attributes on the structure instance are inherited from the structure definition?
- A. The Query Required option
- B. The shape: Same nunmber of segments and order
- C. Wether Dynamic Combination Creation Allowed is enabled
- D. The value sets
- E. The Displayed option
Correct Answer: B,D 🗳️
Why Is Satisfaction Method a key element of a Performance Obligation?
- A. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
- B. because it calculates the amount of Total Transaction Price allocated to date
- C. because it specifies whether revenue has been fully or partially recognized for a good or service
- D. because it calculates the percentage of Total Transaction Price allocated to date
Correct Answer: A 🗳️
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. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
- B. Payment-based contingencies do not always require payment before the contingency can be removed and revenue recognized
- C. 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
- 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. Time-based contingencies must not expire before the contingency can be removed and revenue recognized
Correct Answer: A,D 🗳️
You define a Contract Identification Rule that uses the following source document attributes to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
How many contracts will be created In Revenue Management?
- A. 3
- B. 1
- C. 5
- D. 0
- E. 4
Correct Answer: A 🗳️
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