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Oracle 1Z0-1059-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Revenue Management Cloud Service 2021 Implementation Essentials |
| Exam Number: | 1Z0-1059-21 |
| Available Languages: | English |
| Exam Price: | USD 245 |
| Passing Score: | 64%-65% |
| Related Certifications: | Oracle Financials Cloud Oracle ERP Cloud |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 55-60 |
| Certificate Validity Period: | Typically 18-24 months or subject to Oracle certification policy updates |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Revenue Management Cloud Service Training Oracle Cloud Learning Subscriptions |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Computer-based exam delivered via Pearson VUE (online or test center depending on region) |
| Pre Condition: | Recommended experience with Oracle Financials Cloud and revenue recognition concepts (ASC 606 / IFRS 15). |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1Z0-1059-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Setup and Configuration | - Contract identification rules - Revenue Management system options - Performance obligation identification rules |
| Revenue Management Overview | - Revenue recognition principles (ASC 606 / IFRS 15) - Revenue Management architecture and integration |
| Accounting and Reporting | - Reporting and reconciliation - Revenue recognition and journal creation - Subledger Accounting integration |
| Revenue Contracts Processing | - Contract import and source document processing - Performance obligations and satisfaction rules - Allocation of transaction price |
| Standalone Selling Price (SSP) | - SSP derivation methods - Revenue price profiles |
Common Oracle Revenue Management Cloud Service 2021 Implementation Essentials Questions from Candidates
1Z0-1059-21 is passed with 64%-65%, and the official exam fee is USD 245. Fixing these numbers early helps you set a measurable practice target.
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Oracle Revenue Management Cloud Service Training: Visit official page
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The package includes 82 practice questions for the 1Z0-1059-21 exam. The count is set through analysis of a large volume of data, so the set matches the scope of the real test without padding.
- Setup and Configuration ()
- Revenue Contracts Processing ()
- Revenue Management Overview ()
Divide your time according to each topic's weight.
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Recommended experience with Oracle Financials Cloud and revenue recognition concepts (ASC 606 / IFRS 15).
Oracle Revenue Management Cloud Service 2021 Implementation Essentials Sample Questions:
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. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
- C. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- D. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
Correct Answer: C 🗳️
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What does the creation of an allocation allow you to determine?
- A. the fair value of each performance obligation
- B. an allocation of the expected consideration over the performance obligations as if you had sold them separately
- C. the ability not to revise previously reported revenue for revision, corrections, and other changes
- D. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
Correct Answer: A 🗳️
At which level does Oracle Revenue management perform accounting?
- A. Performance obligation level
- B. Legal entity level
- C. Contract level
Correct Answer: A 🗳️
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Two Step Allocation Method
- B. Residual Allocation Method
- C. Alternative Allocation Method
- D. Relative Allocation Method
- E. Inverted Allocation Method
Correct Answer: A 🗳️
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:
How many performance obligations will be created In Revenue Management?
- A. 5
- B. 4
- C. 3
- D. 6
Correct Answer: C 🗳️
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