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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
Related Certifications:Oracle Financials Cloud
Oracle ERP Cloud
Available Languages:English
Real Exam Qty:55-60
Passing Score:64%-65%
Exam Format:Multiple Choice
Exam Price:USD 245
Exam Duration:90 minutes
Certificate Validity Period:Typically 18-24 months or subject to Oracle certification policy updates
Recommended Training:Oracle Cloud Learning Subscriptions
Oracle Revenue Management Cloud Service Training
Exam Registration:Pearson VUE Oracle Exams
Oracle Certification Registration
Sample Questions: DOWNLOAD DEMO
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:

SectionObjectives
Topic 1: Revenue Contracts Processing- Allocation of transaction price
- Performance obligations and satisfaction rules
- Contract import and source document processing
Topic 2: Accounting and Reporting- Revenue recognition and journal creation
- Subledger Accounting integration
- Reporting and reconciliation
Topic 3: Revenue Management Overview- Revenue recognition principles (ASC 606 / IFRS 15)
- Revenue Management architecture and integration
Topic 4: Standalone Selling Price (SSP)- SSP derivation methods
- Revenue price profiles
Topic 5: Setup and Configuration- Performance obligation identification rules
- Revenue Management system options
- Contract identification rules

Your Oracle Revenue Management Cloud Service 2021 Implementation Essentials Questions, Fully Answered

Oracle lists the following prerequisites for the Oracle Revenue Management Cloud Service 2021 Implementation Essentials: Recommended experience with Oracle Financials Cloud and revenue recognition concepts (ASC 606 / IFRS 15)..

Verify the current requirements on the official certification page before registering.

Registration runs through the official channels below:

Choose your test center or online session and book early — a fixed date turns intention into schedule.

The Oracle Revenue Management Cloud Service 2021 Implementation Essentials blueprint is organized around these main domains:

  • Revenue Contracts Processing
  • Accounting and Reporting
  • Setup and Configuration

Additional domains follow in the official outline; our bank covers the complete set.

Per the latest exam information, the 1Z0-1059-21 exam contains 55-60 questions and allows 90 minutes minutes. The software and online engines let you rehearse under those exact conditions.

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Oracle recommends these official training resources:

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Currently, the 1Z0-1059-21 exam requires a passing score of 64%-65%, and the registration fee is USD 245. Both figures belong to Oracle and can change, so confirm them on the official site when you book.

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Oracle Revenue Management Cloud Service 2021 Implementation Essentials Sample Questions:

Which three statements about Effective Periods are true?

  • A. You cannot have overlapping periods.
  • B. If effective periods are not defined. Revenue Management uses the General Ledger calendar.
  • C. Gaps between periods are not allowed.
  • D. Effective Periods are used for standalone selling prices and for creating journal entries.
  • E. Effective Periods only define the rage where standalone selling prices of an item should be effective.
Reveal Solution  Discussion  0

Correct Answer: A,D,E  🗳️

Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?

  • A. Performance Obligation Template
  • B. Tolerance ranges
  • C. Reason
  • D. SSP Type
  • E. Item Identifier
  • F. Pricing Dimension
Reveal Solution  Discussion  0

Correct Answer: B,D,F  🗳️

A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

  • A. Populate Conversion Rate Type in System Options.
  • B. Populate exchange rates in Revenue Price Profile.
  • C. Create source document types specifically for Euro documents.
  • D. Create revenue prices in the Euro currency.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C.
You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?

  • A. Priority
  • B. Freeze Period
  • C. Source Document Type
  • D. Default Classification
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

  • A. when a pricing dimension structure Instance Is enabled for pricing bands
  • B. when a pricing dimension structure is enabled for pricing bands
  • C. when a source document type is enabled to use pricing bands
  • D. when a value set segment label of Set Band is used
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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