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| 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/ |
| Section | Objectives |
|---|---|
| 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 |
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:
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The Oracle Revenue Management Cloud Service 2021 Implementation Essentials blueprint is organized around these main domains:
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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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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Which three statements about Effective Periods are true?
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?
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?
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?
Correct Answer: A 🗳️
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?
Correct Answer: B 🗳️
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