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Objective-based questions on 1Z0-1059-21 exam aim to cover topics such as the platform's architecture, data models, reporting, and analytics capabilities. Candidates possessing relevant knowledge and experience in revenue management implementations can excel in 1Z0-1059-21 exam by presenting a comprehensive understanding of the platform. Obtaining the Oracle 1Z0-1059-21 certification demonstrates expertise in Oracle Revenue Management Cloud Service, making it an essential certification for professionals aiming to specialize in revenue management.

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Oracle 1Z0-1059-21 certification exam tests the candidate's proficiency in key areas such as revenue recognition, revenue allocation, accounting, integration, and reporting. 1Z0-1059-21 exam consists of 60 multiple-choice questions and must be completed within 105 minutes. To pass the exam, candidates must score a minimum of 68%. Oracle Revenue Management Cloud Service 2021 Implementation Essentials certification is ideal for implementation consultants, solution architects, and developers who want to showcase their expertise in Oracle Revenue Management Cloud Service and advance their career in the field.

Reference: https://education.oracle.com/oracle-revenue-management-cloud-service-2021-implementation-essentials/pexam_1Z0-1059-21

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Oracle 1Z0-1059-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Revenue Management Fundamentals- Revenue Recognition Principles
  • 1. Revenue Contracts
  • 2. IFRS 15 and ASC 606 Concepts
  • 3. Performance Obligations
Topic 2: Revenue Management Configuration- System Setup
  • 1. Source Document Configuration
  • 2. Business Units and Ledgers
  • 3. Revenue Policies
Topic 3: Customer Contracts Processing- Contract Management
  • 1. Contract Review and Validation
  • 2. Contract Modification
  • 3. Contract Identification
Topic 4: Integration and Data Import- Data Management
  • 1. Source Data Import
  • 2. FBDI Templates
  • 3. Integration with Oracle ERP Cloud
Topic 5: Performance Obligations and Pricing- Allocation Processing
  • 1. Standalone Selling Prices
  • 2. Transaction Price Allocation
  • 3. Revenue Scheduling
Topic 6: Revenue Recognition and Satisfaction Events- Recognition Processing
  • 1. Revenue Recognition Rules
  • 2. Satisfaction Plans
  • 3. Event-Based Recognition
Topic 7: Reporting and Monitoring- Analysis and Reconciliation
  • 1. Revenue Reports
  • 2. Contract Exception Handling
  • 3. Revenue Management Work Area

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