Exam Code: 1Z0-1059-21
Exam Name: Oracle Revenue Management Cloud Service 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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Every retake of the 1Z0-1059-21 exam is another full fee out of your pocket. Practicing first with the Oracle Revenue Management Cloud Service 2021 Implementation Essentials questions from PrepAwayPDF costs a fraction of that and shows you exactly where you stand before test day.

Oracle 1Z0-1059-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Revenue Management Cloud Service 2021 Implementation Essentials
Exam Number:1Z0-1059-21
Exam Price:$245 USD
Certificate Validity Period:Oracle Cloud certifications generally remain valid until the associated product version is retired
Passing Score:65%
Related Certifications:Oracle Revenue Management Cloud Service 2021 Certified Implementation Professional
Exam Duration:105 minutes
Available Languages:English
Real Exam Qty:60
Exam Format:Multiple Response, Multiple Choice
Sample Questions: DOWNLOAD DEMO
Exam Way:Pearson VUE Testing Center or Oracle Online Proctored Exam
Pre Condition:No mandatory prerequisite exam. Oracle recommends hands-on experience implementing Oracle Revenue Management Cloud Service.
Official Syllabus URL:https://education.oracle.com/oracle-revenue-management-cloud-service-2021-implementation-essentials/pexam_1Z0-1059-21

Oracle 1Z0-1059-21 Exam Syllabus Topics:

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

1Z0-1059-21 Exam Questions and Answers

Expect 60 questions with a time limit of 105 minutes. The smart move is to treat time as a resource: allocate a rough budget per question, mark the stubborn ones and move on, then return with fresh eyes. Two or three full timed runs in the PrepAwayPDF desktop engine — which recreates the real exam environment — will calibrate your pace far better than untimed reading ever could.

No mandatory prerequisite exam. Oracle recommends hands-on experience implementing Oracle Revenue Management Cloud Service. Keep in mind that vendors adjust their requirements over time, so verify the current rules on the official exam page (1Z0-1059-21 official exam details) before you schedule anything.

Let's take delivery first: the instant your payment is confirmed, your download links activate and a copy is emailed to you within a minute — install on as many computers as you like, and if nothing arrives within 2 hours, our support team will sort it out. Now the safety net: sit the corresponding 1Z0-1059-21 exam within 60 days of purchase and, if you don't pass, claim a full refund under our 100% Money Back Guarantee by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam; processing finishes within 7 days. Conditions apply: exams taken within 3 days of purchase are excluded, the candidate's name must match the payer's, and free or expired products aren't eligible. If you'd rather exchange than refund, we'll give you two other exam products of equal value for free, and your original updates keep running.

Per the official blueprint, the Oracle Revenue Management Cloud Service 2021 Implementation Essentials is organized into 7 domains — among them Revenue Management Configuration, Revenue Management Fundamentals, Customer Contracts Processing. The weights show where the exam spends its questions, so let them guide your study hours. The full domain-and-subtopic breakdown is in the outline section above.

Yes. Try the free PDF demo first — it shows you the exact question style and answer quality before you spend anything. When you buy, 365 days of free updates come standard, with the newest versions sent straight to your mailbox; if your update period lapses later, you can renew it at 50% off in your member zone.

The official fee for the 1Z0-1059-21 exam is $245 USD, and passing requires 65%. Remember that the fee buys exactly one attempt — a retake costs the same amount again. That is a good reason to rehearse with the 82 practice questions from PrepAwayPDF until you're consistently scoring past the threshold before paying for the real thing.

The Oracle Revenue Management Cloud Service 2021 Implementation Essentials is the vendor's official exam for the Oracle Cloud certification, a credential at the Professional level. It is widely recognized because it verifies genuine, job-ready skill — exactly what employers shortlist for. It also connects to related credentials including Oracle Revenue Management Cloud Service 2021 Certified Implementation Professional, which makes it a solid anchor for a longer certification roadmap.

Oracle Revenue Management Cloud Service 2021 Implementation Essentials Sample Questions:

When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

  • A. when it is a business requirement
  • B. when the Type is Fixed or Variable
  • C. when the Deferred Revenue box is checked
  • D. when Context Values are populated
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?

  • A. Customer Sales Source Data Import
  • B. Customer Contract Source Data Import
  • C. Customer Sales Data Source Documents Import
  • D. Customer Contract Source Documents Import
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?

  • A. Expected consideration value is applicable to all industries.
  • B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
  • C. Revenue and performance obligation liabilities are not dependent on billing.
  • D. Pricing estimates cannot be used In the absence of pricing data.
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

65-A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation. How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?

  • A. By defining a grouping rule on the customer class
  • B. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
  • C. By defining an item group and assigning that to the rule
  • D. By defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
  • E. By defining an exclusion rule to exclude customer classes that are "Retail"
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

Correct Answer: A  🗳️

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