Exam Name: Oracle Revenue Management Cloud Service 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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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 |
| Certificate Validity Period: | 18 months from earn date; retired May 31, 2022 |
| Exam Price: | USD 245 |
| Exam Format: | Multiple Choice |
| Passing Score: | 64% |
| Real Exam Qty: | 55-60 |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Revenue Management Cloud Implementation Training |
| Exam Registration: | Oracle University Exam Page Pearson VUE Registration |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud |
| 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:
| Section | Objectives |
|---|---|
| Revenue Contracts and Processing | - Allocate transaction price - Manage contract modifications - Process customer contract source documents - Identify contracts and performance obligations |
| Revenue Management Setups | - Define contract identification rules - Configure system options and profile options - Set up accounting rules and ledgers |
| Revenue Management Overview | - Describe user interface and navigation - Explain revenue principles (ASC 606, IFRS 15) |
| Integration and Accounting | - Load data using FBDI templates - Describe integration with Oracle Cloud ERP - Analyze subledger accounting entries |
| Standalone Selling Price Configuration | - Monitor and adjust pricing data - Define and manage standalone selling prices - Configure price profiles and derivation rules |
| Reporting and Analytics | - Create OTBI reporting objects - Use predefined reports and dashboards |
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The Oracle Revenue Management Cloud Service 2021 Implementation Essentials blueprint centers on these domains:
- Revenue Contracts and Processing
- Integration and Accounting
- Reporting and Analytics
The full official outline lists further domains, and our bank covers them all.
According to current exam information, the 1Z0-1059-21 exam presents 55-60 questions within a 90 minutes-minute limit. Timed practice sessions are the simplest way to make that constraint feel familiar before the real day.
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Oracle publishes the following prerequisites for the Oracle Revenue Management Cloud Service 2021 Implementation Essentials: No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud.
Always confirm the latest requirements on the official certification page.
At present, passing the 1Z0-1059-21 exam requires a score of 64%, and registration costs USD 245. Both are Oracle's figures and subject to change — verify them on the official site when booking.
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Oracle Revenue Management Cloud Service 2021 Implementation Essentials Sample Questions:
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 should you configure Revenue management to ensure that these items are grouped into one performance obligation?
- A. By defining a Revenue Item Group
- B. By defining a Performance Obligation Template.
- C. By defining a Standalone Selling Price Profile.
- D. By defining a Contact Identification Rule.
Correct Answer: A 🗳️
Which is NOT a Price Band Type?
- A. Amount Band
- B. Percentage Band
- C. Set Band
- D. Quantity Band
Correct Answer: B 🗳️
At which level does Oracle Revenue management perform accounting?
- A. Performance obligation level
- B. Legal entity level
- C. Contract level
Correct Answer: A 🗳️
In Revenue Management the Selling Amount and Allocated Amount may be different. How does Revenue Management account for this difference?
- A. It tracks the difference In a Discount Allocation Account at the contract level.
- B. It tracks the difference in a Write-off Allocation Account at the contract level.
- C. It tracks the difference in a Discount Allocation Account at the contract line level.
- D. It Tracks the difference in a Write-Off Allocation Account at the contract line level.
Correct Answer: C 🗳️
How can you access an implementation task in Functional Setup Manager. (choose 3)
- A. By navigating from the Implementation Project
- B. By navigating from the Welcome Springboard
- C. By navigation to an offering's functional area
- D. By searching
Correct Answer: A,C,D 🗳️
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