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Oracle 1Z0-1059-24 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Revenue Management Cloud Service 2024 Implementation Professional |
| Exam Number: | 1Z0-1059-24 |
| Related Certifications: | Oracle Financials Cloud Implementation Professional |
| Certificate Validity Period: | Valid until June 30, 2025 |
| Available Languages: | English |
| Real Exam Qty: | 50 |
| Exam Price: | USD $245 |
| Exam Format: | Multiple Choice |
| Passing Score: | 68% |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Revenue Management Cloud Service Implementation Training |
| Exam Registration: | Oracle University Exam Registration Pearson VUE |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; recommended experience in implementing Oracle ERP and Financials Cloud solutions |
| Official Syllabus URL: | https://education.oracle.com/oracle-revenue-management-cloud-service-2024-certified-implementation-professional/trackp_OERPRM2024OPN |
Oracle 1Z0-1059-24 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Using Revenue Management Reporting | 20% | - Use and customize OTBI reports and analytics - Interpret standard delivered reports and dashboards |
| Topic 2: Configuring and Managing Standalone Selling Prices | 20% | - Manage pricing models and compliance requirements - Define and maintain standalone selling price hierarchies |
| Topic 3: Managing Revenue Contracts | 20% | - Load and validate contract data using FBDI templates - Analyze accounting entries and contract modifications - Process and maintain customer contracts and performance obligations |
| Topic 4: Configuring Revenue Management | 20% | - Define accounting rules and setups - Set up system parameters and application options |
| Topic 5: Revenue Management Overview | 20% | - Describe integration with other Oracle Financials Cloud modules - Explain revenue recognition principles including ASC 606 and IFRS 15 |
Oracle Revenue Management Cloud Service 2024 Implementation Professional Exam: FAQ for Serious Candidates
GuideTorrent issues a full refund if you take the Oracle Revenue Management Cloud Service 2024 Implementation Professional exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.
The official Oracle Revenue Management Cloud Service 2024 Implementation Professional outline defines 5 domains. The leading three are Managing Revenue Contracts (20%), Revenue Management Overview (20%), and Using Revenue Management Reporting (20%). The full list is in the topics section above, and GuideTorrent's 85 practice questions cover each one.
Three versions of the same study materials, offering three learning modes: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 85 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
No mandatory prerequisites; recommended experience in implementing Oracle ERP and Financials Cloud solutions Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
The 1Z0-1059-24 exam is a Oracle certification exam validating the Oracle Revenue Management Cloud Service 2024 Implementation Professional syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud Implementation Professional. Candidates in 2026 prepare for it with GuideTorrent's 85 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
Online proctored or onsite at Pearson VUE test centers Register for the Oracle Revenue Management Cloud Service 2024 Implementation Professional exam through these official channels:
After booking, GuideTorrent delivers your practice questions within 1 minute — preparation starts the same day.
Oracle recommends these training resources for the Oracle Revenue Management Cloud Service 2024 Implementation Professional exam:
Follow the training with steady self-testing — the 85 practice questions from GuideTorrent help you apply theory and fill any gaps the training leaves.
The Oracle Revenue Management Cloud Service 2024 Implementation Professional exam contains 50 to complete within 90 minutes. Timed simulation in the GuideTorrent Desktop Test Engine teaches that rhythm before exam day does.
The Oracle Revenue Management Cloud Service 2024 Implementation Professional exam requires 68% to pass, and registration costs USD $245. A failed attempt means paying the same fee again — a readiness check with the GuideTorrent engines before booking is the cheaper option.
Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions:
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?
- A. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
- B. You value the accrual at estimated consideration and it is a monetary debt.
- C. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
- D. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
- E. You accrue for goods and services that you owe to customers because either you or they have relied on the contract. You no longer defer revenue.
Correct Answer: E 🗳️
Which is Not a required piece of information when importing contract header information from a source file?
- A. Record Type
- B. Source System
- C. Currency code of source document
- D. Source Document Type code
- E. Source Document Unique Identifier Number 1
- F. Date of source Document
Correct Answer: E 🗳️
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?
- A. Suppliers
- B. Banks, branches and bank accounts
- C. Customers
- D. Inventory items
- E. Business Units
- F. Receivables configurations
Correct Answer: C,D,E 🗳️
Which setup Is required to enable integration between Order Management and Revenue Management?
- A. Create custom program to extract sales order and fulfillment data from Order Management.
- B. Configure settings In the Order Management section of the Manage Integrations for Revenue Management page.
- C. Define a source document type for the Order Management application and set satisfaction measurement model to quantity.
- D. Add Order Management in the Manage Trading Community Source Systems page.
- E. Define an Implied performance obligation template to create performance obligations associated to sales orders and return material authorizations.
- F. Assign Extraction Start Date for source document type DOO Sales Order in the Manage System Options for Revenue Management page.
Correct Answer: C 🗳️
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Review performance obligations by effective period.
- B. Analyze standalone selling prices for one or multiple effective periods.
- C. Drill down to data used to derive standalone selling prices.
- D. Monitor transaction price calculation and allocation.
- E. Diagnose revenue price profile.
Correct Answer: B,E 🗳️
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