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The exam consists of 60 multiple-choice questions that need to be completed within 105 minutes. The questions are designed to test your knowledge and skills in areas such as configuring pricing, managing revenue recognition, managing billing and collections, and managing revenue analytics. The exam also tests your knowledge of the Oracle Revenue Management Cloud Service architecture and its integration with other Oracle Cloud Services.

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The Oracle 1z0-1059-22 exam is a valuable certification for professionals who work with Oracle Revenue Management Cloud Service. It demonstrates your expertise and proficiency in implementing and managing the service, which can enhance your career prospects and increase your value to your organization. The certification is recognized globally and can open up new opportunities for career growth and advancement.

Oracle Revenue Management Cloud Service 2022 Implementation Professional Sample Questions (Q76-Q81):

NEW QUESTION # 76
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?

A. Create revenue prices in the Euro currency.B. Create source document types specifically for Euro documents.C. Populate exchange rates in Revenue Price Profile.D. Populate Conversion Rate Type in System Options.

Answer: D

Explanation:
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/define-revenue-management.html#FAFRM2371348

NEW QUESTION # 77
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

A. ItemsB. Pricing Dimension AssignmentC. Estimated Standalone Selling PricesD. Observed Standalone Selling PricesE. SSP Tolerance Usage

Answer: B,C,D

NEW QUESTION # 78
A corporation does not have historical Standalone Selling Prices stored in Revenue Management. Which two options are available to help the corporation establish Standalone Selling Prices?

A. Navigate to the "Manage Standalone Selling Profiles" page and enter estimated prices manually for a given profile In the browser user Interface.B. Use the Revenue Basis Data Import FBDI template to load unit standalone selling prices.C. Run the Calculate Observed Standalone Selling Prices program to derive prices.D. Load estimated process to table VRM_SOURCE_DOCUMENTS using SQL script.E. Navigate to the "Manage Standalone Selling Profiles" page and download spreadsheet template to enter estimated prices manually.F. Navigate to the Revenue Management Work Area and enter estimated prices manually for a specific customer contract in the browser user Interface.

Answer: C,E

NEW QUESTION # 79
Which is a term under ASC 606 or IFRS 15?

A. requires completeB. promise detailC. initial performance eventD. transaction price

Answer: D

NEW QUESTION # 80
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

A. Apply appropriate patches to EBS.B. Set the Profile Option AR: Source System Value for Revenue Management.C. Run the Deploy System Options process.D. Set the System Options in EBS Receivables on the Revenue Management tab.E. Map the EBS Chart of Accounts to the Cloud General Ledger.

Answer: C,E

NEW QUESTION # 81
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