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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Revenue Management Cloud Service 2024 Implementation Professional |
| Exam Number: | 1Z0-1059-24 |
| Available Languages: | English |
| Passing Score: | 68% |
| Exam Price: | $245 (varies by country/Oracle University pricing) |
| Exam Duration: | 90 minutes |
| Exam Format: | Proctored Online, Multiple Choice |
| Related Certifications: | Oracle Cloud Applications Certifications Oracle Financials Cloud Certifications |
| Real Exam Qty: | 50 |
| Certificate Validity Period: | Typically 18–36 months (Oracle certification policy varies by track) |
| Recommended Training: | Oracle Financials Cloud Training Path Oracle Revenue Management Cloud Training (Oracle University) |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: | Oracle 1Z0-1059-24 Sample Questions |
| Exam Way: | Online proctored exam via Oracle testing platform or authorized test centers |
| Pre Condition: | No mandatory prerequisites; Oracle recommends familiarity with Oracle Financials Cloud and revenue recognition concepts (ASC 606 / IFRS 15). |
| Official Syllabus URL: | https://education.oracle.com |
| Section | Objectives |
|---|---|
| Data Processing and Integration | - Source document processing - FBDI data upload templates - Revenue recognition automation flows |
| Revenue Management Fundamentals | - Revenue Management overview and architecture - Integration with Oracle Cloud Applications - Revenue recognition principles (ASC 606 / IFRS 15) |
| Configuration and Setup | - Price bands and allocation rules - Standalone Selling Price (SSP) setup and management - Revenue Management application configuration |
| Revenue Contracts Management | - Contract modifications and updates - Performance obligations identification - Contract creation and maintenance |
| Accounting and Reporting | - OTBI reporting and analytics - Revenue accounting entries - Subledger Accounting (SLA) integration |
The 1Z0-1059-24 exam (Oracle Revenue Management Cloud Service 2024 Implementation Professional) is the official Oracle exam that leads to the Oracle Revenue Management Cloud Service 2024 Implementation Professional certification, a credential at the Professional level. Related certifications include Oracle Cloud Applications Certifications, Oracle Financials Cloud Certifications. Actual4test provides 85 practice questions to help you prepare for it with confidence.
The 1Z0-1059-24 exam contains 50 questions and gives you 90 minutes to finish them. Before exam day, divide the total time by the question count so you know the pace you need to keep, and flag difficult items instead of getting stuck on them. Running at least one full timed session in the Actual4test test engine is the best way to make that time pressure feel familiar.
You need 68% to pass, and the official registration fee is $245 (varies by country/Oracle University pricing). Keep in mind that a failed attempt means paying that fee in full again, so it pays to test yourself first. When your scores on the Actual4test timed practice tests stay consistently above the passing line, you are ready to book the exam.
No mandatory prerequisites; Oracle recommends familiarity with Oracle Financials Cloud and revenue recognition concepts (ASC 606 / IFRS 15). Requirements can change over time, so always double-check the latest eligibility rules before you register on the official Oracle exam page.
You can book your exam through the official registration channels:
The exam is delivered in the following way: Online proctored exam via Oracle testing platform or authorized test centers.
Oracle recommends the following training options for this exam:
Official courses build the foundation, and the 85 1Z0-1059-24 practice questions from Actual4test help you turn that knowledge into exam-day performance.
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The 1Z0-1059-24 syllabus is organized into 5 exam domains. Among the first three are Configuration and Setup, Data Processing and Integration, Revenue Management Fundamentals. For the complete breakdown of topics and subtopics, see the Exam Topics section above.
Question 1
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. Populate exchange rates in Revenue Price Profile.
C. Populate Conversion Rate Type in System Options.
D. Create source document types specifically for Euro documents.
Question 2
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?
A. recognizes revenue if any satisfaction events exist
B. allocates the SSP to various performance obligations
C. creates the accounting for the stages in the process
D. creates customer contracts and performance obligations
E. allocates the SSP to various satisfaction events
Question 3
What does the creation of an allocation allow you to determine?
A. the ability not to revise previously reported revenue for revision, corrections, and other changes
B. an allocation of the expected consideration over the performance obligations as if you had sold them separately
C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
D. the fair value of each performance obligation
Question 4
Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?
A. 60 User Extensible Fields
B. 90 User Extensible Fields
C. 10 User Extensible Fields
D. 50 User Extensible Fields
Question 5
Which three attributes are helpful in defining a Contract Identification Rule?
A. Delivery Address
B. Business Unit
C. Product Description
D. Quote Number
E. Bill To Customer
F. Ledger
Solutions:
| Question 1 Answer: C | Question 2 Answer: C | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: A,C,D |
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