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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 |
| Certificate Validity Period: | 18 Months |
| Exam Duration: | 90 minutes |
| Exam Format: | Multiple Choice |
| Related Certifications: | Oracle Revenue Management Cloud Service Implementation Professional Oracle Financials Cloud Certification |
| Real Exam Qty: | 50 |
| Available Languages: | English |
| Passing Score: | 68% |
| Exam Price: | $245 USD |
| Sample Questions: |  |
| Exam Way: | Online proctored exam or test center delivery through Oracle Certification Program. |
| Pre Condition: | Candidates should have experience implementing Oracle ERP Financials Cloud solutions and understanding revenue recognition standards such as ASC 606 and IFRS 15. |
| Official Syllabus URL: | https://education.oracle.com/oracle-revenue-management-cloud-service-2026-implementation-professional/pexam_1Z0-1059-26 |
Oracle 1Z0-1059-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Integration and Data Management | - Enterprise Integration
|
| Contract Asset and Liability Management | - Contract Accounting
|
| Reporting and Analytics | - Revenue Reporting
|
| Revenue Management Overview | - Revenue Management Fundamentals
|
| Revenue Management Configuration | - Application Setup
|
| Revenue Recognition Processing | - Revenue Recognition Activities
|
| Customer Contract Identification | - Source Document Processing
|
| Performance Obligation Management | - Obligation Identification and Allocation
|
1Z0-1059-24 Exam Questions and Answers
Candidates should have experience implementing Oracle ERP Financials Cloud solutions and understanding revenue recognition standards such as ASC 606 and IFRS 15.
- Revenue Recognition Processing ()
- Revenue Management Configuration ()
- Contract Asset and Liability Management ()
Allocate study time in proportion to each topic's weight.
The 1Z0-1059-24 exam has 50 questions with a 90 minutes-minute time limit. Practicing under the same constraints on LatestCram builds the pacing habits you will need on test day.
The PC engine installs on your computer and simulates the real exam scenario with timed tests and performance marking. The online engine runs in your browser, needs no installation, works on most devices, and is often the more stable option when you switch machines frequently.
A passing result on 1Z0-1059-24 requires 68%, and the official exam fee is $245 USD. Knowing both numbers upfront helps you budget your study time and money realistically.
The package includes 85 practice questions for the 1Z0-1059-24 exam, covering the current Oracle Revenue Management Cloud Service 2024 Implementation Professional objectives with verified answers.
We support Credit Card payment because it is built around buyer protection: if a purchase issue ever arises, the card network's dispute process protects your money. Combined with our refund policy, that keeps your Oracle Revenue Management Cloud Service 2024 Implementation Professional purchase low-risk.
Oracle Revenue Management Cloud Service 2024 Implementation Professional Sample Questions:
What is a Standalone Selling Price (SSP)?
- A. the sum of the SSPs of the components
- B. the average of your bundled price
- C. the price you would use if you sold to a customer separately
- D. the list price
Correct Answer: C 🗳️
What is a contract modification?
- A. an increase or decrease in expected collectability
- B. a change (modification) to the contract data
- C. a revision or correction to the estimate of variable consideration made at inception
- D. a change to the contract caused by negotiation with the customer
Correct Answer: D 🗳️
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
Besides Unit SSP Price, Currency and Unit of Measure, which three additional attributes are required when loading prices for items, memo lines and/or Item groups?
- A. Pricing Dimension
- B. SSP Type
- C. Tolerance ranges
- D. Performance Obligation Template
- E. Item Identifier
- F. Reason
Correct Answer: A,B,C 🗳️
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Monitor transaction price calculation and allocation.
- B. Review performance obligations by effective period.
- C. Drill down to data used to derive standalone selling prices.
- D. Diagnose revenue price profile.
- E. Analyze standalone selling prices for one or multiple effective periods.
Correct Answer: D,E 🗳️
Which statement is true regarding natural accounts: Contract Liability, Contract Asset, Price Variance, and Contract Discount?
- A. These accounts are not relevant to Revenue Management.
- B. If nonexistent, these accounts need to be added to the chart of accounts.
- C. These accounts are optional in Revenue Management.
- D. If nonexistent, these accounts are added automatically to the chart of accounts.
Correct Answer: D 🗳️
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