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Oracle 1Z0-1059-21 exam, also known as the Oracle Revenue Management Cloud Service 2021 Implementation Essentials exam, is a certification exam designed for professionals who want to demonstrate their expertise in implementing and managing revenue management solutions using the Oracle Revenue Management Cloud Service. 1Z0-1059-21 exam validates the skills and knowledge required to use the Oracle Revenue Management Cloud Service to manage revenue, billing, and contract processes, among other things.
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Oracle 1Z0-1059-21 certification exam is designed to test the knowledge and skills of professionals who are interested in implementing Oracle Revenue Management Cloud Service 2021. Oracle Revenue Management Cloud Service 2021 Implementation Essentials certification exam is an essential requirement for individuals who want to demonstrate their expertise in the implementation of the Oracle Revenue Management Cloud Service.
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Oracle Revenue Management Cloud Service solution is a cloud-based platform that enables businesses to automate revenue recognition processes, manage contracts and billing, and streamline revenue management operations. The 1Z0-1059-21 Exam covers the key concepts and features of the Oracle Revenue Management Cloud Service solution, including revenue recognition, contract management, billing and invoicing, and revenue forecasting.
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| Section | Objectives |
|---|---|
| Topic 1: Revenue Contracts Processing | - Allocation of transaction price - Contract import and source document processing - Performance obligations and satisfaction rules |
| Topic 2: Setup and Configuration | - Performance obligation identification rules - Revenue Management system options - Contract identification rules |
| Topic 3: Revenue Management Overview | - Revenue recognition principles (ASC 606 / IFRS 15) - Revenue Management architecture and integration |
| Topic 4: Accounting and Reporting | - Subledger Accounting integration - Revenue recognition and journal creation - Reporting and reconciliation |
| Topic 5: Standalone Selling Price (SSP) | - Revenue price profiles - SSP derivation methods |
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