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Oracle Revenue Management Cloud is a cloud-based software solution that is designed to help businesses manage their revenue streams more effectively. It provides a centralized platform for managing revenue operations, including billing, contracts, and revenue recognition. The solution is designed to be flexible and scalable, allowing businesses to tailor it to their specific needs.

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Oracle 1Z1-1059 exam covers a range of topics related to revenue management, including revenue recognition, billing, invoicing, and accounting. 1Z1-1059 exam is designed to assess the candidate's understanding of the key concepts, principles, and best practices related to revenue management, as well as their ability to apply this knowledge to real-world scenarios.

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Oracle Revenue Management Cloud is a cloud-based solution that helps businesses maximize revenue by enabling them to effectively manage their pricing, billing, and revenue recognition processes. It streamlines the revenue recognition process, improves accuracy, and reduces risk, making it a valuable tool for finance and accounting professionals.

Reference: https://education.oracle.com/oracle-revenue-management-cloud-service-2019-implementation-essentials/pexam_1Z0-1059

Oracle 1Z1-1059 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Revenue Management Reporting and Analysis10%- Analyze revenue accounting entries
- Create custom reports using OTBI
- Use delivered reports and dashboards
Topic 2: Revenue Management Setup and Configuration28%- Define system options and parameters
- Configure Revenue Management Cloud Service
Topic 3: Revenue Contracts and Performance Obligations20%- Manage contract modifications
- Identify and allocate transaction price
- Process customer contract source documents
Topic 4: Revenue Management Overview20%- Revenue principles including ASC 606 and IFRS 15
- Integration requirements with other Oracle Cloud applications
Topic 5: Standalone Selling Prices22%- Manage price lists and exceptions
- Configure standalone selling price methods
- Define revenue price profiles

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