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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.
Oracle 1Z1-1059 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Revenue Management Reporting and Analysis | 10% | - Analyze revenue accounting entries - Create custom reports using OTBI - Use delivered reports and dashboards |
| Topic 2: Revenue Management Setup and Configuration | 28% | - Define system options and parameters - Configure Revenue Management Cloud Service |
| Topic 3: Revenue Contracts and Performance Obligations | 20% | - Manage contract modifications - Identify and allocate transaction price - Process customer contract source documents |
| Topic 4: Revenue Management Overview | 20% | - Revenue principles including ASC 606 and IFRS 15 - Integration requirements with other Oracle Cloud applications |
| Topic 5: Standalone Selling Prices | 22% | - Manage price lists and exceptions - Configure standalone selling price methods - Define revenue price profiles |
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