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Oracle 1Z0-1059-20 exam, also known as the Oracle Revenue Management Cloud Service 2020 Implementation Essentials exam, is a certification exam designed for professionals who want to demonstrate their expertise in implementing and managing Oracle Revenue Management Cloud Service. Passing 1Z0-1059-20 exam validates your skills and knowledge of Oracle Revenue Management Cloud Service, which is a popular cloud-based solution for managing revenue and billing processes.

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Oracle 1Z0-1059-20 exam consists of 60 multiple-choice questions that have to be answered within 105 minutes. 1Z0-1059-20 exam is designed to test the candidate's knowledge and skills in various areas, including the configuration of the Oracle Revenue Management Cloud Service 2020, the use of the Revenue Management Cloud Dashboard, and the management of customer accounts and contracts. 1Z0-1059-20 exam also tests the candidate's knowledge of the integration of the Oracle Revenue Management Cloud Service 2020 with other Oracle Cloud services, such as Oracle Financials Cloud and Oracle Sales Cloud. Passing this certification exam demonstrates that the candidate has the necessary skills and knowledge to successfully implement and configure the Oracle Revenue Management Cloud Service 2020.

Reference: https://education.oracle.com/oracle-revenue-management-cloud-service-2020-implementation-essentials/pexam_1Z0-1059-20

Oracle 1Z0-1059-20 Exam Syllabus Topics:

SectionObjectives
Reporting and Monitoring- Transaction and contract reporting
- Revenue dashboards and analytics
Setup and Configuration- System setup and prerequisites
- Account and contract setup
- Revenue management configuration tasks
Revenue Recognition Processing- Revenue scheduling and recognition events
- Accounting integration and journal entries
- Revenue allocation rules
Revenue Management Fundamentals- Core concepts of revenue recognition (ASC 606 / IFRS 15)
- Overview of Oracle Revenue Management Cloud Service (RMCS)
Revenue Contracts Management- Standalone selling price allocation
- Performance obligations identification
- Creating and managing revenue contracts

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