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How to Prepare For Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam

Preparation Guide for Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam

Introduction

Oracle offers the most encompassing, up-to-date, and sought after global training and certification program for IT professionals.

Certification is evidence of your skills, expertise in those areas in which you like to work. If the candidate wants to work on 1z0-1059-20 and prove his knowledge, Certification offered by Oracle. This 1z0-1059-20 Certification helps a candidate to validates his skills in revenue management of the Oracle cloud services.

In this guide, we will cover the 1z0-1059-20 Exam, 1z0-1059-20 Certified professional salary and all aspects of the 1z0-1059-20 Certification.

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Topics of Oracle Revenue Management Cloud Service 2020 Implementation Essentials 1z0-1059-20 Exam

Candidates must know the exam topics before they start of preparation. Our 1z0-1059-20 Dumps will include the following topics:

1. Revenue Management Overview

  • Explain Revenue Management Integration Requirements
  • Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)

2. Standalone Selling Prices

  • Setup Revenue Management and configure standalone pricing

3. Revenue Management Reporting

  • Explain delivered reports uses and processes
  • Explain how to create OTBI reporting objects

4. Revenue Management Setup and Configuration

  • Configure Revenue Management Cloud Services
  • NOTE: Placeholder for future Objective for another skill under Setup and Config

5. Revenue Contracts

  • Manage contracts and Revenue

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
Topic 1: Revenue Recognition Processing- Revenue allocation rules
- Accounting integration and journal entries
- Revenue scheduling and recognition events
Topic 2: Setup and Configuration- System setup and prerequisites
- Account and contract setup
- Revenue management configuration tasks
Topic 3: Reporting and Monitoring- Transaction and contract reporting
- Revenue dashboards and analytics
Topic 4: Revenue Management Fundamentals- Overview of Oracle Revenue Management Cloud Service (RMCS)
- Core concepts of revenue recognition (ASC 606 / IFRS 15)
Topic 5: Revenue Contracts Management- Standalone selling price allocation
- Creating and managing revenue contracts
- Performance obligations identification

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