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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
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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
Oracle 1Z0-1059-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| 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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