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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.

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

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

5. Revenue Contracts

  • Manage contracts and Revenue

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

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Oracle 1Z0-1059-20 Exam Syllabus Topics:

SectionWeightObjectives
Setup and Configuration28%- Configure revenue management options and profile values
- Set up accounting rules and ledger integration
- Define system and application setup requirements
Integration and Reporting12%- Explain integration requirements with Oracle Cloud ERP and third-party systems
- Create custom reporting objects
- Use delivered reports and OTBI analytics
Revenue Management Overview and Principles20%- Describe Revenue Management Cloud architecture and components
- Explain core revenue recognition standards (ASC 606, IFRS 15)
Revenue Contracts and Performance Obligations22%- Define and manage performance obligations
- Identify customer contracts and manage contract rules
- Process contract modifications and contingencies
Standalone Selling Prices18%- Define and configure SSP profiles
- Apply allocation methods for transaction pricing
- Manage observed, estimated, and fallback SSP methods

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