Exam Name: Oracle Revenue Management Cloud Service 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Cloud
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The Oracle 1Z0-1059-21 exam has become a hot certification test — and at TestKingsIT, we believe customer success and product quality go side by side. Prepare for the Oracle Revenue Management Cloud Service 2021 Implementation Essentials exam with 82 practice questions for the 1Z0-1059-21 exam, produced by senior IT professionals.
Oracle 1Z0-1059-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Standalone Selling Price Configuration | - Define and manage standalone selling prices - Monitor and adjust pricing data - Configure price profiles and derivation rules |
| Revenue Management Setups | - Configure system options and profile options - Set up accounting rules and ledgers - Define contract identification rules |
| Integration and Accounting | - Load data using FBDI templates - Analyze subledger accounting entries - Describe integration with Oracle Cloud ERP |
| Revenue Management Overview | - Describe user interface and navigation - Explain revenue principles (ASC 606, IFRS 15) |
| Revenue Contracts and Processing | - Manage contract modifications - Process customer contract source documents - Allocate transaction price - Identify contracts and performance obligations |
| Reporting and Analytics | - Create OTBI reporting objects - Use predefined reports and dashboards |
1Z0-1059-21 Exam FAQ: The Answers That Matter
Yes — TestKingsIT offers a free demo of the Oracle Revenue Management Cloud Service 2021 Implementation Essentials questions so you can evaluate the quality first. After purchase, 365 days of free updates are included; when the year ends, extend the update service at a 50% discount from your member zone.
The 1Z0-1059-21 exam is Oracle's official certification test — pass it and the Oracle Revenue Management Cloud Service 2021 Certified Implementation Specialist credential is yours, a certification at the Specialist level. It is considered a hot exam because employers consistently treat its certificate as proof of job-ready skill.
Each Oracle Revenue Management Cloud Service 2021 Implementation Essentials attempt costs USD 245, and 64% is the passing mark. Retakes are billed in full again, so preparation is where the money is saved. Drill with TestKingsIT practice questions until your timed mock scores clear 64% comfortably, then book the 1Z0-1059-21 exam once.
Oracle recommends these options:
Training teaches the theory; the 82 practice questions for the 1Z0-1059-21 exam from TestKingsIT prove it under exam conditions.
The Oracle Revenue Management Cloud Service 2021 Implementation Essentials exam gives you 90 minutes for 55-60 questions. That time budget rewards decisiveness — confident answers, quick flags, no lingering. Rehearse the rhythm in the TestKingsIT test engine with full timed sessions until the real 1Z0-1059-21 exam feels like one more practice run.
The Oracle Revenue Management Cloud Service 2021 Implementation Essentials syllabus covers 6 areas, led by Revenue Contracts and Processing, Standalone Selling Price Configuration, Revenue Management Setups. Study the heavy domains first; the full outline sits in the section above this page.
No mandatory prerequisites; recommended hands-on experience with Oracle Financials Cloud These rules come from Oracle and evolve over time, so verify them on the official exam page: https://education.oracle.com/oracle-revenue-management-cloud-service-2021-implementation-essentials/pexam_1Z0-1059-21 before registering for the Oracle Revenue Management Cloud Service 2021 Implementation Essentials exam.
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Registration runs through Oracle's official channels:
Keep in mind the exam is delivered via Online proctored or onsite at Pearson VUE test centers.
Oracle Revenue Management Cloud Service 2021 Implementation Essentials Sample Questions:
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS 15 versus the old standard?
- A. Expected consideration value is applicable to all industries.
- B. Pricing estimates cannot be used In the absence of pricing data.
- C. Revenue and performance obligation liabilities are not dependent on billing.
- D. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
Correct Answer: A,B 🗳️
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?
- A. Items
- B. SSP Tolerance Usage
- C. Observed Standalone Selling Prices
- D. Pricing Dimension Assignment
- E. Estimated Standalone Selling Prices
Correct Answer: C,D,E 🗳️
Which is NOT a Price Band Type?
- A. Quantity Band
- B. Percentage Band
- C. Amount Band
- D. Set Band
Correct Answer: B 🗳️
Which three tasks are associated with defining a Pricing Dimension Structure?
- A. Analyze pricing policies across products and services.
- B. Assign required segment labels to each segment.
- C. Include user friendly prompts for each segment.
- D. Create multiple instances for a given Pricing Dimension Structure.
- E. Define up to 20 segments and name them.
- F. Define up to 30 segments and name them.
Correct Answer: A,B,F 🗳️
Which statement is NOT applicable to Performance Obligation Templates?
- A. Oracle delivers three predefined Performance Obligation Templates,
- B. Performance Obligation Templates are specific to the business and cannot be predefined.
- C. Performance Obligation Templates can be associated to a Revenue Price Profile.
- D. Performance Obligation Templates take precedence over Performance Obligation Rules.
Correct Answer: A 🗳️
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