1Z0-1059-24

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1Z0-1059-24
1Z0-1059-24 Exam Dumps PDF + Practice Test
Exam: 1Z0-1059-24
Exam Name: Oracle Revenue Management Cloud Service 2024 Implementation Professional Exam
Certification(s): Oracle Cloud
Questions: 84 Questions Answers
Last Updated: May 26,2025
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Main points of Oracle 1Z0-1059-24 Test

The Oracle 1Z0-1059-24 exam, "Oracle Revenue Management Cloud Service 2024 Implementation Essentials", focuses on demonstrating your ability to implement and configure Oracle Revenue Management Cloud (RMC). The main points revolve around the following key areas:

  • Understanding Revenue Management Concepts: This includes a strong grasp of core revenue management principles, terminology, and processes. You need to know how RMC fits into a broader financial and operational context.

  • Setting Up and Configuring RMC: This is a significant portion of the exam. Expect questions on:

    • Account Setup and Management: Defining and managing accounts within RMC.
    • Product Catalog Management: Creating and managing product catalogs, including pricing, rates, and attributes.
    • Pricing Models Configuration: Implementing various pricing models offered by RMC, such as tiered pricing, volume discounts, etc.
    • Contract Management: Configuring and managing contracts within the system.
    • Revenue Recognition Rules: Setting up rules for accurate revenue recognition.

  • Data Management and Integration: Understanding how data flows into and out of RMC is crucial. This involves:

    • Data Import/Export: Knowing how to import and export data efficiently.
    • Data Integration with other Oracle Cloud Services: Connecting RMC with other relevant Oracle cloud applications (e.g., Financials Cloud).
    • Data Validation and Reconciliation: Ensuring data accuracy and consistency.

  • Reporting and Analytics: Generating and interpreting reports to analyze revenue performance. Understanding the available reporting tools and functionalities within RMC.

  • Security and Access Control: Implementing appropriate security measures to protect sensitive data within RMC. This includes user roles, permissions, and data security settings.

  • Implementation best practices: Understanding the best practices for implementing and utilizing Oracle Revenue Management Cloud Service, including considerations for optimization and efficiency. Troubleshooting and problem-solving skills will also be tested.

In summary, the 1Z0-1059-24 exam assesses your practical skills in configuring, implementing, and managing Oracle Revenue Management Cloud Service. It tests both your theoretical understanding of revenue management principles and your hands-on expertise in working with the RMC application. Preparation should include a thorough understanding of the application's functionalities and best practices, as well as hands-on experience.

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