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Oracle Revenue Management Cloud Service is a cloud-based solution that enables organizations to manage their revenue and accounting processes efficiently. It provides a comprehensive suite of tools and features that help businesses to automate revenue recognition, reduce errors, and improve compliance. The Oracle 1z0-1059-22 exam is focused on assessing the candidate's knowledge and skills in configuring and implementing the Oracle Revenue Management Cloud Service.

Reference: https://education.oracle.com/oracle-revenue-management-cloud-service-2022-implementation-professional/pexam_1Z0-1059-22

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Oracle Revenue Management Cloud Service provides a complete solution for managing revenue and billing processes. It enables organizations to automate and streamline their revenue management processes, from contract creation to revenue recognition. This cloud-based solution is designed to help organizations increase revenue, reduce costs, and improve customer satisfaction. To implement this solution effectively, professionals need to have a deep understanding of revenue management principles and the technical expertise to configure and customize the solution to meet the unique needs of their organization.

Oracle 1z0-1059-22 exam covers topics such as revenue management fundamentals, revenue contracts, revenue accounting, and revenue recognition. Candidates are required to have a solid understanding of these topics, as well as the ability to configure and customize the Oracle Revenue Management Cloud Service to meet specific business requirements. 1z0-1059-22 exam consists of 80 multiple-choice questions and has a time limit of 120 minutes. A passing score of 70% or higher is required to earn the Oracle Revenue Management Cloud Service 2022 Implementation Professional certification.

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Oracle 1z0-1059-22 Exam Syllabus Topics:

SectionWeightObjectives
Revenue Management Setups28%- Configure and manage standalone selling prices
- Configure the Revenue Management application
- Standalone selling price and related configurations
Revenue Management Reporting20%- Use delivered reports
- Create OTBI reporting objects
Revenue Management Overview25%- Describe Revenue Management integration requirements
- Explain revenue principles including ASC 606 and IFRS 15
Revenue Contracts27%- Describe Revenue Management user interface
- Analyze accounting in Revenue Management
- Load data using FBDI templates
- Process customer contract source documents
- Explain contracts, performance obligations and contract maintenance
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