Knowing where you stumble is half of studying. The ExamTorrent online engine for the 1Z0-1059-20 exam keeps your test history and reviews performance after every session — 73 practice questions that reveal your obstacles so you can overcome them.
Oracle 1Z0-1059-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Revenue Management Cloud Service 2020 Implementation Essentials |
| Exam Number: | 1Z0-1059-20 |
| Related Certifications: | Oracle Cloud Financials Oracle Revenue Management Cloud Service Oracle ERP Cloud |
| Exam Price: | USD 245 |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Certificate Validity Period: | 2 years |
| Exam Format: | Multiple Response, Multiple Choice |
| Passing Score: | 65% |
| Real Exam Qty: | 55-65 |
| Recommended Training: | Oracle Revenue Management Cloud Service Training |
| Exam Registration: | Oracle Certification Portal |
| Sample Questions: |  |
| Exam Way: | Online proctored or test center exam via Oracle testing provider (Pearson VUE) |
| Pre Condition: | Recommended: Familiarity with Oracle ERP Cloud and basic accounting principles (ASC 606 / IFRS 15). |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1059-20 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Revenue Recognition Processing | - Revenue allocation rules - Accounting integration and journal entries - Revenue scheduling and recognition events |
| Reporting and Monitoring | - Transaction and contract reporting - Revenue dashboards and analytics |
| Setup and Configuration | - System setup and prerequisites - Account and contract setup - Revenue management configuration tasks |
| Revenue Contracts Management | - Performance obligations identification - Creating and managing revenue contracts - Standalone selling price allocation |
| Revenue Management Fundamentals | - Core concepts of revenue recognition (ASC 606 / IFRS 15) - Overview of Oracle Revenue Management Cloud Service (RMCS) |
Everything About the Oracle Revenue Management Cloud Service 2020 Implementation Essentials Exam
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The Oracle Revenue Management Cloud Service 2020 Implementation Essentials exam contains 55-65 to complete within 120 minutes. Knowing your pacing beforehand is exactly what the ExamTorrent Desktop Test Engine's timed simulations are for.
Online proctored or test center exam via Oracle testing provider (Pearson VUE) Register for the Oracle Revenue Management Cloud Service 2020 Implementation Essentials exam through these official channels:
After booking, ExamTorrent delivers your practice questions within 1 minute — preparation starts the same day.
Three versions of the same study materials, provided because different customers have various needs: a printable, expert-prepared PDF in Q&A form with free demo download and instant access; a Desktop Test Engine for Windows that simulates the real exam with two practice modes and works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. The 73 practice questions are identical across versions — just choose the one you like. All include 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
The official Oracle Revenue Management Cloud Service 2020 Implementation Essentials outline defines 5 domains. The leading three are Reporting and Monitoring, Setup and Configuration, and Revenue Contracts Management. The full list is in the topics section above, and ExamTorrent's 73 practice questions cover each one.
Recommended: Familiarity with Oracle ERP Cloud and basic accounting principles (ASC 606 / IFRS 15). Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
The 1Z0-1059-20 exam is a Oracle certification exam validating the Oracle Revenue Management Cloud Service 2020 Implementation Essentials syllabus shown above. It belongs to these credential paths: Oracle Cloud Financials, Oracle ERP Cloud, Oracle Revenue Management Cloud Service. Candidates in 2026 prepare for it with ExamTorrent's 73 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
The Oracle Revenue Management Cloud Service 2020 Implementation Essentials exam requires 65% to pass, and registration costs USD 245. A failed attempt means paying the same fee again — a readiness check with the ExamTorrent engines before booking is the cheaper option.
Oracle recommends these training resources for the Oracle Revenue Management Cloud Service 2020 Implementation Essentials exam:
Follow the training with steady self-testing — the 73 practice questions from ExamTorrent make that routine easy to maintain.
Oracle Revenue Management Cloud Service 2020 Implementation Essentials Sample Questions:
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?
- A. by identifying and creating one or more performance obligations for a given accounting contract
- B. by calculating Total Transaction Price for contracts
- C. by allowing manual allocation of Total Transaction Price across performance obligations
- D. by only creating contracts that are source system specific
- E. by grouping source document lines intro contracts for each identified customer
- F. by restricting users from excluding contract lines
Correct Answer: C,D,E 🗳️
What is a Standalone Selling Price (SSP)?
- A. the average of your bundled price
- B. the list price
- C. the price you would use if you sold to a customer separately
- D. the sum of the SSPs of the components
Correct Answer: C 🗳️
You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C. You then decide that Rule C needs to be the first rule executed when the "Identify Customer Contracts" process runs.
Which attribute needs to be updated to achieve this objective?
- A. Source Document Type
- B. Priority
- C. Default Classification
- D. Freeze Period
Correct Answer: B 🗳️
You define a Contract Identification Rule that uses the following source document attributes to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
How many contracts will be created In Revenue Management?
- A. 5
- B. 3
- C. 1
- D. 4
- E. 0
Correct Answer: B 🗳️
What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS
15 versus the old standard?
- A. Revenue and performance obligation liabilities are not dependent on billing.
- B. Expected consideration value is applicable to all industries.
- C. Pricing estimates cannot be used In the absence of pricing data.
- D. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
Correct Answer: B,C 🗳️
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