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Oracle 1Z1-1018 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Revenue Management Cloud Service 2018 Implementation Essentials
Exam Number:1Z0-1018
Exam Duration:120 minutes
Available Languages:English
Related Certifications:Oracle Financials Cloud
Oracle ERP Cloud Implementation Specialist
Exam Price:USD 245
Exam Format:Multiple Response, Multiple Choice
Recommended Training:Oracle Revenue Management Cloud Training
Exam Registration:Oracle Certification Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Online proctored or test center exam via Oracle Testing Centers
Pre Condition:Recommended experience with Oracle ERP Cloud and basic accounting/revenue recognition concepts.
Official Syllabus URL:https://education.oracle.com

Oracle 1Z1-1018 Exam Syllabus Topics:

SectionObjectives
Reporting and Troubleshooting- Revenue Reporting
- Error Handling and Diagnostics
Revenue Management Cloud Service Overview- Business Model and Subscription Concepts
- Revenue Recognition Principles
Integration and Accounting- Integration with Oracle ERP Cloud
- Accounting Rules and Ledger Posting
Setup and Configuration- Pricing and Revenue Rules Setup
- System Configuration and Setup Tasks
Revenue Allocation and Recognition- Revenue Scheduling and Recognition
- Standalone Selling Price Allocation
Contract Management- Contract Creation and Maintenance
- Performance Obligations

Measurable Oracle Revenue Management Cloud Service 2018 Implementation Essentials Prep: Questions Answered

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The Oracle Revenue Management Cloud Service 2018 Implementation Essentials blueprint covers these core domains:

  • Revenue Allocation and Recognition
  • Contract Management
  • Setup and Configuration

Further domains complete the official outline; the question bank addresses all of them.

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Oracle states the following prerequisites for the Oracle Revenue Management Cloud Service 2018 Implementation Essentials: Recommended experience with Oracle ERP Cloud and basic accounting/revenue recognition concepts..

Check the authoritative wording on the official certification page before booking.

Oracle Revenue Management Cloud Service 2018 Implementation Essentials Sample Questions:

Question #1

What does a Variable Consideration require?

  • A. that the consideration be monetary
  • B. a disclosure be made to the shareholders
  • C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
  • D. an estimate of the consideration be made at inception only
Reveal Solution  Discussion  0

Correct Answer: D  πŸ—³οΈ

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Question #2

Which three statements about Effective Periods are true?

  • A. Effective Periods only define the rage where standalone selling prices of an item should be effective.
  • B. You cannot have overlapping periods.
  • C. Effective Periods are used for standalone selling prices and for creating journal entries.
  • D. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
  • E. Gaps between periods are not allowed.
Reveal Solution  Discussion  0

Correct Answer: A,B,E  πŸ—³οΈ

Question #3

How many tabs does the Customer Contract Source Data Import Template have?

  • A. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
  • B. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
  • C. one tab that stores data for the VRM_SOURCE_DOCUMENTS table
  • D. four tabs that store data for the
    VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES,
    VRM_SOURCE_DOC_SUB_UNES, and VRM_PERF_OBLIG tables respectively
Reveal Solution  Discussion  0

Correct Answer: A  πŸ—³οΈ

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Question #4

What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

  • A. Create a reporting ledger.
  • B. Create a new primary ledger.
  • C. Using their existing primary ledger.
  • D. Create a secondary ledger.
Reveal Solution  Discussion  0

Correct Answer: C  πŸ—³οΈ

Question #5

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.
Reveal Solution  Discussion  0

Correct Answer: B,C  πŸ—³οΈ

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