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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:105 minutes
Exam Format:Multiple Choice Questions
Related Certifications:Oracle Revenue Management Cloud Service 2018 Certified Implementation Specialist
Real Exam Qty:60
Available Languages:English
Sample Questions: DOWNLOAD DEMO
Official Syllabus URL:https://education.oracle.com/exam_test?p_exam_id=1Z0-1018

Oracle 1Z1-1018 Exam Syllabus Topics:

SectionObjectives
Manage Contracts and Revenue
Standalone Selling Prices
Explain Revenue Principles (including new revenue recognition guidance under ASC 606 and IFRS 15)
OTBI and Delivered Reports
Revenue Contracts
Setup Revenue Management and Configure Standalone Pricing
Revenue Management Overview
Explain How to Create OTBI Reporting Objects
Revenue Management Setup and Configuration
Explain Revenue Management Integration Requirements

The 1Z1-1018 Exam: Ambition, Preparation, Policies

Per the latest exam information, the 1Z1-1018 exam presents 60 questions in 105 minutes minutes. Knowing the format precisely removes one major source of exam-day anxiety.

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

  • OTBI and Delivered Reports
  • Explain Revenue Management Integration Requirements
  • Standalone Selling Prices

The official outline lists further domains, all covered in our question bank.

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Oracle Revenue Management Cloud Service 2018 Implementation Essentials Sample Questions:

Question #1

A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:

Which Price Band Segment Label would be appropriate to use in this case?

  • A. Set Band
  • B. Quantity Band
  • C. Amount Band
  • D. Deal Size Band
Reveal Solution  Discussion  0

Correct Answer: C  πŸ—³οΈ

Question #2

Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

  • A. by calculating Total Transaction Price for contracts
  • B. by identifying and creating one or more performance obligations for a given accounting contract
  • C. by restricting users from excluding contract lines
  • D. by allowing manual allocation of Total Transaction Price across performance obligations
  • E. by grouping source document lines intro contracts for each identified customer
  • F. by only creating contracts that are source system specific
Reveal Solution  Discussion  0

Correct Answer: D,E,F  πŸ—³οΈ

Question #3

One way to upload customer contract data from a source system is through File Based Data Import (FBDI) using a spreadsheet template provided by Revenue Management.
What is the name of this spreadsheet template?

  • A. Customer Contract Source Data Import
  • B. Customer Contract Source Documents Import
  • C. Customer Sales Source Data Import
  • D. Customer Sales Data Source Documents Import
Reveal Solution  Discussion  0

Correct Answer: A  πŸ—³οΈ

Question #4

You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7
Based on the data displayed:

  • A. 4
  • B. 2
  • C. 3
  • D. 1
Reveal Solution  Discussion  0

Correct Answer: C  πŸ—³οΈ

Question #5

Revenue Management creates journal entries from a contract In order to recognize revenue properly. Which three event types are used by Revenue Management to create these journal entries?

  • A. Revenue Recognized
  • B. Performance Obligation Satisfied
  • C. Standalone Selling Prices Allocated
  • D. Initial Performance
  • E. Performance Obligation Billed
Reveal Solution  Discussion  0

Correct Answer: A,B,D  πŸ—³οΈ

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