Exam: 1Z0-1106-2
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Here are the exam topics for the Oracle 1Z0-1106-2 exam, which is the
Oracle Revenue Management Cloud Service 2021 Implementation Essentials:
Revenue Management Overview
Explain the Revenue Management Cloud Service components and architecture
Describe the revenue management process flow
Revenue Contracts and Performance Obligations
Create and manage revenue contracts
Define performance obligations and associated attributes
Manage contract modifications and amendments
Revenue Elements and Events
Configure and manage revenue elements
Define and manage revenue events and triggers
Understand the use of revenue forecasting
Revenue Allocation and Recognition
Configure revenue allocation rules
Understand revenue recognition methods and models
Manage revenue recognition schedules
Revenue Reporting and Analysis
Generate standard and custom revenue reports
Analyze revenue performance and trends
Understand the use of dashboards and analytics
Integration and Security
Integrate Oracle Revenue Management Cloud Service with other systems
Understand security and access controls in revenue management
Please note that these exam topics are a general overview, and the actual exam
may cover additional subtopics within each area. It's important to refer to the
official Oracle documentation and training materials to gain a comprehensive
understanding of each topic.
we recommend thoroughly studying these exam topics, reviewing the related
documentation, and practicing hands-on with Oracle Revenue Management Cloud
Service to prepare effectively for the 1Z0-1106-2 exam.
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QUESTION 1
An HR Administrator has designed the performance evaluation process to suit
the competencies tied
to an employee role. The administrator also designed the ability to rate how an
employee progressed
throughout the year to show areas where they have improved. The performance
evaluation is
designed in such a way that employees can rate their competencies. Other than
this information,
what criteria is required?
A. Skills
B. Job Role
C. Goals
D. Communication Style
Answer: C
Goals provide a framework for employees to focus on achieving targets that align
with the
company's objectives. The performance evaluation process should be tied to the
employee's goals,
and the goals should be specific, measurable, achievable, relevant, and
time-bound. By aligning the
performance evaluation process with the employee's goals, the administrator can
measure the
progress of the employee, identify areas where the employee needs improvement,
and provide
feedback to help the employee achieve their goals.
QUESTION 2
An organization is designing their performance process flow. They would like
to have a simplified
process but also want to capture HR, employee, and manager feedback in the
evaluation. As a
standard practice, it was decided that once an employee completes their
performance selfevaluation,
it will then go to the next role. Which role is that?
A. Their manager
B. Their HR Business Partner
C. Remains in their talent profile
D. Their colleague to request peer feedback
Answer: B
According to the Oracle HCM Business Process Foundations Associate Rel 1
official book, the
performance process flow is typically designed such that once an employee
completes their selfevaluation,
it is then sent to their HR Business Partner for review. The HR Business Partner
will then
review and approve the employee’s evaluation before it is sent to the manager
for review and
approval. After the manager approves the evaluation, it is stored in the
employee’s talent profile.
QUESTION 3
Your organization uses Cloud Time and Labor for processing reported time and
needs to know the
options for entering time for Time and Labor to process. What are the three
options that can be used?
A. Time Sheets
B. Time Cards
C. Web Clock
D. Element Entry
E. Third Party Device
Answer: ABC
According to the Oracle HCM Business Process Foundations Associate Rel 1
official book, the three
options that can be used to enter time for Time and Labor to process are Time
Sheets, Time Cards,
and Web Clock. Time Sheets are used to report time for employees in a payroll
period, Time Cards
are used to report time for a single day, and Web Clock is used for employees to
report time through
a web clock interface.
QUESTION 4
Your organization wants the capability for employees to copy information
into their current time
card. What options do they have for copying a time card?
A. Copy same period from last month
B. Copy other time card
C. Copy same period from previous year
D. Copy previous time card
Answer: B
This option can be found in the Time and Labor Self Service Time Card page, and
allows employees to
copy information from another existing time card. This can be useful for copying
information from a
previous time card or from another employee's time card.
QUESTION 5
As the Director of IT, you understand that security roles are important to
your organization and would
like employee profiles to be kept as confidential as possible and to be viewed
and managed by the
employee and their manager. Apart from an employee and manager, what other role
is able to add
goals to an employee's development plan?
A. An Administrator
B. An IT Specialist
C. An HR Specialist
D. An Implementer
Answer: A
According to the Oracle HCM Business Process Foundations Associate Rel 1
official book,
Administrators can add goals to an employee's development plan. This means that
only an
Administrator can add goals to an employee's development plan besides the
employee and their manager.
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