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
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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.
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.