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Exam Code: 1z0-974 (Practice Exam Latest Test Questions VCE PDF)
Exam Name: Oracle Revenue Management Cloud Service 2021 Implementation Essentials
Certification Provider: Oracle
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NEW QUESTION 1
Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

  • A. require complete
  • B. allow partial
  • C. allow complete
  • D. require partial

Answer: AB

NEW QUESTION 2
Which configuration component is Source Document Type NOT connected to?

  • A. Revenue Management System Options
  • B. Performance Obligation Template
  • C. Contract Identification Rules
  • D. Revenue Price Profile
  • E. Performance Obligation Identification Rules

Answer: D

NEW QUESTION 3
The Contracts Requiring Attention user Interface has three tabs: Pending Review, Pending Allocation, and Pending Revenue Recognition.
What would cause a contract to be In the Pending Review tab?

  • A. The total Transaction Price is over the user-defined threshold amount.
  • B. The contract is missing standalone selling prices at the promised detail level or at obligation level.
  • C. The contract is missing satisfaction events.
  • D. The contract is missing Billing dat

Answer: A

NEW QUESTION 4
What is a contract modification?

  • A. a change to the contract caused by negotiation with the customer
  • B. a revision or correction to the estimate of variable consideration made at inception
  • C. a change (modification) to the contract data
  • D. an increase or decrease in expected collectability

Answer: C

NEW QUESTION 5
Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

  • A. when a pricing dimension structure is enabled for pricing bands
  • B. when a source document type is enabled to use pricing bands
  • C. when a pricing dimension structure Instance Is enabled for pricing bands
  • D. when a value set segment label of Set Band is used

Answer: A

NEW QUESTION 6
Given It Is critical to capture common link values In one or more attributes on the source document lines in order to build effective Performance Obligation Identification Rules, how many User Extensible Fields does Revenue Management provide to facilitate the capture of this data?

  • A. 60 User Extensible Fields
  • B. 10 User Extensible Fields
  • C. 90 User Extensible Fields
  • D. 50 User Extensible Fields

Answer: C

NEW QUESTION 7
Which three tasks can be performed In the Revenue Management Work Area?

  • A. Edit Contract Identification Rules.
  • B. Review Observed Standalone Selling Prices.
  • C. Manage contracts in "Pending Review" status.
  • D. Manage contracts in "Pending Allocation" status.
  • E. Review Performance Satisfaction Plans.
  • F. Review Revenue Price Profile

Answer: BCD

NEW QUESTION 8
1Z0-974 dumps exhibit
1Z0-974 dumps exhibit
What is the correct match sequence of the descriptions A, B and C against the titles?

  • A. B, C, A
  • B. A, C, B
  • C. C, B, A
  • D. C, A, B
  • E. A, B, C
  • F. B, A, C

Answer: B

NEW QUESTION 9
The predefined Revenue Contract Account Activities report originally had only one output option of spreadsheet.
Which output option can you now also choose to assist In handling a large number of records?

  • A. HTML
  • B. PowerPoint
  • C. Flat File
  • D. PDF

Answer: C

NEW QUESTION 10
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:
1Z0-974 dumps exhibit

  • A. 3
  • B. 4
  • C. 2
  • D. 1

Answer: A

NEW QUESTION 11
Which setup component Is NOT connected to a Revenue Price Profile?

  • A. Contract Identification Rules
  • B. Items
  • C. Source Document Types
  • D. Pricing Dimension Segments

Answer: A

NEW QUESTION 12
Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

  • A. allocates the SSP to various satisfaction events
  • B. creates the accounting for the stages in the process
  • C. allocates the SSP to various performance obligations
  • D. recognizes revenue if any satisfaction events exist
  • E. creates customer contracts and performance obligations

Answer: D

NEW QUESTION 13
A corporation does not have reliable historical Standalone Selling Prices stored In Its source systems. What option is available to help the corporation in this scenario?

  • A. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
  • B. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
  • C. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
  • D. Run the Calculate Observed Standalone Selling Prices program to derive price

Answer: C

NEW QUESTION 14
In Revenue Management the Selling Amount and Allocated Amount may be different. How does
Revenue Management account for this difference?

  • A. It tracks the difference in a Discount Allocation Account at the contract line level.
  • B. It tracks the difference in a Write-off Allocation Account at the contract level.
  • C. It tracks the difference In a Discount Allocation Account at the contract level.
  • D. It Tracks the difference in a Write-Off Allocation Account at the contract line leve

Answer: C

NEW QUESTION 15
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?

  • A. Identify Customer Contract Based on Party
  • B. Identify Customer Contract Based on Source Document Line
  • C. Identify Customer Contract Based on Source Document
  • D. Identify Customer Contract Based on Source System

Answer: A

NEW QUESTION 16
A Corporation has a business requirement to build a custom Revenue Management report that users could run from the Scheduled Processes page.
Which reporting tool must be used to address this business requirement?

  • A. Smart View
  • B. Business Intelligence Publisher
  • C. Oracle Transactional Business Intelligence
  • D. Reporting Studio

Answer: B

NEW QUESTION 17
Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into one place, you create all standalone selling prices from the Standalone Selling Price Profiles for all Items or groups of items.
Which three setup attributes are part of a Standalone Selling Price Profile?

  • A. Observed Standalone Selling Prices
  • B. Estimated Standalone Selling Prices
  • C. Pricing Dimension Assignment
  • D. SSP Tolerance Usage
  • E. Items

Answer: ACE

NEW QUESTION 18
Which, when transferred to a customer, allows you to recognize revenue?

  • A. a shipment
  • B. a performance obligation
  • C. an invoice
  • D. promise detail

Answer: B

NEW QUESTION 19
Given your organization's Interactions with one of Its customers:
* A consultant is deployed to assist customer on 10-Sep-2021.
* A Sales order Is booked on 14-Sep-2021.
* The Product is shipped on 15-Sep-2021. An invoice is issued on 20-Sep-2021. When do you accrue the contract liability?

  • A. when the consultant is deployed to assist customer on 10-Sep-2021
  • B. when the product is shipped on 15-Sep-2021
  • C. when the sales order Is booked on 14-Sep-2021
  • D. when an invoice is issued on 20-Sep-2021

Answer: B

NEW QUESTION 20
Which statement is NOT applicable to Performance Obligation Templates?

  • A. Oracle delivers three predefined Performance Obligation Templates,
  • B. Performance Obligation Templates are specific to the business and cannot be predefined.
  • C. Performance Obligation Templates take precedence over Performance Obligation Rules.
  • D. Performance Obligation Templates can be associated to a Revenue Price Profil

Answer: A

NEW QUESTION 21
After defining a pricing dimension structure for a customer, you must define a pricing dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?

  • A. whether Dynamic Combination Creation Allowed is enabled
  • B. the shape: Same number of segments and order
  • C. the Displayed option
  • D. the value sets
  • E. the Query Required option

Answer: AB

NEW QUESTION 22
Which two are intended uses for the Standalone Selling Price Report Dashboard?

  • A. Review performance obligations by effective period.
  • B. Diagnose revenue price profile.
  • C. Drill down to data used to derive standalone selling prices.
  • D. Monitor transaction price calculation and allocation.
  • E. Analyze standalone selling prices for one or multiple effective period

Answer: CE

NEW QUESTION 23
Your organization Is selling a warranty plan to customers that covers appliances for one year. Revenue must be recognized gradually by month until the warranty expires.
Which Revenue Scheduling Rule Type needs to be defined for the Performance Satisfaction Plan?

  • A. Fixed Schedule
  • B. Variable Schedule
  • C. Daily Revenue Rate, All Periods
  • D. Daily Revenue Rate, Partial Periods
  • E. Partial Schedule
  • F. Daily Revenue Rate

Answer: A

NEW QUESTION 24
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 Documents Import
  • B. Customer Sales Source Data Import
  • C. Customer Contract Source Data Import
  • D. Customer Sales Data Source Documents Import

Answer: C

NEW QUESTION 25
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