Oracle 1z0-974 Free Practice Questions

NEW QUESTION 1
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 2
Which three types of reference data critical to the Integration of a source system need to be synchronized between an external system and Revenue Management?

• A. Suppliers
• B. Business Units
• C. Customers
• D. Inventory items
• E. Receivables configurations
• F. Banks, branches and bank accounts

Answer: BCD

NEW QUESTION 3
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 4
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 5
Why Is Satisfaction Method a key element of a Performance Obligation?

• A. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
• B. because it calculates the amount of Total Transaction Price allocated to date
• C. because it calculates the percentage of Total Transaction Price allocated to date
• D. because it specifies whether revenue has been fully or partially recognized for a good or service

Answer: D

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
You define a Contract Identification Rule that uses the following source document attributes to match
transaction lines:
Bill-to Customer Party Identifier Extensible Header Character Attribute 4 Based the data displayed:

How many contracts will be created In Revenue Management?

• A. 3
• B. 1
• C. 5
• D. 4

Answer: A

NEW QUESTION 8
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 9
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 10
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. Amount Band
• B. Deal Size Band
• C. Set Band
• D. Quantity Band

Answer: A

NEW QUESTION 11
What is a Performance Obligation?

• A. a combination of customer type and product code
• B. a product code or SKU
• C. a promise to a customer on which either party has acted
• D. a promise to a customer

Answer: D

NEW QUESTION 12
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. Create a secondary ledger.
• D. Using their existing primary ledge

Answer: C

NEW QUESTION 13
Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

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

Answer: ABF

NEW QUESTION 14
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?

• A. Revenue Management can only integrate to Fusion Receivables.
• B. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
• C. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
• D. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

Answer: AB

NEW QUESTION 15
Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with Revenue Management Cloud?

• A. Apply appropriate patches to EBS.
• B. Run the Deploy System Options process.
• C. Set the Profile Option AR: Source System Value for Revenue Management.
• D. Map the EBS Chart of Accounts to the Cloud General Ledger.
• E. Set the System Options in EBS Receivables on the Revenue Management ta

Answer: BD

NEW QUESTION 16
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