1z1-974 by Oracle Actual Free Exam Questions And Answers

Question 1

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 Query Required option

D. the value sets

E. the Displayed option

Discussion 0

Correct Answer: A,B Vote an answer

Question 2

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. Reporting Studio

B. Oracle Transactional Business Intelligence

C. Business Intelligence Publisher

D. Smart View

Discussion 0

Correct Answer: C Vote an answer

Question 3

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

A. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.

B. You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.

C. Revenue Management can only integrate to Fusion Receivables.

D. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.

Discussion 0

Correct Answer: B,C Vote an answer

Question 4

What does the creation of an allocation allow you to determine?

A. the fair value of each performance obligation

B. an allocation of the expected consideration over the performance obligations as if you had sold them separately

C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later

D. the ability not to revise previously reported revenue for revision, corrections, and other changes

Discussion 0

Correct Answer: A Vote an answer

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Question 5

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 level.

Discussion 0

Correct Answer: A Vote an answer

Question 6

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. Standalone Selling Prices Allocated

B. Performance Obligation Billed

C. Revenue Recognized

D. Performance Obligation Satisfied

E. Initial Performance

Discussion 0

Correct Answer: C,D,E Vote an answer

Oracle Revenue Management Cloud Service 2017 Implementation Essentials - 1z1-974 Exam Practice Test

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