Best Quality 1z0-974 Free Practice Questions 2021

NEW QUESTION 1
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 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
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 4
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 5
In order to have Revenue Management calculate Observed Standalone Selling Prices, four steps must be completed.
Which two are NOT included in the four step process?

• A. Close the previous period.
• B. Review the calculated OSSP.
• C. Categorize standalone sales by performance obligation.
• D. Approve the OSSP by establishing it.
• E. Run the Calculate Observed Standalone Selling Prices program.
• F. Run Create Accountin

Answer: AF

NEW QUESTION 6
How many tabs does the Customer Contract Source Data Import Template have?

• A. four tabs that store data for theVRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_UNES, andVRM_PERF_OBLIG tables respectively
• B. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
• C. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
• D. one tab that stores data for the VRM_SOURCE_DOCUMENTS table

Answer: B

NEW QUESTION 7
A corporation uses a primary ledger with a currency of USD. The organization's data includes source document lines with amounts expressed in the Euro currency. However, Revenue Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
What needs to be done in Revenue Management to convert transaction amounts to the USD currency?

• A. Create source document types specifically for Euro documents.
• B. Populate exchange rates in Revenue Price Profile.
• C. Populate Conversion Rate Type in System Options.
• D. Create revenue prices in the Euro currenc

Answer: C

NEW QUESTION 8
When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

• A. when the Satisfaction Measurement Model is set to Amount
• B. when the Satisfaction Measurement Model is set to Period
• C. when the Satisfaction Measurement Model is set to Quantity
• D. when the Satisfaction Measurement Model Is set to Percentage

Answer: B

NEW QUESTION 9
What does a Variable Consideration require?

• A. an estimate of the consideration be made at inception only
• B. that the consideration be monetary
• C. an estimate of the consideration be made at Inception, and corrections of the accrual at made at each period end until revenue Is recognized
• D. a disclosure be made to the shareholders

Answer: A

NEW QUESTION 10
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 11
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 12
Which three statements about Effective Periods are true?

• A. If effective periods are not define
• B. Revenue Management uses the General Ledger calendar.
• C. Effective Periods are used for standalone selling prices and for creating journal entries.
• D. Gaps between periods are not allowed.
• E. You cannot have overlapping periods.
• F. Effective Periods only define the rage where standalone selling prices of an item should be effective.

Answer: CDE

NEW QUESTION 13
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?

• A. Table
• B. Subset
• C. Independent
• D. Format Only
• E. Dependent

Answer: D

NEW QUESTION 14
Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

• A. You accrue for goods and services that you owe to customers because either you or they have relied on the contrac
• B. You no longer defer revenue.
• C. You value the accrual at estimated consideration and it is a monetary debt.
• D. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
• E. You calculate the liability at inception and book it when either party act
• F. An Act could be shipping or invoicing.
• G. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

Answer: C

NEW QUESTION 15


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 16
When Is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?

• A. when the Deferred Revenue box is checked
• B. when it is a business requirement
• C. when Context Values are populated
• D. when the Type is Fixed or Variable

Answer: D

NEW QUESTION 17
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