High value 1z0-974 Dumps 2021

NEW QUESTION 1
Why are Source Document Type Codes required when defining Source Document Types?

• A. Because they are Revenue Management Descriptive Flexfields.
• B. Because they are needed for integration with Product Management.
• C. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
• D. Because they provide uniqueness to the Source Document Type

Answer: D

NEW QUESTION 2
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 3
Which three attributes are helpful in defining a Contract Identification Rule?

• A. Product Description
• B. Quote Number
• C. Delivery Address
• D. Bill To Customer
• E. Ledger
• F. Business Unit

Answer: ABD

NEW QUESTION 4
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 5
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 6
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 7
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 8
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 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
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?

• A. your invoiced goods and services less those goods and services that you have not yet delivered
• B. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
• C. Unearned Revenue
• D. your debt to customers for goods and services you are obliged to deliver to them by either party acting

Answer: B

NEW QUESTION 11
The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue Recognized, and Bill…….

What is the difference between Selling Amount and Allocated Amount?

• A. The Selling Amount is calculated based on Standalone Selling Prices and is used for the Revenue Recognition amoun
• B. The Allocated Amount is based on the source document sales lines amounts and is ultimately used to tie back to your source document upload.
• C. The Selling Amount is calculated based on the source document sales lines amounts and is used to tie back to your source document uploa
• D. The Allocated Amount is based on Standalone Selling Price and is ultimately used for the Revenue Recognition amount.
• E. The Selling Amount is calculated based on Standalone Selling Prices and is used to tie back to your SSP upload or calculatio
• F. The Allocated Amount is based on the Billed amount and is ultimately used for the Revenue Recognition amount.
• G. The Selling Amount is calculated based on the source document sales lines amount and is used for the Revenue Recognition amoun
• H. The Allocated Amount is based on the Billed Amount and Is used to tie back to your Billing source document upload.

Answer: B

NEW QUESTION 12
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 13
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 14
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 15
What is a Standalone Selling Price (SSP)?

• A. the average of your bundled price
• B. the sum of the SSPs of the components
• C. the list price
• D. the price you would use if you sold to a customer separately

Answer: D

NEW QUESTION 16
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 17
What does the creation of an allocation allow you to determine?

• A. the ability not to revise previously reported revenue for revision, corrections, and other changes
• B. the fair value of each performance obligation
• C. the maximum amount of revenue you can recognize soonest, postponing the minimum until later
• D. an allocation of the expected consideration over the performance obligations as if you had sold them separately

Answer: B