File Info
| Exam | Oracle Revenue Management Cloud Service 2017 Implementation Essentials |
| Number | 1z0-974 |
| File Name | Oracle.1z0-974.Lead2Pass.2019-09-01.54q.vcex |
| Size | 514 KB |
| Posted | Sep 01, 2019 |
| Download | Oracle.1z0-974.Lead2Pass.2019-09-01.54q.vcex |
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Demo Questions
Question 1
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- Review performance obligations by effective period.
- Diagnose revenue price profile.
- Drill down to data used to derive standalone selling prices.
- Monitor transaction price calculation and allocation.
- Analyze standalone selling prices for one or multiple effective periods.
Correct answer: BE
Explanation:
Reference: https://cloud.oracle.com/opc/saas/RevMgmt/r13/nfs/r13-revenue-nfs.pdf (p.4) Reference: https://cloud.oracle.com/opc/saas/RevMgmt/r13/nfs/r13-revenue-nfs.pdf (p.4)
Question 2
How many tabs does the Customer Contract Source Data Import Template have?
- four tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, VRM_SOURCE_DOC_SUB_LINES, and VRM_PERF_OBLIG tables respectively
- three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
- two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
- one tab that stores data for the VRM_SOURCE_DOCUMENTS table
Correct answer: B
Explanation:
You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details. You can import source transactions using the Customer Contract Source Data Import process. Customer Contract Source Data Import uses three interface tables--one parent table and two child tables--to represent source documents, source document lines, and source document sub-lines. The parent table, VRM_SOURCE_DOCUMENTS contains the source document information. The child tables contain the following information for a given interface line record: VRM_SOURCE_DOC_LINES contains source document line details; VRM_SOURCE_DOC_SUB_LINES contains source document sub line details.
Question 3
Which, when transferred to a customer, allows you to recognize revenue?
- a shipment
- a performance obligation
- an invoice
- a promise detail
Correct answer: B
Explanation:
Reference: https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2462439.htm Reference: https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2462439.htm
Question 4
Given:
Which two are incorrect statements about the Oracle Fusion Receivables Transaction Sources section in the Manage Revenue Management System Options page?
- Revenue Management can only integrate to Fusion Receivables.
- You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
- You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
- You can define date filters in order to consider only relevant data needed to comply with the new revenue recognition standards.
Correct answer: AD
Question 5
What is a contract modification?
- a change to the contract caused by negotiation with the customer
- a revision or correction to the estimate of variable consideration made at inception
- a change (modification) to the contract data
- an increase or decrease in expected collectability
Correct answer: A
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financials/r13-update17d/fafrm/manage-revenue-management.html#FAFRM2684195 Reference: https://docs.oracle.com/en/cloud/saas/financials/r13-update17d/fafrm/manage-revenue-management.html#FAFRM2684195
Question 6
Which three attributes are helpful in defining a Contract Identification Rule?
- Product Description
- Quote Number
- Delivery Address
- Bill to Customer
- Ledger
- Business Unit
Correct answer: ABC
Question 7
Which is NOT a required piece of information when importing contract header information from a source file?
- Date of Source Document
- Source Document Type code
- Record Type
- Source System
- Currency code of source document
- Source Document Unique Identifier Number 1
Correct answer: F
Explanation:
Reference: https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm#FAFRM2340000 Reference: https://docs.oracle.com/cloud/r13_update17b/financialscs_gs/FAFRM/FAFRM2340000.htm#FAFRM2340000
Question 8
Why are Source Document Type Codes required when defining Source Document Types?
- Because they are Revenue Management Descriptive Flexfields.
- Because they are needed for integration with Product Management.
- Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
- Because they provide uniqueness to the Source Document Types.
Correct answer: B
Question 9
Which is a term under ASC 606 or IFRS 15?
- transaction price
- promise detail
- initial performance event
- requires complete
Correct answer: A
Explanation:
Reference: https://cloud.oracle.com/_downloads/Datasheet_Financials_3_RevenueMgmt/Revenue_Management_Datasheet.pdf Reference: https://cloud.oracle.com/_downloads/Datasheet_Financials_3_RevenueMgmt/Revenue_Management_Datasheet.pdf
Question 10
Which setup component is NOT connected to a Revenue Price Profile?
- Contract Identification Rules
- Items
- Source Document Types
- Pricing Dimension Segments
Correct answer: C
