Download Oracle Revenue Management Cloud Service 2017 Implementation Essentials.1z0-974.ExamsKey.2018-09-30.32q.vcex

Vendor: Oracle
Exam Code: 1z0-974
Exam Name: Oracle Revenue Management Cloud Service 2017 Implementation Essentials
Date: Sep 30, 2018
File Size: 322 KB
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Demo Questions

Question 1
Which setup component is NOT connected to a Revenue Price Profile?
  1. Contract Identification Rules
  2. Items
  3. Source Document Types
  4. Pricing Dimension Segments
Correct answer: C
Question 2
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
  1. Oracle Revenue Management Cloud
  2. Oracle Receivables
  3. Oracle General Ledger
  4. Oracle Subledger Accounting
Correct answer: AD
Explanation:
Reference: https://docs.oracle.com/cloud/r13_update17c/financialscs_gs/OCUAR/OCUAR1559322.htm#OCUAR1559322
Reference: https://docs.oracle.com/cloud/r13_update17c/financialscs_gs/OCUAR/OCUAR1559322.htm#OCUAR1559322
Question 3
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 parts of a Standalone Selling Price Profile?
  1. Observed Standalone Selling Prices
  2. Estimated Standalone Selling Prices
  3. Pricing Dimension Assignment
  4. SSP Tolerance Usage
  5. Items
Correct answer: ABC
Explanation:
Reference: https://docs.oracle.com/cloud/r13_update17c/financialscs_gs/FAFRM/FAFRM.pdf (p.19)
Reference: https://docs.oracle.com/cloud/r13_update17c/financialscs_gs/FAFRM/FAFRM.pdf (p.19)
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?
  1. Smart View
  2. Business Intelligence Publisher
  3. Oracle Transactional Business Intelligence
  4. Reporting Studio
Correct answer: B
Question 5
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?
  1. Fixed Schedule
  2. Variable Schedule
  3. Daily Revenue Rate, All Periods
  4. Daily Revenue Rate, Partial Periods
  5. Partial Schedule
  6. Daily Revenue Rate
Correct answer: A
Explanation:
Reference: https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_888B257D55BE0BBDE040D30A68813B17
Reference: https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_888B257D55BE0BBDE040D30A68813B17
Question 6
Given the Identity Customer Contracts job set performs many different processes, which action is NOT performed by this job set?
  1. allocates the SSP to various satisfaction events
  2. created the accounting for the stages in the process
  3. allocates the SSP to various performance obligations
  4. recognized revenue if any satisfaction events exist
  5. creates customer contracts and performance obligations
Correct answer: B
Question 7
Which three statements about Effective Periods are true?
  1. If effective periods are not defined, Revenue Management uses the General Ledger calendar.
  2. Effective Periods are used for standalone selling prices and for creating journal entries.
  3. Gaps between periods are not allowed.
  4. You cannot have overlapping periods.
  5. Effective Periods only define the rage where standalone selling process of an item should be effective.
Correct answer: BDE
Question 8
Which three tasks are associated with defining a Pricing Dimension Structure?
  1. Define up to 30 segments and name them.
  2. Define up to 20 segments and name them.
  3. Analyze pricing policies across products and services.
  4. Create multiple instances for a given Pricing Dimension Structure.
  5. Include user friendly prompts for each segment.
  6. Assign required segment labels to each segment.
Correct answer: ACF
Explanation:
Reference: https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2010696
Reference: https://docs.oracle.com/cloud/farel12/financialscs_gs/FAIRP/FAIRP2288193.htm#FAIRP2010696
Question 9
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? 
  
  1. when the Deferred Revenue box is checked
  2. when it is a business requirement
  3. when Context Values are populated
  4. when the Type is Fixed or Variable
Correct answer: D
Explanation:
Reference: https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_888B257D55BE0BBDE040D30A68813B17
Reference: https://fusionhelp.oracle.com/fscmUI/topic/TopicId_P_888B257D55BE0BBDE040D30A68813B17
Question 10
You define a Performance Obligation Identification Rule that uses the following matching attribute to group source document lines:
Extensible Line Character Attribute 7 
Based on the data displayed:
  
How many performance obligations will be created in Revenue Management?
  1. 3
  2. 4
  3. 2
  4. 1
Correct answer: A
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