Download Oracle Revenue Management Cloud Service 2017 Implementation Essentials.1z0-974.Lead2Pass.2019-09-01.54q.vcex

Vendor: Oracle
Exam Code: 1z0-974
Exam Name: Oracle Revenue Management Cloud Service 2017 Implementation Essentials
Date: Sep 01, 2019
File Size: 514 KB
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Demo Questions

Question 1
Which two are intended uses for the Standalone Selling Price Report Dashboard?
  1. Review performance obligations by effective period.
  2. Diagnose revenue price profile.
  3. Drill down to data used to derive standalone selling prices.
  4. Monitor transaction price calculation and allocation.
  5. 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?
  1. 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
  2. three tabs that store data for the VRM_SOURCE_DOCUMENTS, VRM_SOURCE_DOC_LINES, and VRM_SOURCE_DOC_SUB_LINES tables respectively
  3. two tabs that store data for the VRM_SOURCE_DOCUMENTS and VRM_SOURCE_DOC_LINES tables respectively
  4. 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?
  1. a shipment
  2. a performance obligation
  3. an invoice
  4. 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?
  1. Revenue Management can only integrate to Fusion Receivables.
  2. You can add up to 5 Transaction Sources as part of your integration with Fusion Receivables.
  3. You can choose which Transaction Sources in Fusion Receivables integrate to Revenue Management.
  4. 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?
  1. a change to the contract caused by negotiation with the customer
  2. a revision or correction to the estimate of variable consideration made at inception
  3. a change (modification) to the contract data
  4. 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?
  1. Product Description
  2. Quote Number
  3. Delivery Address
  4. Bill to Customer
  5. Ledger
  6. Business Unit
Correct answer: ABC
Question 7
Which is NOT a required piece of information when importing contract header information from a source file?
  1. Date of Source Document
  2. Source Document Type code
  3. Record Type
  4. Source System
  5. Currency code of source document
  6. 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?
  1. Because they are Revenue Management Descriptive Flexfields.
  2. Because they are needed for integration with Product Management.
  3. Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
  4. Because they provide uniqueness to the Source Document Types.
Correct answer: B
Question 9
Which is a term under ASC 606 or IFRS 15?
  1. transaction price
  2. promise detail
  3. initial performance event
  4. 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?
  1. Contract Identification Rules
  2. Items
  3. Source Document Types
  4. Pricing Dimension Segments
Correct answer: C
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