Download Oracle Revenue Management Cloud Service 2017 Implementation Essentials.1z0-974.TestKing.2018-10-16.24q.vcex

Vendor: Oracle
Exam Code: 1z0-974
Exam Name: Oracle Revenue Management Cloud Service 2017 Implementation Essentials
Date: Oct 16, 2018
File Size: 55 KB
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Demo Questions

Question 1
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 2
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
Explanation:
Question 3
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 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 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 5
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 6
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 7
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 8
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
Explanation:
Question 9
The predefined Revenue Contract Account Activities report originally had only one option of spreadsheet. 
Which output option can you now also choose to assist in handling a large number of records?
  1. HTML
  2. PowerPoint
  3. Flat File
  4. PDF
Correct answer: C
Explanation:
Reference: http://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-revenue-wn.htm
Reference: http://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-revenue-wn.htm
Question 10
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which is NOT a predefined Accounting Class?
  1. Contract Asset
  2. Contract price Variance
  3. Contract Liability
  4. Contract Revenue
  5. Contract Expense
  6. Contract Clearing
Correct answer: E
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/financials-cloud-using-revenue-management.pdf
Reference: https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/financials-cloud-using-revenue-management.pdf
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