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Exam : 1z0-974
Vendor : Oracle
Version : V12.35
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NO.1 What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of
the transition to the new standard strategy under ASC 606 and IFRS 15?
A. Create a reporting ledger.
B. Create a new primary ledger.
C. Create a secondary ledger.
D. Using their existing primary ledger.
Answer: C
NO.3 What are two major changes when comparing the new revenue recognition guidance under
ASC 606 and IFRS
15 versus the old standard?
A. Revenue and performance obligation liabilities are not dependent on billing.
B. Revenue can be recognized for performance obligations only using the "Point in Time" approach.
C. Pricing estimates cannot be used In the absence of pricing data.
D. Expected consideration value is applicable to all industries.
Answer: A D
NO.4 Which statement does NOT describe how revenue is handled under the latest standards under
ASC 606 and IFRS 15?
A. You accrue for goods and services that you owe to customers because either you or they have
relied on the contract. You no longer defer revenue.
B. You value the accrual at estimated consideration and it is a monetary debt.
C. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.
D. You calculate the liability at inception and book it when either party acts. An Act could be shipping
or invoicing.
E. Liability is a list of goods and services you actually owe to the customers for future satisfaction via
transfer.
Answer: C
NO.5 You define a Performance Obligation Identification Rule that uses the following matching
attribute to group source document lines:
Extensible Line Character Attribute 7
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A. 3
B. 4
C. 2
D. 1
Answer: A
NO.6 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 data.
Answer: A
NO.7
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: A B
NO.8 Which configuration component is Source Document Type NOT connected to?
A. Revenue Management System Options
B. Performance Obligation Template
C. Contract Identification Rules
D. Revenue Price Profile
E. Performance Obligation Identification Rules
Answer: D
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NO.10 Which two are intended uses for the Standalone Selling Price Report Dashboard?
A. Review performance obligations by effective period.
B. Diagnose revenue price profile.
C. Drill down to data used to derive standalone selling prices.
D. Monitor transaction price calculation and allocation.
E. Analyze standalone selling prices for one or multiple effective periods.
Answer: C E
NO.11 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: A B D
NO.12 Which three types of reference data critical to the Integration of a source system need to be
synchronized between an external system and Revenue Management?
A. Suppliers
B. Business Units
C. Customers
D. Inventory items
E. Receivables configurations
F. Banks, branches and bank accounts
Answer: B C D
NO.13 A corporation uses a primary ledger with a currency of USD. The organization's data includes
source document lines with amounts expressed in the Euro currency. However, Revenue
Management calculates transaction totals, allocations, and creates accounting in the ledger currency.
What needs to be done in Revenue Management to convert transaction amounts to the USD
currency?
A. Create source document types specifically for Euro documents.
B. Populate exchange rates in Revenue Price Profile.
C. Populate Conversion Rate Type in System Options.
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NO.15 The contract Promised Details tabs includes Selling Amount, Allocated Amount, Revenue
Recognized, and Bill.......
NO.16 Given the Standalone Selling Price Profile combines all the key setup attributes of pricing Into
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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 part of a Standalone Selling Price Profile?
A. Observed Standalone Selling Prices
B. Estimated Standalone Selling Prices
C. Pricing Dimension Assignment
D. SSP Tolerance Usage
E. Items
Answer: A C E
NO.17 Which three tasks can be performed In the Revenue Management Work Area?
A. Edit Contract Identification Rules.
B. Review Observed Standalone Selling Prices.
C. Manage contracts in "Pending Review" status.
D. Manage contracts in "Pending Allocation" status.
E. Review Performance Satisfaction Plans.
F. Review Revenue Price Profiles.
Answer: B C D
NO.20 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
NO.21 Which is NOT a required piece of information when importing contract header Information
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NO.23
What is the correct match sequence of the descriptions A, B and C against the titles?
A. B, C, A
B. A, C, B
C. C, B, A
D. C, A, B
E. A, B, C
F. B, A, C
Answer: B
NO.25 How many tabs does the Customer Contract Source Data Import Template have?
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NO.27 After defining a pricing dimension structure for a customer, you must define a pricing
dimension structure instance.
Which two attributes on the structure instance are inherited from the structure definition?
A. whether Dynamic Combination Creation Allowed is enabled
B. the shape: Same number of segments and order
C. the Displayed option
D. the value sets
E. the Query Required option
Answer: A B
NO.28 Which statement Is True regarding the Customer Contract Source Data Import Template?
A. It is a predefined Excel FBDI template.
B. It is a predefined Java FBDI template.
C. It Is a predefined HTML FBDI template.
D. It is a custom template that you are required to build.
Answer: A
NO.29 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 Types.
Answer: D
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NO.30 Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet
with some required data.
In addition to the SSP Value (price) and Currency, which two are required?
A. SSP Type
B. Pricing Dimension
C. Performance Obligation Template
D. Unit of Measure
E. Item Identifier
Answer: D E
NO.32 A pricing dimension segment value combination is one of the factors to determine standalone
selling prices.
This combination is based on the pricing dimension assignment setup.
What does the pricing dimension assignment match the pricing dimension segment combination to?
A. pricing bands
B. a pricing dimension structure
C. the source document types
D. a pricing dimension structure instance
Answer: A
NO.33 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
NO.34 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
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Answer: A
NO.35 Which three tasks are associated with defining a Pricing Dimension Structure?
A. Define up to 30 segments and name them.
B. Define up to 20 segments and name them.
C. Analyze pricing policies across products and services.
D. Create multiple instances for a given Pricing Dimension Structure.
E. Include user friendly prompts for each segment.
F. Assign required segment labels to each segment.
Answer: A C E
NO.36 In order to have Revenue Management calculate Observed Standalone Selling Prices, four
steps must be completed.
Which two are NOT included in the four step process?
A. Close the previous period.
B. Review the calculated OSSP.
C. Categorize standalone sales by performance obligation.
D. Approve the OSSP by establishing it.
E. Run the Calculate Observed Standalone Selling Prices program.
F. Run Create Accounting.
Answer: A F
NO.37 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?
A. Smart View
B. Business Intelligence Publisher
C. Oracle Transactional Business Intelligence
D. Reporting Studio
Answer: B
NO.38 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
NO.39 Given Oracle Revenue Management Cloud has predefined integration with Oracle E-Business
Suite Financials, which two steps are NOT part of the steps to configure EBS for integration with
Revenue Management Cloud?
A. Apply appropriate patches to EBS.
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NO.40 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 level.
Answer: C
NO.41 Given It Is critical to capture common link values In one or more attributes on the source
document lines in order to build effective Performance Obligation Identification Rules, how many
User Extensible Fields does Revenue Management provide to facilitate the capture of this data?
A. 60 User Extensible Fields
B. 10 User Extensible Fields
C. 90 User Extensible Fields
D. 50 User Extensible Fields
Answer: C
NO.42 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?
A. Fixed Schedule
B. Variable Schedule
C. Daily Revenue Rate, All Periods
D. Daily Revenue Rate, Partial Periods
E. Partial Schedule
F. Daily Revenue Rate
Answer: A
NO.43 A furniture store Is running a promotion for a toaster with the purchase of a sofa or chair set.
Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
A. Ignore the performance obligation for the toaster because it was free of cost to the customer.
B. Define an Implied Performance Obligation Template to automatically add a performance
obligation for the toaster.
C. Create the performance obligation for the toaster manually.
D. Define an adhoc rule in the Revenue Price Profile to include the toaster.
Answer: B
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NO.44 A corporation wants to use any potential values In a segment of their Pricing Dimension
Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?
A. Table
B. Subset
C. Independent
D. Format Only
E. Dependent
Answer: D
NO.45 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?
NO.46 A corporation uses a pricing policy that considers deal size to calculate price per unit for its
products. For example:
Which Price Band Segment Label would be appropriate to use in this case?
A. Amount Band
B. Deal Size Band
C. Set Band
D. Quantity Band
Answer: A
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NO.48 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
NO.49 You define a Contract Identification Rule that uses the following source document attributes
to match transaction lines:
Bill-to Customer Party Identifier
Extensible Header Character Attribute 4
Based the data displayed:
NO.50 A corporation does not have reliable historical Standalone Selling Prices stored In Its source
systems. What option is available to help the corporation in this scenario?
A. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the
browser user interface.
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NO.51 When is it required to populate a value for Performance Satisfaction Plan In a Source
Document Type?
NO.52 Which two are choices for the Satisfaction Method when defining a Performance Obligation
Identification Rule?
A. require complete
B. allow partial
C. allow complete
D. require partial
Answer: A B
NO.54 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
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NO.55 Given Revenue Management uses the Subledger Accounting engine to create journal entries
from customer contracts, which Is NOT a predefined Accounting Class?
A. Contract Asset
B. Contract Price Variance
C. Contract Liability
D. Contract Revenue
E. Contract Expense
F. Contract Clearing
Answer: E
NO.56 Which three statements describe how Revenue Management creates accounting contracts to
meet the new ASC 606 / IFRS 15 revenue recognition standards?
A. by identifying and creating one or more performance obligations for a given accounting contract
B. by calculating Total Transaction Price for contracts
C. by only creating contracts that are source system specific
D. by allowing manual allocation of Total Transaction Price across performance obligations
E. by restricting users from excluding contract lines
F. by grouping source document lines intro contracts for each identified customer
Answer: A B F
NO.57 Revenue Management creates journal entries from a contract In order to recognize revenue
properly. Which three event types are used by Revenue Management to create these journal entries?
A. Performance Obligation Satisfied
B. Performance Obligation Billed
C. Initial Performance
D. Revenue Recognized
E. Standalone Selling Prices Allocated
Answer: A C D
NO.58 You have defined 3 Contract Identification rules: Rule A, Rule B, and Rule C.
You then decide that Rule C needs to be the first rule executed when the "Identify Customer
Contracts" process runs.
Which attribute needs to be updated to achieve this objective?
A. Freeze Period
B. Default Classification
C. Source Document Type
D. Priority
Answer: D
NO.59 The predefined Revenue Contract Account Activities Report provides data extracted from
which two sources?
A. Oracle Revenue Management Cloud
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B. Oracle Receivables
C. Oracle General Ledger
D. Oracle Subledger Accounting
Answer: A C
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