Free Oracle 1z0-974 Exam Dumps Questions & Answers

Which three statements describe how Revenue Management creates accounting contracts to meet the new ASC 606 / IFRS 15 revenue recognition standards?

• A.  by calculating Total Transaction Price for contracts
• B.  by identifying and creating one or more performance obligations for a given accounting contract
• C.  by restricting users from excluding contract lines
• D.  by grouping source document lines intro contracts for each identified customer
• E.  by allowing manual allocation of Total Transaction Price across performance obligations
• F.  by only creating contracts that are source system specific

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.  Business Intelligence Publisher
• B.  Smart View
• C.  Reporting Studio
• D.  Oracle Transactional Business Intelligence

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.  Customers
• B.  Suppliers
• C.  Business Units
• D.  Banks, branches and bank accounts
• E.  Inventory items
• F.  Receivables configurations

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 Write-off Allocation Account at the contract level.
• B.  It tracks the difference In a Discount Allocation Account at the contract level.
• C.  It Tracks the difference in a Write-Off Allocation Account at the contract line level.
• D.  It tracks the difference in a Discount Allocation Account at the contract line level.

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.