Free Oracle 1z1-974 Exam Dumps Questions & Answers

What are two major changes when comparing the new revenue recognition guidance under ASC 606 and IFRS
15 versus the old standard?

• A.  Pricing estimates cannot be used In the absence of pricing data.
• B.  Expected consideration value is applicable to all industries.
• C.  Revenue and performance obligation liabilities are not dependent on billing.
• D.  Revenue can be recognized for performance obligations only using the "Point in Time" approach.

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

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.  Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
• B.  Run the Calculate Observed Standalone Selling Prices program to derive prices.
• C.  Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
• D.  Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.

Which three tasks are associated with defining a Pricing Dimension Structure?

• A.  Create multiple instances for a given Pricing Dimension Structure.
• B.  Define up to 30 segments and name them.
• C.  Assign required segment labels to each segment.
• D.  Define up to 20 segments and name them.
• E.  Analyze pricing policies across products and services.
• F.  Include user friendly prompts for each segment.

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.  Partial Schedule
• C.  Daily Revenue Rate, Partial Periods
• D.  Variable Schedule
• E.  Daily Revenue Rate, All Periods
• F.  Daily Revenue Rate