Free Oracle 1z0-974 Exam Dumps Questions & Answers


Exam Code/Number:	1z0-974Join the discussion
Exam Name:	Oracle Revenue Management Cloud Service 2017 Implementation Essentials
Certification:	Oracle
Free Question Number:	60
Publish Date:	Aug 20, 2026
# of views:	3464
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Page: 1 / 12
Total 60 questions

Question 1

Which two are choices for the Satisfaction Method when defining a Performance Obligation Identification Rule?

A.allow complete
B.require complete
C.allow partial
D.require partial

Question 2

What does the creation of an allocation allow you to determine?

A.an allocation of the expected consideration over the performance obligations as if you had sold them separately
B.the maximum amount of revenue you can recognize soonest, postponing the minimum until later
C.the fair value of each performance obligation
D.the ability not to revise previously reported revenue for revision, corrections, and other changes

Question 3

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:

How many contracts will be created In Revenue Management?

Question 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.Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.
D.You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.
E.You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

Question 5

Given the Identify Customer Contracts Job set performs many different processes, which action Is NOT performed by this job set?

A.creates the accounting for the stages in the process
B.creates customer contracts and performance obligations
C.allocates the SSP to various performance obligations
D.recognizes revenue if any satisfaction events exist
E.allocates the SSP to various satisfaction events