Free Oracle 1z1-974 Exam Dumps Questions & Answers

What is a Performance Obligation?

• A.a promise to a customer
• B.a product code or SKU
• C.a combination of customer type and product code
• D.a promise to a customer on which either party has acted

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.Oracle Transactional Business Intelligence
• C.Business Intelligence Publisher
• D.Reporting Studio

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.10 User Extensible Fields
• B.90 User Extensible Fields
• C.50 User Extensible Fields
• D.60 User Extensible Fields

Why are Source Document Type Codes required when defining Source Document Types?

• A.Because they are needed for the VRM_SOURCE_DOCUMENTS table to populate extensible attributes.
• B.Because they provide uniqueness to the Source Document Types.
• C.Because they are needed for integration with Product Management.
• D.Because they are Revenue Management Descriptive Flexfields.

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