Free 1z1-974 Questions for Oracle Revenue Management Cloud Service 2017 Implementation Essentials 1z1-974 Exam as PDF & Practice Test Engine

Exam Code/Number: 1z1-974
Exam Name/Title: Oracle Revenue Management Cloud Service 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud

Exam Questions: 60
Updated On: May 30, 2026

Question #1

Which statement does NOT describe how revenue is handled under the latest standards under ASC 606 and IFRS 15?

A. Liability is a list of goods and services you actually owe to the customers for future satisfaction via transfer.

B. You calculate the liability at inception and book it when either party acts. An Act could be shipping or invoicing.

C. You value the accrual at estimated consideration and it is a monetary debt.

D. You book the invoiced amount to the P&L when you meet the regulatory definition by Industry.

E. 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.

Discussion 0

Correct Answer: E Vote an answer

Question #2

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

A. allow complete

B. allow partial

C. require complete

D. require partial

Discussion 0

Correct Answer: B,C Vote an answer

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Question #3

When is it required to populate a value for Performance Satisfaction Plan In a Source Document Type?

A. when the Satisfaction Measurement Model is set to Period

B. when the Satisfaction Measurement Model Is set to Percentage

C. when the Satisfaction Measurement Model is set to Quantity

D. when the Satisfaction Measurement Model is set to Amount

Discussion 0

Correct Answer: A Vote an answer

Question #4

What is the correct match sequence of the descriptions A, B and C against the titles?

A. B, A, C

B. C, A, B

C. C, B, A

D. B, C, A

E. A, C, B

F. A, B, C

Discussion 0

Correct Answer: A Vote an answer

Question #5

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. the value sets

B. the Query Required option

C. whether Dynamic Combination Creation Allowed is enabled

D. the Displayed option

E. the shape: Same number of segments and order

Discussion 0

Correct Answer: C,E Vote an answer

Question #6

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. Standalone Selling Prices Allocated

C. Performance Obligation Billed

D. Initial Performance

E. Revenue Recognized

Discussion 0

Correct Answer: A,D,E Vote an answer

Free 1z1-974 Questions for Oracle Revenue Management Cloud Service 2017 Implementation Essentials 1z1-974 Exam as PDF & Practice Test Engine

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