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Oracle Financials Cloud 1z1-974 Try it now!
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1z1-974 PDF DEMO:
QUESTION NO: 1
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. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
B. Run the Calculate Observed Standalone Selling Prices program to derive prices.
C. Navigate to the "Manage Revenue Price Profiles" page and enter estimated prices manually in the browser user interface.
D. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
Answer: B
Explanation
https://docs.oracle.com/cloud/farel12/financialscs_gs/OEDMF/VRM_CUSTOMER_CONTRACT_HEADE
RS_
QUESTION NO: 2
Which two are choices for the Satisfaction Method when defining a Performance Obligation
Identification Rule?
A. allow complete
B. allow partial
C. require partial
D. require complete
Answer: B,D
Explanation
https://docs.oracle.com/en/cloud/saas/financials/r13-update18a/fafrm/recognize- revenue.html#FAFRM2321853
QUESTION NO: 3
A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:
Which Price Band Segment Label would be appropriate to use in this case?
A. Amount Band
B. Deal Size Band
C. Quantity Band
D. Set Band
Answer: A
QUESTION NO: 4
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 line level.
B. It tracks the difference in a Discount Allocation Account at the contract line level.
C. It tracks the difference In a Discount Allocation Account at the contract level.
D. It tracks the difference in a Write-off Allocation Account at the contract level.
Answer: B
QUESTION NO: 5
Given Revenue Management uses the Subledger Accounting engine to create journal entries from customer contracts, which Is NOT a predefined Accounting Class?
A. Contract Price Variance
B. Contract Expense
C. Contract Clearing
D. Contract Asset
E. Contract Liability
F. Contract Revenue
Answer: B
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Updated: May 28, 2022