Oracle Revenue Management Cloud Service 2017 Implementation Essentials

QUESTION NO: 1
Why are Source Document Type Codes required when defining Source Document Types?

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

Correct Answer: D

QUESTION NO: 2
What should E-Business Suite General Ledger and Oracle Cloud General Ledger do as part of the transition to the new standard strategy under ASC 606 and IFRS 15?

A. Create a new primary ledger. B. Create a reporting ledger. C. Create a secondary ledger. D. Using their existing primary ledger.

Correct Answer: D

QUESTION NO: 3
After analyzing sales documents for your organization, you conclude that it will be appropriate to group transaction lines by customer to create contracts In Revenue Management.
Which predefined Contract Identification Rule can be used in this case?

A. Identify Customer Contract Based on Source Document Line B. Identify Customer Contract Based on Source System C. Identify Customer Contract Based on Source Document D. Identify Customer Contract Based on Party

Correct Answer: C

QUESTION NO: 4
What is a Performance Obligation?

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

Correct Answer: B

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QUESTION NO: 5
What does the creation of an allocation allow you to determine?

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

Correct Answer: A

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QUESTION NO: 6
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 Amount 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 Period

Correct Answer: D

Oracle Revenue Management Cloud Service 2017 Implementation Essentials - 1z1-974 Exam Questions