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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Revenue Management Cloud Service 2017 Implementation Essentials |
| Exam Number: | 1Z0-974 |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Exam Format: | Scenario-based Multiple Choice, Multiple Choice |
| Passing Score: | Not publicly published (typically ~60-65%) |
| Real Exam Qty: | 60 |
| Related Certifications: | Oracle Revenue Management Cloud Service 2017 Certified Implementation Specialist |
| Exam Price: | USD ~245-295 (approximate Oracle exam fee, may vary by region) |
| Certificate Validity Period: | Retired / legacy exam (Oracle currently updates to newer Revenue Management Cloud Service certifications) |
| Sample Questions: | Oracle 1z1-974 Sample Questions |
| Exam Way: | Delivered via Oracle University (Pearson VUE or online proctoring where supported). |
| Pre Condition: | No formal prerequisite, but Oracle recommends hands-on experience with Oracle Financials Cloud and Revenue Management modules. |
| Official Syllabus URL: | https://education.oracle.com/pls/web_prod-plq-dad/db_pages.getpage?page_id=5001&get_params=p_exam_id:1Z0-974 |
| Section | Objectives |
|---|---|
| Revenue Pricing and Price Profiles | - Define pricing dimension structures and segments - Manage revenue price profiles and pricing rules |
| Revenue Principles and Standards | - Identify components of revenue recognition in Oracle Revenue Management - Explain revenue recognition principles under ASC 606 and IFRS 15 |
| Reporting and Recognition | - Understand recognition schedules and rules - Use reporting tools for revenue management |
| Revenue Management Integration Requirements | - Define source document types and integration paths - Integrate Revenue Management with source systems (e.g., Fusion Receivables) |
| Contract and Performance Obligation Management | - Manage performance obligations - Define contract identification and modification rules |
| Revenue Management Setup and Configuration | - Configure Revenue Management Cloud services - Implement Revenue Management setup options |
The 1z1-974 exam (Oracle Revenue Management Cloud Service 2017 Implementation Essentials) is the official Oracle exam that leads to the Oracle Financials Cloud certification, a credential at the Associate level. Related certifications include Oracle Revenue Management Cloud Service 2017 Certified Implementation Specialist. Actual4test provides 60 practice questions to help you prepare for it with confidence.
The 1z1-974 exam contains 60 questions and gives you 120 minutes to finish them. Before exam day, divide the total time by the question count so you know the pace you need to keep, and flag difficult items instead of getting stuck on them. Running at least one full timed session in the Actual4test test engine is the best way to make that time pressure feel familiar.
You need Not publicly published (typically ~60-65%) to pass, and the official registration fee is USD ~245-295 (approximate Oracle exam fee, may vary by region). Keep in mind that a failed attempt means paying that fee in full again, so it pays to test yourself first. When your scores on the Actual4test timed practice tests stay consistently above the passing line, you are ready to book the exam.
No formal prerequisite, but Oracle recommends hands-on experience with Oracle Financials Cloud and Revenue Management modules. Requirements can change over time, so always double-check the latest eligibility rules before you register on the official Oracle exam page.
Yes. Actual4test offers a free 1z1-974 PDF demo so you can check the quality of the practice questions before purchasing. After you buy, your product comes with 365 days of free updates, and if it expires you can renew the update service at a 50% discount from your member zone.
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The 1z1-974 syllabus is organized into 6 exam domains. Among the first three are Revenue Pricing and Price Profiles, Revenue Management Integration Requirements, Revenue Principles and Standards. For the complete breakdown of topics and subtopics, see the Exam Topics section above.
Question 1
Which is the correct definition of the Performance Obligation Liability on the balance sheet, replacing the Deferred Revenue liability?
A. Unearned Revenue
B. your debt to customers for goods and services you are obliged to deliver to them by either party acting less your right to invoice them for those goods and services once delivered
C. your debt to customers for goods and services you are obliged to deliver to them by either party acting
D. your invoiced goods and services less those goods and services that you have not yet delivered
Question 2
A corporation wants to use any potential values In a segment of their Pricing Dimension Structure, as long as those values do not exceed a length of 50 characters.
Which validation type must be selected when defining this Value Set?
A. Dependent
B. Table
C. Format Only
D. Subset
E. Independent
Question 3
Before uploading Estimated Standalone Selling Prices (SSP), you must populate a spreadsheet with some required data.
In addition to the SSP Value (price) and Currency, which two are required?
A. Performance Obligation Template
B. Unit of Measure
C. SSP Type
D. Pricing Dimension
E. Item Identifier
Question 4
The predefined Revenue Contract Account Activities Report provides data extracted from which two sources?
A. Oracle Revenue Management Cloud
B. Oracle General Ledger
C. Oracle Subledger Accounting
D. Oracle Receivables
Question 5
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 enter estimated prices manually in the browser user interface.
B. Navigate to the "Manage Revenue Price Profiles" page and download spreadsheet template to enter estimated prices manually.
C. Run the Calculate Observed Standalone Selling Prices program to derive prices.
D. Load estimated prices to table VRM_SOURCE_DOCUMENTS using SQL script.
Solutions:
| Question 1 Answer: C | Question 2 Answer: C | Question 3 Answer: B,E | Question 4 Answer: A,C | Question 5 Answer: C |
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