Exam Name: Oracle Revenue Management Cloud Service 2017 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1z1-974 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Revenue Management Cloud Service 2017 Implementation Essentials |
| Exam Number: | 1Z0-974 |
| Exam Duration: | 120 minutes |
| 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) |
| Real Exam Qty: | 60 |
| Passing Score: | Not publicly published (typically ~60-65%) |
| Related Certifications: | Oracle Revenue Management Cloud Service 2017 Certified Implementation Specialist |
| Available Languages: | English |
| Exam Format: | Scenario-based Multiple Choice, Multiple Choice |
| Sample Questions: | DOWNLOAD DEMO |
| 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 |
Oracle 1z1-974 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Contract and Performance Obligation Management | - Define contract identification and modification rules - Manage performance obligations |
| Revenue Management Integration Requirements | - Define source document types and integration paths - Integrate Revenue Management with source systems (e.g., Fusion Receivables) |
| Revenue Management Setup and Configuration | - Implement Revenue Management setup options - Configure Revenue Management Cloud services |
| Revenue Pricing and Price Profiles | - Define pricing dimension structures and segments - Manage revenue price profiles and pricing rules |
| Reporting and Recognition | - Understand recognition schedules and rules - Use reporting tools for revenue management |
| Revenue Principles and Standards | - Identify components of revenue recognition in Oracle Revenue Management - Explain revenue recognition principles under ASC 606 and IFRS 15 |
Oracle Revenue Management Cloud Service 2017 Implementation Essentials: Frequently Asked Questions
The 1z1-974 exam leads to the Oracle Financials Cloud certification from Oracle. It is positioned at the Associate level. The exam validates the knowledge and skills expected of candidates preparing for Oracle Revenue Management Cloud Service 2017 Implementation Essentials.
Related certifications include:
- Oracle Revenue Management Cloud Service 2017 Certified Implementation Specialist
The 1z1-974 exam includes 60 questions and allows 120 minutes. Before test day, divide the available time by the number of questions in a timed practice set to establish a steady per-question pace. If a difficult item starts consuming too much time, mark it for review and move forward instead of losing momentum. A full timed practice session can help you decide when to move on, when to return, and how much buffer to reserve for a final check.
The passing score for 1z1-974 is Not publicly published (typically ~60-65%), and the official exam fee is USD ~245-295 (approximate Oracle exam fee, may vary by region). Because a retake requires paying the exam fee again, use timed practice results as a readiness check before scheduling your next attempt. If your performance remains inconsistent, continue reviewing weak domains and repeat a timed session before booking the exam.
No formal prerequisite, but Oracle recommends hands-on experience with Oracle Financials Cloud and Revenue Management modules.
Eligibility rules can change, so confirm the current requirements on the official exam page before registering.
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The current 1z1-974 outline is organized into 6 top-level domains. The first listed areas include:
- Revenue Management Setup and Configuration
- Reporting and Recognition
- Revenue Pricing and Price Profiles
Review the Exam Topics section above for the complete outline and any nested subtopics.
Oracle Revenue Management Cloud Service 2017 Implementation Essentials Sample Questions:
Which is NOT a required piece of information when importing contract header Information from a source file?
- A. Record Type
- B. Currency code of source document
- C. Source System
- D. Date of Source Document
- E. Source Document Type code
- F. Source Document Unique Identifier Number 1
Correct Answer: F 🗳️
A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?
- A. Create the performance obligation for the toaster manually.
- B. Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
- C. Define an adhoc rule in the Revenue Price Profile to include the toaster.
- D. Ignore the performance obligation for the toaster because it was free of cost to the customer.
Correct Answer: B 🗳️
Why Is Satisfaction Method a key element of a Performance Obligation?
- A. because it calculates the amount of Total Transaction Price allocated to date
- B. because it calculates the percentage of Total Transaction Price allocated to date
- C. because it specifies whether revenue has been fully or partially recognized for a good or service
- D. because it determines whether revenue for a good or service is recognized Over Time or Point in Time
Correct Answer: D 🗳️
Which two are intended uses for the Standalone Selling Price Report Dashboard?
- A. Monitor transaction price calculation and allocation.
- B. Drill down to data used to derive standalone selling prices.
- C. Analyze standalone selling prices for one or multiple effective periods.
- D. Review performance obligations by effective period.
- E. Diagnose revenue price profile.
Correct Answer: C,E 🗳️
When is it required to populate the number of periods and percentage of revenue (seen in the image below) while defining a revenue scheduling rule?
- A. when Context Values are populated
- B. when it is a business requirement
- C. when the Deferred Revenue box is checked
- D. when the Type is Fixed or Variable
Correct Answer: D 🗳️
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