Oracle Revenue Management and Billing 2 Implementation Essentials : 1z1-322 Exam

  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Sep 06, 2026
  • Q & A: 79 Questions and Answers

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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Integration and Reporting- Reporting and analytics
  • 1. Custom reporting capabilities
    • 2. Standard reporting tools
      - System integration
      • 1. Integration with upstream systems
        • 2. Integration with downstream ERP systems
          Revenue Recognition- Revenue accounting principles
          • 1. Deferred revenue handling
            • 2. Revenue recognition rules setup
              - Revenue reporting
              • 1. Revenue schedules
                • 2. Revenue allocation methods
                  Billing and Invoicing- Invoice management
                  • 1. Invoice lifecycle handling
                    • 2. Invoice generation and delivery
                      - Billing execution
                      • 1. Bill adjustments and corrections
                        • 2. Bill generation process
                          Configuration and Setup- Product and pricing configuration
                          • 1. Service products setup
                            • 2. Pricing rules and structures
                              - Customer and contract setup
                              • 1. Contract management setup
                                • 2. Account configuration
                                  Revenue Management and Billing Fundamentals- Core concepts of Oracle Revenue Management and Billing
                                  • 1. Key business objects and entities
                                    • 2. System architecture overview
                                      - Business processes overview
                                      • 1. Billing lifecycle flow
                                        • 2. Revenue lifecycle flow

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          Question 1

                                          Which three items can be bundled?

                                          A. Business Objects
                                          B. Portals with Zones.
                                          C. Fixed Pages
                                          D. Data linked to tables where the primary key is randomly generated.
                                          E. Scripts


                                          Question 2

                                          How can Account-level information be restricted to a user?

                                          A. through Data Masking
                                          B. setting up Account Access Groups and Data Access Roles
                                          C. setting up Account Relationship Codes
                                          D. setting up Customer Class
                                          E. setting up Account Management Groups


                                          Question 3

                                          Which option describes the step required to configure a type of payment that will reduce the current balance but not the payoff balance?

                                          A. Create a Payment SegmentType and Tender Type with a Financial Algorithmwith a Payoff value of 0.
                                          B. Create a Tender Type with a Financial Algorithmwith a Payoff value of 0.
                                          C. Create a Tender Source with a Financial Algorithm with a Payoffvalue of 0.
                                          D. Create a Tender Source and Tender Type with a Financial Algorithmwith a Payoff value of 0.
                                          E. Create a Payment Segment Type with a Financial Algorithm with a Payoffvalue of 0.


                                          Question 4

                                          Which entity defines the type of collections process to start based on age of debt, amount of debt, and type of customer?

                                          A. Collection Class Control
                                          B. Debt Class
                                          C. Customer Class
                                          D. Collection Class
                                          E. Collection Process Template


                                          Question 5

                                          Which two options will cause the system to automatically create an appropriate entry in the Disaggregation table?

                                          A. changing the Effective Start Date of the Product Pricing assigned to an Account or a Customer
                                          B. changing the Effective End Date of the Product Pricing assigned to an Account or a Customer
                                          C. assigning a Price List to an Account
                                          D. overriding Effective Pricing for a Product that is assigned to an Account
                                          E. assigning a Price List to atransaction


                                          Solutions:

                                          Question 1
                                          Answer: A,C,E
                                          Question 2
                                          Answer: D
                                          Question 3
                                          Answer: D
                                          Question 4
                                          Answer: E
                                          Question 5
                                          Answer: C,D

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