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

1z1-322 pass collection

Exam Code: 1z1-322

Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials

Updated: Sep 16, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Topic 1: Revenue Management and Billing Fundamentals- Business processes overview
  • 1. Billing lifecycle flow
    • 2. Revenue lifecycle flow
      - Core concepts of Oracle Revenue Management and Billing
      • 1. System architecture overview
        • 2. Key business objects and entities
          Topic 2: Configuration and Setup- Product and pricing configuration
          • 1. Service products setup
            • 2. Pricing rules and structures
              - Customer and contract setup
              • 1. Account configuration
                • 2. Contract management setup
                  Topic 3: Billing and Invoicing- Invoice management
                  • 1. Invoice generation and delivery
                    • 2. Invoice lifecycle handling
                      - Billing execution
                      • 1. Bill generation process
                        • 2. Bill adjustments and corrections
                          Topic 4: Integration and Reporting- Reporting and analytics
                          • 1. Standard reporting tools
                            • 2. Custom reporting capabilities
                              - System integration
                              • 1. Integration with upstream systems
                                • 2. Integration with downstream ERP systems
                                  Topic 5: Revenue Recognition- Revenue reporting
                                  • 1. Revenue allocation methods
                                    • 2. Revenue schedules
                                      - Revenue accounting principles
                                      • 1. Deferred revenue handling
                                        • 2. Revenue recognition rules setup

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          Question #1

                                          Which three options are controlled by an Adjustment Type?

                                          • A. If a Rate is to be called to calculate an amount
                                          • B. How an Adjustment appears on a Bill
                                          • C. Valid Adjustment Profiles
                                          • D. Valid Contract Types
                                          • E. Defaulting Adjustment amount
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A,B,E  🗳️

                                          Question #2

                                          Older Maintenance Objects are maintained using object maintenance. How are the business objects of newer Maintenance Objects maintained?

                                          • A. Portal Maintenance
                                          • B. Basic Large Object (BLOB)
                                          • C. Character Large Object (CLOB)
                                          • D. Data Dictionary
                                          • E. ConfigLab
                                          Reveal Solution  Discussion  0

                                          Correct Answer: E  🗳️

                                          Question #3

                                          In an implementation of ORMB, which option indicates the architecture tier where the business rules reside?

                                          • A. Application Server
                                          • B. User Interface Tier
                                          • C. Database
                                          • D. Web Server
                                          • E. Web and Application Server
                                          Reveal Solution  Discussion  0

                                          Correct Answer: E  🗳️

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                                          Question #4

                                          Which two are valid options for breaking an active Payment Arrangement?

                                          • A. Cancel the Payment Arrangement.
                                          • B. Let the system monitors break the Payment Arrangement.
                                          • C. Reduce the number of installments to zero.
                                          • D. Create a Transfer Adjustment to move the debt away from the Payment Arrangement.
                                          • E. Manually break the Payment Arrangement.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C,D  🗳️

                                          Question #5

                                          Which two are valid sources from which Bill Messages can be retrieved after a Bill is completed?

                                          • A. Bill Segment Type
                                          • B. Person
                                          • C. Account
                                          • D. Contract Type
                                          • E. Account's Customer Class
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A,C  🗳️

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