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

Oracle 1z1-322 Actual PDF
  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Sep 08, 2026
  • Q & A: 79 Questions and Answers
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Oracle 1z1-322 Exam Syllabus Topics:

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

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          Question #1

                                          For open item Accounts, which two Financial Transaction Types will never be swept onto a Bill?

                                          • A. Bill Segments
                                          • B. Payment Segment Cancellations
                                          • C. Payment Segments
                                          • D. Bill Segment Cancellations
                                          • E. Adjustments
                                          Answer: C,E
                                          Question #2

                                          What specialized version of Maintenance Objects is designed to represent the business?

                                          • A. Business Object
                                          • B. Basic Large Object (BLOB)
                                          • C. Data Area
                                          • D. Business Element
                                          • E. Character Large Object (CLOB)
                                          Answer: A
                                          Question #3

                                          Which entity is Revision Control enabled on?

                                          • A. Business Object
                                          • B. Portals and Zones
                                          • C. Portals
                                          • D. Maintenance Object
                                          • E. Both Business and Maintenance Objects
                                          Answer: B

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                                          Question #4

                                          What is the correct sequence of steps required to create and implement a plug-in?

                                          • A. Write program logic, create Algorithm Type referencing program, plug in Algorithm Type into applicable plug-in point.
                                          • B. Write program logic, create Algorithm Type referencing program, create Algorithm referencing Algorithm Type, plug in Algorithm into applicable plug-in point.
                                          • C. Write program logic, create Algorithm referencing program, plug in Algorithm into applicable plug-in point.
                                          • D. Write program logic, plug in to appropriate plug-in point.
                                          • E. Write program logic directly into plug-in point.
                                          Answer: A
                                          Question #5

                                          In addition to the base package tables/fields, which two options may be used to store additional attributes that may not fit into the base package tables/fields without introducing database changes?

                                          • A. Custom fields on base package tables
                                          • B. Basic Large Object (BLOB)
                                          • C. Custom child table(s) linked to base package parent tables
                                          • D. Character Large Object (CLOB)
                                          • E. Characteristics
                                          Answer: B,C

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