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

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

SectionWeightObjectives
Topic 1: Billing Configuration & Processing25%- Rate structure and pricing components
- Bill cycle and bill segment setup
- Bill generation and freeze/cancel
- Billable charges and adjustments
Topic 2: Payment & Financial Management20%- Payment arrangements and overdue processing
- Financial transactions and accounting
- Tender types and payment processing
Topic 3: ORMB Framework & Architecture20%- Algorithms and plug-in logic
- Maintenance Objects and Business Objects
- Background processing and batch control
- Framework concepts and components
- UI Maps, Portals and Zones
Topic 4: Customer & Account Management18%- Contract types and characteristics
- Customer class and divisions
- Account and Person entities
Topic 5: Integration & Implementation17%- Business Process Assistant (BPA) scripts
- Implementation best practices
- Business Services and real-time integration

Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. In what scenario is a Bill Period mode of recurrence typically used?

A) when billing on an annual basis
B) to create a Bill Segments with a specific end-date
C) to generate a bill on a specific date
D) when billing on a monthly basis
E) to create a Bill Segment for the whole month


2. An implementation has plugged in a monitor Algorithm on a Business Object. What must be used if you do not want the Algorithm to be executed?

A) Hold Monitoring
B) Stop Monitoring
C) No Monitoring
D) Cancel Monitoring
E) Deferred Monitoring


3. When does the system check a user's access rights when one Business Object invokes another Business Object?

A) Access Rights are checked only for the final Business Object that is invoked.
B) Access Rights are never checked for Business Objects, only Maintenance Objects.
C) Access Rights are checked for boththe initial andthe final Business Objects that are invoked.
D) Access Rights are checked only for the initial Business Object that is invoked.
E) Access Rights are optional.


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


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

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


Solutions:

Question # 1
Answer: D
Question # 2
Answer: A
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: C

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