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

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:

SectionObjectives
Topic 1: Integration and Reporting- System integration
  • 1. Integration with upstream systems
    • 2. Integration with downstream ERP systems
      - Reporting and analytics
      • 1. Standard reporting tools
        • 2. Custom reporting capabilities
          Topic 2: Billing and Invoicing- Invoice management
          • 1. Invoice lifecycle handling
            • 2. Invoice generation and delivery
              - Billing execution
              • 1. Bill generation process
                • 2. Bill adjustments and corrections
                  Topic 3: 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. Revenue lifecycle flow
                        • 2. Billing lifecycle flow
                          Topic 4: Revenue Recognition- Revenue accounting principles
                          • 1. Deferred revenue handling
                            • 2. Revenue recognition rules setup
                              - Revenue reporting
                              • 1. Revenue allocation methods
                                • 2. Revenue schedules
                                  Topic 5: 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

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          1. The calculation for one bill segment relies on information calculated by another bill segment for the same account. How should you do this?

                                          A) Define the billing processing sequence on the Rate Schedule to control the order in which the Contracts are processed.
                                          B) Define the billing processing sequence on the Rate Component to control the order in which the Bill Segments are processed.
                                          C) Define the billing processing sequence on the Contract Type to control the order in which the Contracts are processed.
                                          D) Define the billing processing sequence on the Customer Class to control the order in which the Contracts are processed.
                                          E) Define the billing processing sequence on the Bill Segment Type to control the order in which the Bill Segments are processed.


                                          2. Which mapping rule saves a user from mapping data again when multiple elements reside on the same row?

                                          A) RowChild
                                          B) RowElement
                                          C) RowField
                                          D) RowRef
                                          E) MapRow


                                          3. Which option describes the steps that allow new custom data fields, that only accept numeric values, to be stored against a Customer?

                                          A) Create a validation Algorithm, define a Field on the Customer table, and then set the Algorithm as the Validation Rule.
                                          B) Create a validation Algorithm, define an Adhoc Value Characteristic for the Person entity, and set the Algorithm as the Validation Rule.
                                          C) Create a Validation Algorithm, define a Lookup to hold the values, and set the Algorithm as the Java Value Name.
                                          D) Create a validation Algorithm, define a Field on the Person table, and set the Algorithm as the Validation Rule.
                                          E) Define a Predefined Value Characteristic for the Person entity and add the digits 0-9 as Predefined values.


                                          4. Which option describes the steps required to ensure a characteristic is provided when a case is first saved, whether it is created manually or by a script?

                                          A) Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the RequiredFlag to true, add a Default Value for the characteristic.
                                          B) Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the Default flag for the characteristic and a Default Value.
                                          C) Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the Default flag for the characteristic.
                                          D) Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the RequiredFlag to true on the Initial State of the Lifecycle.


                                          5. Which architecture tier provides security authentication when logging in to ORMB?

                                          A) Database
                                          B) Application Server
                                          C) Web Server
                                          D) WebApplication Server
                                          E) User Interface Tier


                                          Solutions:

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

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