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

1z1-322 real exams

Exam Code: 1z1-322

Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials

Updated: Sep 04, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-322 Exam Syllabus Topics:

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

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          Question 1

                                          Which option is true about Person to Person relationships?

                                          A. A Person can only be related to one other Person using a given Relationship Type.
                                          B. A Person to Person relationship that includes the Financial Relationship means that the "parent" will receive copies of the"child's" bills.
                                          C. Recursive Person to Person relationships are possible.
                                          D. Recursive Person to Person relationships are possible, but only with different Relationship Types.


                                          Question 2

                                          What is specifically needed to turn an Adjustment into a Transfer Adjustment?

                                          A. the Adjustment Type needs two Distribution Codes
                                          B. the Generate Adjustment algorithm allows for it and the user populates the Transfer Adjustment tab
                                          C. the Approval Profile has a debit and credit hierarchy
                                          D. the user populates the Transfer Adjustment tab
                                          E. the Generate Adjustment algorithm allows for it


                                          Question 3

                                          Which three actions can you perform in a plug-in script?

                                          A. Invoke a Business Object
                                          B. Invoke a Business Service
                                          C. Invoke a map
                                          D. Invoke a service script
                                          E. Invoke a function


                                          Question 4

                                          How do you set up a customer in ORMB?

                                          A. Create a Billable Charge.
                                          B. Create a Contract.
                                          C. Create a Person.
                                          D. Create a Person and an Account.
                                          E. Create an Account.


                                          Question 5

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

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


                                          Solutions:

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

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