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

  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Jul 19, 2026
  • Q & A: 79 Questions and Answers

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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Topic 1: Billing and Invoicing- Invoice management
  • 1. Invoice generation and delivery
    • 2. Invoice lifecycle handling
      - Billing execution
      • 1. Bill adjustments and corrections
        • 2. Bill generation process
          Topic 2: Revenue Recognition- Revenue accounting principles
          • 1. Revenue recognition rules setup
            • 2. Deferred revenue handling
              - Revenue reporting
              • 1. Revenue allocation methods
                • 2. Revenue schedules
                  Topic 3: 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
                          Topic 4: 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
                                  Topic 5: Configuration and Setup- Customer and contract setup
                                  • 1. Account configuration
                                    • 2. Contract management setup
                                      - Product and pricing configuration
                                      • 1. Pricing rules and structures
                                        • 2. Service products setup

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          1. In order to map an element that physically resides in a column on a Maintenance Object's primary table to a Business Object schema you would use the schema attribute ______

                                          A) MapTable
                                          B) MapChild
                                          C) MapElement
                                          D) MapField
                                          E) MapPrimTable


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

                                          A) Person
                                          B) Contract Type
                                          C) Account
                                          D) Bill Segment Type
                                          E) Account's Customer Class


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


                                          4. What two Payment statuses will create a Financial Transaction for a payment?

                                          A) Cancelled
                                          B) Error
                                          C) Frozen
                                          D) Freezable
                                          E) Complete


                                          5. When a child Business Object exists, which option correctly describes access rights?

                                          A) Access Rights are required only for the user at the child Business Object level.
                                          B) Access Rights are required for the user at both the parent and child Business Objects levels.
                                          C) Access Rights are optional.
                                          D) Access Rights are never required for Business Objects, only MaintenanceObjects
                                          E) Access Rights are required only for the user at the parent Business Object level.


                                          Solutions:

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

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