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Oracle Industries 1z1-322 Braindumps

1z1-322

Exam Code: 1z1-322

Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials

Updated: Sep 29, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Topic 1: Revenue Recognition- Revenue reporting
  • 1. Revenue allocation methods
    • 2. Revenue schedules
      - Revenue accounting principles
      • 1. Revenue recognition rules setup
        • 2. Deferred revenue handling
          Topic 2: Billing and Invoicing- Billing execution
          • 1. Bill adjustments and corrections
            • 2. Bill generation process
              - Invoice management
              • 1. Invoice generation and delivery
                • 2. Invoice lifecycle handling
                  Topic 3: 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 4: Configuration and Setup- Customer and contract setup
                          • 1. Account configuration
                            • 2. Contract management setup
                              - Product and pricing configuration
                              • 1. Service products setup
                                • 2. Pricing rules and structures
                                  Topic 5: Integration and Reporting- System integration
                                  • 1. Integration with downstream ERP systems
                                    • 2. Integration with upstream systems
                                      - Reporting and analytics
                                      • 1. Standard reporting tools
                                        • 2. Custom reporting capabilities

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          Question #1
                                          Which step type in Scripts allows you to enter XPath for validation or for invoking objects?

                                          A. Invoke Business Service
                                          B. Invoke Business Object
                                          C. Go To Step
                                          D. Height Step
                                          E. Edit Data


                                          Question #2
                                          Which statement describes what happens when an Account is added to an Active Statement Construct?

                                          A. Bills produced for this Account prior to its Start Date in the Statement Detail and afterthe last Statement date will be included in the next Statement.
                                          B. Bills produced for this Account after its Start Date in the Statement Detail will be included only in the next statement if they haven't been included in another statement.
                                          C. All Bills produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
                                          D. Only the latest Bill produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
                                          E. Bills produced for this Account prior to its Start Date in the Statement Detail and after the Statement Construct has been made active will be included in the next Statement.


                                          Question #3
                                          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. MapChild
                                          B. MapField
                                          C. MapPrimTable
                                          D. MapTable
                                          E. MapElement


                                          Question #4
                                          If a customer makes a payment for more than what is due for the account, which entity contains the logic for how this overpayment should be handled?

                                          A. Installation Options
                                          B. Contract Type
                                          C. Customer Class
                                          D. Pay Segment Type
                                          E. Tender Type


                                          Question #5
                                          Which two options will cause the system to automatically create an appropriate entry in the Disaggregation table?

                                          A. changing the Effective End Date of the Product Pricing assigned to an Account or a Customer
                                          B. changing the Effective Start Date of the Product Pricing assigned to an Account or a Customer
                                          C. overriding Effective Pricing for a Product that is assigned to an Account
                                          D. assigning a Price List to an Account
                                          E. assigning a Price List to atransaction


                                          Solutions:

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

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