Oracle 1z1-322 Q&A - in .pdf

  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Sep 09, 2026
  • Q & A: 79 Questions and Answers
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  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Sep 09, 2026
  • Q & A: 79 Questions and Answers
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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Revenue Recognition- Revenue reporting
  • 1. Revenue schedules
    • 2. Revenue allocation methods
      - Revenue accounting principles
      • 1. Revenue recognition rules setup
        • 2. Deferred revenue handling
          Configuration and Setup- Product and pricing configuration
          • 1. Service products setup
            • 2. Pricing rules and structures
              - Customer and contract setup
              • 1. Contract management setup
                • 2. Account configuration
                  Integration and Reporting- System integration
                  • 1. Integration with downstream ERP systems
                    • 2. Integration with upstream systems
                      - Reporting and analytics
                      • 1. Custom reporting capabilities
                        • 2. Standard reporting tools
                          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
                                  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

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          Question #1

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

                                          • A. when billing on an annual basis
                                          • B. to generate a bill on a specific date
                                          • C. when billing on a monthly basis
                                          • D. to create a Bill Segments with a specific end-date
                                          • E. to create a Bill Segment for the whole month
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          Question #2

                                          Which three statements are true for base package-supplied Maintenance Objects?

                                          • A. Core business rules can be removed.
                                          • B. Core business rules are written in COBOL.
                                          • C. Core business rules can be extended.
                                          • D. Core business rules can be changed.
                                          • E. Core business rules are written in Java.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C,D,E  🗳️

                                          Question #3

                                          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 on the Initial State of the Lifecycle.
                                          • 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, add a Default Value for the characteristic.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A  🗳️

                                          Question #4

                                          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 user populates the Transfer Adjustment tab
                                          • D. the Generate Adjustment algorithm allows for it
                                          • E. the Approval Profile has a debit and credit hierarchy
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          Question #5

                                          Which option identifies the tab(s) on Control Central as a Portal (and not as a fixed page) and allows implementations to configure additional Zones?

                                          • A. Main
                                          • B. Main and Customer Information
                                          • C. Account Information only and Customer Information
                                          • D. Account Information only
                                          • E. Customer Information only
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A  🗳️

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