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

1z1-322
  • 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
Billing and Invoicing- Billing execution
  • 1. Bill adjustments and corrections
    • 2. Bill generation process
      - Invoice management
      • 1. Invoice lifecycle handling
        • 2. Invoice generation and delivery
          Revenue Recognition- Revenue reporting
          • 1. Revenue allocation methods
            • 2. Revenue schedules
              - Revenue accounting principles
              • 1. Revenue recognition rules setup
                • 2. Deferred revenue handling
                  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
                          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
                                  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:

                                          1. How can Accounts be linked to Persons?

                                          A) Only one Person can be linked to an Account at a time.
                                          B) There is no limit to the number of Relationship Types that can be created and used to link Accounts to Persons.
                                          C) There is no limit to the number of Contracts that can link a Person to an Account.
                                          D) An Account can have a Main Customer and an alternate Customer.
                                          E) You can link accounts to Persons through Billing Hierarchy, Statement Hierarchy, Legal Hierarchy.


                                          2. Which option describes the possible sources of the price used to charge for a product on an account?

                                          A) Customer PriceList, Acount PriceList, Contract PriceList, Customer Agreed Price, Account Agreed Price, Contract Agreed Price
                                          B) Global PriceList, Customer PriceList, Account PriceList, Customer Agreed Price, Account Agreed Price, Contact Agreed Price
                                          C) Global PriceList, Customer PriceList, Account PriceList, Contract PriceList, Customer Agreed Price, Account Agreed Price, Contract Agreed Price
                                          D) Global PriceList, Customer PriceList, Account PriceList, Customer Agreed Price,Account Agreed Price
                                          E) Global PriceList, Customer PriceList, Customer Agreed Price, Account Agreed Price


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

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


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

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


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

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


                                          Solutions:

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

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