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Oracle 1z1-322

1z1-322

Exam Code: 1z1-322

Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials

Updated: Sep 03, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Topic 1: Pricing and Charge Management- Adjustments and exceptions
- Pricing configuration
- Rate schedules
Topic 2: Oracle Revenue Management and Billing Architecture- Data model and key entities
- Application architecture and components
- System configuration concepts
Topic 3: Implementation and Administration- Monitoring, troubleshooting, and deployment
- Batch processing
- Business objects and algorithms
Topic 4: Customer and Account Management- Service agreements and contracts
- Customer lifecycle
- Account and relationship management
Topic 5: Billing and Revenue Processing- Billing cycles
- Revenue management concepts
- Bill calculation and generation
Topic 6: Payments and Financial Processing- Financial transactions and accounting integration
- Payment processing
- Collections and refunds

Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

Question 1

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

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


Question 2

Which three options are controlled by an Adjustment Type?

A. Defaulting Adjustment amount
B. Valid Adjustment Profiles
C. If a Rate is to be called to calculate an amount
D. How an Adjustment appears on a Bill
E. Valid Contract Types


Question 3

Which step type allows you to invoke another Business Process Assistant (BPA) Script and assumes the original Script has completed execution?

A. Transfer Control
B. Invoke Service Script
C. Go To Step
D. Perform Script
E. Press a Button


Question 4

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

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


Question 5

Which two statements are correct about Option Types?

A. No option types on a Business Object, only Maintenance Objects
B. Option Types allow you to add fields to a BO/State without having to change the database.
C. For multi Option Types,the framework returns the option value "nearest" to the BO.
D. For single Option Types, the framework assembles the list of option values from the top of the hierarchy to the bottom.
E. OptionTypes can be used in your Enter, Exit, and Auto Transition Algorithms.


Solutions:

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

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