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

1z1-322 Exam Simulator
  • 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
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 Recognition- Revenue reporting
          • 1. Revenue schedules
            • 2. Revenue allocation methods
              - Revenue accounting principles
              • 1. Deferred revenue handling
                • 2. Revenue recognition rules setup
                  Billing and Invoicing- Billing execution
                  • 1. Bill generation process
                    • 2. Bill adjustments and corrections
                      - Invoice management
                      • 1. Invoice lifecycle handling
                        • 2. Invoice generation and delivery
                          Integration and Reporting- System integration
                          • 1. Integration with upstream systems
                            • 2. Integration with downstream ERP systems
                              - Reporting and analytics
                              • 1. Standard reporting tools
                                • 2. Custom reporting capabilities
                                  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. Billing lifecycle flow
                                        • 2. Revenue lifecycle flow

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          1. Which status does not allow a bundle to be reopened?

                                          A) Bundled
                                          B) Cancelled
                                          C) Pending
                                          D) Applied


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

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


                                          3. Which two options describe what happens when the last of multiple invoke statements in a script encounters an error?

                                          A) If it is a Service script, the earlier steps are committed and the final step is rolled back.
                                          B) If it is a BPA script, all the steps are rolled back.
                                          C) If it is a BPA script, all the steps are committed.
                                          D) If it is a Service script, all the steps are rolled back.
                                          E) If it is a BPA script, the earlier steps arecommitted and the final step is rolled back.


                                          4. What is the correct hierarchy for background processing entities?

                                          A) Batch Run, Batch Code, Batch Message, Execution Instance, Thread
                                          B) Batch Run, Batch Code, Execution Instance, Batch Message, Thread
                                          C) Batch Code, Thread, Batch Run, Execution Instance, Batch Message
                                          D) Batch Control, Batch Run, Thread, Execution Instance, Batch Message
                                          E) Batch Code, Execution Instance, Batch Run, Thread, Batch Message


                                          5. When setting up pricing for a customer, which option allows you to prevent product prices from parent pricelists being used?

                                          A) the Inheritance flag on the Price Assignment
                                          B) the Ignore flag on the Price Assignment
                                          C) the Inheritance flag on the Price List Assignment
                                          D) the Apply To flag on the Price Assignment
                                          E) the Priority on the Price List Assignment


                                          Solutions:

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

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