Oracle 1z0-322 : Oracle Revenue Management and Billing 2 Implementation Essentials

  • Exam Code: 1z0-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Sep 10, 2026     Q & A: 79 Questions and Answers

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Oracle 1z0-322 Exam Syllabus Topics:

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

Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

Question #1

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

  • A. Error
  • B. Complete
  • C. Frozen
  • D. Freezable
  • E. Cancelled
Reveal Solution  Discussion  0

Correct Answer: A,C  🗳️

Question #2

Which three statements are correct in reference to Case Type?

  • A. They define multiple initial and final states within the Case's lifecycle.
  • B. They control the lifecycle of the Case.
  • C. They define the template for outgoing letters.
  • D. They define if a Responsible User is required.
  • E. They define additional fields to be entered as part of the Case.
Reveal Solution  Discussion  0

Correct Answer: A,B,E  🗳️

Question #3

When is a recurring Billable Charge required to be created?

  • A. once a month
  • B. depends on the bill cycle
  • C. every time a group is billed
  • D. only when a new member is added to the group
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

Which statement is correct about Phantom Bundles?

  • A. The ratio of product quantities is used to determine the total quantity for discount purposes.
  • B. For pricing, the quantities of the services used for the products in the bundle are combined into in overall total that is priced.
  • C. Pricing is not defined at the Bundle level.
  • D. Pricing is defined at the Bundle level.
  • E. The ratio of product quantities is used to determine the rate for volume-based pricing.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).

Question #5

After a bill has been generated and sent to a customer, a business user may discover an error and will need to correct the charges that were generated.
Which option describes the functionality where canceled and rebilled Bill Segments are presented on a new Bill that must not contain new charges?

  • A. Credit Notes
  • B. Correction Notes
  • C. Cancel/Rebill
  • D. Debit Notes
  • E. Off Cycle Bill Generator
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for Prep4sures members. You can sign-up / login (it's free).

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