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

  • Exam Code: 1z1-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: May 29, 2026     Q & A: 79 Questions and Answers

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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

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

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


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

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


3. The types of debt handling supported in ORMB are _____________.

A) Open Item and Balance Forward
B) Open Item and Current Item
C) Balance Forward only
D) Open Item and Pay-It-Forward
E) FIFO and Balance Forward


4. 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


5. Which statement describes what happens when an Account is added to an Active Statement Construct?

A) All Bills produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
B) Only the latest Bill produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
C) Bills produced for this Account prior to its Start Date in the Statement Detail and afterthe last Statement date will be included in the next Statement.
D) Bills produced for this Account after its Start Date in the Statement Detail will be included only in the next statement if they haven't been included in another statement.
E) Bills produced for this Account prior to its Start Date in the Statement Detail and after the Statement Construct has been made active will be included in the next Statement.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: C
Question # 5
Answer: A

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