Exam Code: 1z1-322
Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Industries
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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Revenue Recognition- Revenue reporting
  • 1. Revenue allocation methods
    • 2. Revenue schedules
      - Revenue accounting principles
      • 1. Revenue recognition rules setup
        • 2. Deferred revenue handling
          Billing and Invoicing- Billing execution
          • 1. Bill adjustments and corrections
            • 2. Bill generation process
              - Invoice management
              • 1. Invoice generation and delivery
                • 2. Invoice lifecycle handling
                  Configuration and Setup- Product and pricing configuration
                  • 1. Pricing rules and structures
                    • 2. Service products setup
                      - Customer and contract setup
                      • 1. Account configuration
                        • 2. Contract management setup
                          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. System architecture overview
                                    • 2. Key business objects and entities
                                      - Business processes overview
                                      • 1. Billing lifecycle flow
                                        • 2. Revenue lifecycle flow

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          1. Which entity is Revision Control enabled on?

                                          A) Portals
                                          B) Portals and Zones
                                          C) Both Business and Maintenance Objects
                                          D) Business Object
                                          E) Maintenance Object


                                          2. An implementation has plugged in a monitor Algorithm on a Business Object. What must be used if you do not want the Algorithm to be executed?

                                          A) Cancel Monitoring
                                          B) Stop Monitoring
                                          C) Deferred Monitoring
                                          D) Hold Monitoring
                                          E) No Monitoring


                                          3. Older Maintenance Objects are maintained using object maintenance. How are the business objects of newer Maintenance Objects maintained?

                                          A) ConfigLab
                                          B) Character Large Object (CLOB)
                                          C) Basic Large Object (BLOB)
                                          D) Data Dictionary
                                          E) Portal Maintenance


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

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


                                          5. Where should the actual Rate be stored to keep a Rate Schedule most flexible?

                                          A) on the Account
                                          B) on the Customer
                                          C) on the Rate Components
                                          D) on the Price Assignment
                                          E) on the Bill Factors


                                          Solutions:

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

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