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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Billing and Invoicing- Invoice management
  • 1. Invoice generation and delivery
    • 2. Invoice lifecycle handling
      - Billing execution
      • 1. Bill generation process
        • 2. Bill adjustments and corrections
          Revenue Recognition- Revenue reporting
          • 1. Revenue allocation methods
            • 2. Revenue schedules
              - Revenue accounting principles
              • 1. Deferred revenue handling
                • 2. Revenue recognition rules setup
                  Integration and Reporting- Reporting and analytics
                  • 1. Standard reporting tools
                    • 2. Custom reporting capabilities
                      - System integration
                      • 1. Integration with upstream systems
                        • 2. Integration with downstream ERP systems
                          Revenue Management and Billing Fundamentals- Business processes overview
                          • 1. Revenue lifecycle flow
                            • 2. Billing lifecycle flow
                              - Core concepts of Oracle Revenue Management and Billing
                              • 1. Key business objects and entities
                                • 2. System architecture overview
                                  Configuration and Setup- Product and pricing configuration
                                  • 1. Service products setup
                                    • 2. Pricing rules and structures
                                      - Customer and contract setup
                                      • 1. Account configuration
                                        • 2. Contract management setup

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          Question #1

                                          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, the earlier steps arecommitted and the final step is rolled back.
                                          • C. If it is a Service script, all the steps are rolled back.
                                          • D. If it is a BPA script, all the steps are committed.
                                          • E. If it is a BPA script, all the steps are rolled back.
                                          Answer: B,E
                                          Question #2

                                          Which three statements are true for base package-supplied Maintenance Objects?

                                          • A. Core business rules can be removed.
                                          • B. Core business rules can be extended.
                                          • C. Core business rules can be changed.
                                          • D. Core business rules are written in Java.
                                          • E. Core business rules are written in COBOL.
                                          Answer: B,C,D
                                          Question #3

                                          How do you set up a customer in ORMB?

                                          • A. Create a Billable Charge.
                                          • B. Create a Person.
                                          • C. Create an Account.
                                          • D. Create a Person and an Account.
                                          • E. Create a Contract.
                                          Answer: D
                                          Question #4

                                          What specialized version of Maintenance Objects is designed to represent the business?

                                          • A. Business Object
                                          • B. Character Large Object (CLOB)
                                          • C. Basic Large Object (BLOB)
                                          • D. Business Element
                                          • E. Data Area
                                          Answer: A
                                          Question #5

                                          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. Stop Monitoring
                                          • B. Cancel Monitoring
                                          • C. Deferred Monitoring
                                          • D. No Monitoring
                                          • E. Hold Monitoring
                                          Answer: E

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