Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Industries
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Oracle 1z0-322 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Revenue Management and Billing 2 Implementation Essentials |
| Exam Number: | 1Z0-322 |
| Exam Format: | Multiple Choice |
| Available Languages: | English |
| Related Certifications: | Oracle Revenue Management and Billing 2 Certified Implementation Specialist |
| Sample Questions: | Oracle 1z0-322 Sample Questions |
| Exam Way: | Pearson VUE testing center or Oracle-authorized online proctored delivery (subject to Oracle availability). |
| Pre Condition: | No formal prerequisite; Oracle recommends implementation experience with Oracle Revenue Management and Billing. |
| Official Syllabus URL: | https://education.oracle.com/certification |
Oracle 1z0-322 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Billing and Revenue Processing | - Revenue management concepts - Bill calculation and generation - Billing cycles |
| Oracle Revenue Management and Billing Architecture | - System configuration concepts - Data model and key entities - Application architecture and components |
| Pricing and Charge Management | - Adjustments and exceptions - Pricing configuration - Rate schedules |
| Customer and Account Management | - Service agreements and contracts - Customer lifecycle - Account and relationship management |
| Payments and Financial Processing | - Financial transactions and accounting integration - Collections and refunds - Payment processing |
| Implementation and Administration | - Batch processing - Business objects and algorithms - Monitoring, troubleshooting, and deployment |
Your Oracle Revenue Management and Billing 2 Implementation Essentials Questions, Answered
The 1z0-322 exam, officially titled Oracle Revenue Management and Billing 2 Implementation Essentials, is the qualifying test for the Industries certification from Oracle, a credential at the Implementation Specialist level. Passing it proves you have the skills employers look for in certified professionals, and it can also support progress toward related credentials such as Oracle Revenue Management and Billing 2 Certified Implementation Specialist.
No formal prerequisite; Oracle recommends implementation experience with Oracle Revenue Management and Billing. Eligibility rules can change over time, so before you register, confirm the latest requirements on the official exam page: Oracle 1z0-322 exam overview.
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The Oracle Revenue Management and Billing 2 Implementation Essentials syllabus is organized into 6 domains. The main areas include Pricing and Charge Management, Billing and Revenue Processing, and Oracle Revenue Management and Billing Architecture. Scroll up to the Exam Topics section above for the complete, current outline before you plan your study schedule.
Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:
Question 1
Which two statements are true about Business Object schema inheritance?
A. The Child Business Object must refer to the same Maintenance Object as its parent.
B. The Child Business Objectinherits the parent Business Object's schema.
C. The Child Business Object needs to include its parent's schema in order to refer to it.
D. The Child Business Object can refer to a different Maintenance Object than its parent.
E. The Child Business Object can refer to its parent's Schema but does not inherit it.
Question 2
If a customer makes a payment for more than what is due for the account, which entity contains the logic for how this overpayment should be handled?
A. Installation Options
B. Contract Type
C. Tender Type
D. Customer Class
E. Pay Segment Type
Question 3
Which option is true about Person to Person relationships?
A. Recursive Person to Person relationships are possible.
B. A Person to Person relationship that includes the Financial Relationship means that the "parent" will receive copies of the"child's" bills.
C. A Person can only be related to one other Person using a given Relationship Type.
D. Recursive Person to Person relationships are possible, but only with different Relationship Types.
Question 4
Using a base-supplied Algorithm Type, payment distribution priority is typically determined by _________.
A. Customer Class and Contract Type.
B. Debt Age
C. Customer Class and Debt Age.
D. Contract Type's Priority and Debt Age
E. Payment Type and Debt Age.
Question 5
Which option describes the step required to configure a type of payment that will reduce the current balance but not the payoff balance?
A. Create a Tender Source with a Financial Algorithm with a Payoffvalue of 0.
B. Create a Payment Segment Type with a Financial Algorithm with a Payoffvalue of 0.
C. Create a Tender Source and Tender Type with a Financial Algorithmwith a Payoff value of 0.
D. Create a Payment SegmentType and Tender Type with a Financial Algorithmwith a Payoff value of 0.
E. Create a Tender Type with a Financial Algorithmwith a Payoff value of 0.
Solutions:
| Question 1 Answer: A,B | Question 2 Answer: E | Question 3 Answer: D | Question 4 Answer: D | Question 5 Answer: C |
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