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: Jul 26, 2026
  • Q & A: 79 Questions and Answers

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Oracle 1z1-322 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Integration & Implementation17%- Business Process Assistant (BPA) scripts
- Business Services and real-time integration
- Implementation best practices
Topic 2: Customer & Account Management18%- Account and Person entities
- Customer class and divisions
- Contract types and characteristics
Topic 3: Payment & Financial Management20%- Payment arrangements and overdue processing
- Financial transactions and accounting
- Tender types and payment processing
Topic 4: Billing Configuration & Processing25%- Billable charges and adjustments
- Rate structure and pricing components
- Bill generation and freeze/cancel
- Bill cycle and bill segment setup
Topic 5: ORMB Framework & Architecture20%- Maintenance Objects and Business Objects
- UI Maps, Portals and Zones
- Algorithms and plug-in logic
- Background processing and batch control
- Framework concepts and components

Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

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

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


2. What is the difference between a Service Script and a Plug-in Script?

A) Service Scripts have user-configured input/outputs while Plug-in Scripts have predefined input/outputs.
B) Service Script allows you to invoke Business Objects while a Plug-in Script does not.
C) Service Script has an Edit Data step type and Plug-in Script does not.
D) Service Script executes on the server side while a Plug-in Script does not.
E) Service Scripts have predefined input/outputs while Plug-in Scripts have user-configured input/outputs.


3. Which statement is correct about Phantom Bundles?

A) The ratio of product quantities is used to determine the rate for volume-based pricing.
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) The ratio of product quantities is used to determine the total quantity for discount purposes.
E) Pricing is defined at the Bundle level.


4. For open item Accounts, which two Financial Transaction Types will never be swept onto a Bill?

A) Adjustments
B) Payment Segments
C) Payment Segment Cancellations
D) Bill Segment Cancellations
E) Bill Segments


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

A) 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.
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) All Bills produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
D) 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.
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: A
Question # 3
Answer: D
Question # 4
Answer: A,B
Question # 5
Answer: C

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