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Oracle 1z1-322 Exam Syllabus Topics:

SectionObjectives
Topic 1: 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. System architecture overview
        • 2. Key business objects and entities
          Topic 2: Configuration and Setup- Customer and contract setup
          • 1. Contract management setup
            • 2. Account configuration
              - Product and pricing configuration
              • 1. Service products setup
                • 2. Pricing rules and structures
                  Topic 3: Revenue Recognition- Revenue accounting principles
                  • 1. Deferred revenue handling
                    • 2. Revenue recognition rules setup
                      - Revenue reporting
                      • 1. Revenue schedules
                        • 2. Revenue allocation methods
                          Topic 4: Integration and Reporting- System integration
                          • 1. Integration with downstream ERP systems
                            • 2. Integration with upstream systems
                              - Reporting and analytics
                              • 1. Standard reporting tools
                                • 2. Custom reporting capabilities
                                  Topic 5: Billing and Invoicing- Billing execution
                                  • 1. Bill generation process
                                    • 2. Bill adjustments and corrections
                                      - Invoice management
                                      • 1. Invoice generation and delivery
                                        • 2. Invoice lifecycle handling

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          1. Which two options allow a specific price, percent, or flat charge to be directly specified on a Rate Component?

                                          A) Explicitly Specified
                                          B) Bill Factor
                                          C) Bill Factor Value
                                          D) Service Quantity
                                          E) Rate Component Value Algorithm


                                          2. How can Accounts be linked to Persons?

                                          A) An Account can have a Main Customer and an alternate Customer.
                                          B) There is no limit to the number of Relationship Types that can be created and used to link Accounts to Persons.
                                          C) Only one Person can be linked to an Account at a time.
                                          D) You can link accounts to Persons through Billing Hierarchy, Statement Hierarchy, Legal Hierarchy.
                                          E) There is no limit to the number of Contracts that can link a Person to an Account.


                                          3. Which option describes the steps that allow new custom data fields, that only accept numeric values, to be stored against a Customer?

                                          A) Create a validation Algorithm, define an Adhoc Value Characteristic for the Person entity, and set the Algorithm as the Validation Rule.
                                          B) Create a Validation Algorithm, define a Lookup to hold the values, and set the Algorithm as the Java Value Name.
                                          C) Create a validation Algorithm, define a Field on the Customer table, and then set the Algorithm as the Validation Rule.
                                          D) Define a Predefined Value Characteristic for the Person entity and add the digits 0-9 as Predefined values.
                                          E) Create a validation Algorithm, define a Field on the Person table, and set the Algorithm as the Validation Rule.


                                          4. Which step type allows you to invoke another Business Process Assistant (BPA) Script and assumes the original Script has completed execution?

                                          A) Press a Button
                                          B) Go To Step
                                          C) Invoke Service Script
                                          D) Perform Script
                                          E) Transfer Control


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

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


                                          Solutions:

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

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