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Oracle 1z1-322 : Oracle Revenue Management and Billing 2 Implementation Essentials

1z1-322

Exam Code: 1z1-322

Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials

Updated: Aug 22, 2026

Q & A: 79 Questions and Answers

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Oracle 1z1-322 Exam Syllabus Topics:

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

Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. In addition to the base package tables/fields, which two options may be used to store additional attributes that may not fit into the base package tables/fields without introducing database changes?

A) Custom child table(s) linked to base package parent tables
B) Character Large Object (CLOB)
C) Characteristics
D) Custom fields on base package tables
E) Basic Large Object (BLOB)


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) Pay Segment Type
D) Customer Class
E) Tender Type


3. When does the system check a user's access rights when one Business Object invokes another Business Object?

A) Access Rights are checked only for the initial Business Object that is invoked.
B) Access Rights are checked only for the final Business Object that is invoked.
C) Access Rights are checked for boththe initial andthe final Business Objects that are invoked.
D) Access Rights are never checked for Business Objects, only Maintenance Objects.
E) Access Rights are optional.


4. In an implementation of ORMB, which option indicates the architecture tier where the business rules reside?

A) Application Server
B) Database
C) Web Server
D) User Interface Tier
E) Web and Application Server


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 Payment Segment Type with a Financial Algorithm with a Payoffvalue of 0.
B) Create a Tender Source and Tender Type with a Financial Algorithmwith a Payoff value of 0.
C) Create a Tender Source with a Financial Algorithm with a Payoffvalue 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,E
Question # 2
Answer: C
Question # 3
Answer: A
Question # 4
Answer: E
Question # 5
Answer: B

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