Oracle Revenue Management and Billing 2 Implementation Essentials : 1z0-322 exam

Oracle 1z0-322 Actual PDF
  • Exam Code: 1z0-322
  • Exam Name: Oracle Revenue Management and Billing 2 Implementation Essentials
  • Updated: Jun 13, 2026
  • Q & A: 79 Questions and Answers
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Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

1. 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 SegmentType and Tender Type with a Financial Algorithmwith a Payoff value of 0.
C) Create a Tender Source and Tender Type with a Financial Algorithmwith a Payoff value of 0.
D) Create a Payment Segment Type with a Financial Algorithm with a Payoffvalue of 0.
E) Create a Tender Type with a Financial Algorithmwith a Payoff value of 0.


2. Which three options describe alternatives that could be used to make it necessary for a user to enter a reason for the change before changing the status of a Business Object?

A) Define a user selectable Status Reason value for the lifecycle status.
B) Add a Status Reason characteristic type for the Business Object entity, add a Status Reason element to the BO schema, add a required ="true" attribute on the schema element.
C) Add a Transition Condition of Status Reason on the Next Status settings that refer to that status.
D) Add a Status Reason characteristic type for the Business Object entity, add a Status Reason element to the BO schema, add an Enter processing Algorithm that checks for the Status Reason.
E) Add a Status Reason characteristic type for the Business Object entity, add a Status Reason element to the BO schema, add a Required Element option referring to the element on the lifecycle status.


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

A) 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.
B) 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.
C) Only the latest Bill produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
D) All Bills produced for this Account after its Start Date in the Statement Detail will be included in the next Statement.
E) 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.


4. 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) Tender Type
B) Pay Segment Type
C) Customer Class
D) Installation Options
E) Contract Type


5. If you need to allocate the revenue from financial transactions to different general leger accounts based on the contract type, which option describes the configuration items involved?

A) Contract Type, GL Account Algorithm, and Revenue Class
B) Distribution Code, Contract Type, and Rate Component
C) Distribution Code, Contract Type, Rate Component, and Revenue Class
D) Contract Type, Rate Component, and Revenue Class


Solutions:

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

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