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Oracle 1z0-322 Exam Syllabus Topics:

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

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          Question 1

                                          Which three options are possible causes for a user not being able to add a Characteristic of a given Characteristic Type against an Account?

                                          A. The Characteristic Type is not enabled for the Account's Customer Class.
                                          B. The value entered for the Characteristic Type doesn't meet the validation rules.
                                          C. The Characteristic Type is not enabled for the Account Entity.
                                          D. The Characteristic Type is not enabled for the Account Entity for the Account's Division.
                                          E. The Characteristic Type is not enabled for the Account's Division.


                                          Question 2

                                          What can cause a Bill Segment to have multiple Bill Calculation Headers?

                                          A. Multiple Contrasts being covered by a Bill Segment
                                          B. Proration at Bill Factor level
                                          C. Multiple Rate Versions
                                          D. Proration at Rate Component Level
                                          E. Multiple Billable Charges associated to one Contract


                                          Question 3

                                          Which option describes the steps required to ensure a characteristic is provided when a case is first saved, whether it is created manually or by a script?

                                          A. Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the Default flag for the characteristic and a Default Value.
                                          B. Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the RequiredFlag to true on the Initial State of the Lifecycle.
                                          C. Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the RequiredFlag to true, add a Default Value for the characteristic.
                                          D. Create a Characteristic Type for the Case entity, add the characteristic as a Case Type characteristic, set the Default flag for the characteristic.


                                          Question 4

                                          What is the correct hierarchy for background processing entities?

                                          A. Batch Code, Thread, Batch Run, Execution Instance, Batch Message
                                          B. Batch Control, Batch Run, Thread, Execution Instance, Batch Message
                                          C. Batch Run, Batch Code, Execution Instance, Batch Message, Thread
                                          D. Batch Code, Execution Instance, Batch Run, Thread, Batch Message
                                          E. Batch Run, Batch Code, Batch Message, Execution Instance, Thread


                                          Question 5

                                          How do you set up a customer in ORMB?

                                          A. Create a Billable Charge.
                                          B. Create a Person.
                                          C. Create a Person and an Account.
                                          D. Create a Contract.
                                          E. Create an Account.


                                          Solutions:

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

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