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Oracle 1z1-322 Exam Syllabus Topics:

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

                                          Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

                                          1. The types of debt handling supported in ORMB are _____________.

                                          A) Open Item and Current Item
                                          B) FIFO and Balance Forward
                                          C) Open Item and Balance Forward
                                          D) Balance Forward only
                                          E) Open Item and Pay-It-Forward


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


                                          3. Which mapping rule saves a user from mapping data again when multiple elements reside on the same row?

                                          A) MapRow
                                          B) RowChild
                                          C) RowRef
                                          D) RowElement
                                          E) RowField


                                          4. What is specifically needed to turn an Adjustment into a Transfer Adjustment?

                                          A) the Generate Adjustment algorithm allows for it and the user populates the Transfer Adjustment tab
                                          B) the Adjustment Type needs two Distribution Codes
                                          C) the Generate Adjustment algorithm allows for it
                                          D) the Approval Profile has a debit and credit hierarchy
                                          E) the user populates the Transfer Adjustment tab


                                          5. Which status does not allow a bundle to be reopened?

                                          A) Cancelled
                                          B) Pending
                                          C) Bundled
                                          D) Applied


                                          Solutions:

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

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