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Oracle 1z1-322 Exam Syllabus Topics:

Oracle Revenue Management and Billing 2 Implementation Essentials Sample Questions:

Question 1

Which entity defines the type of collections process to start based on age of debt, amount of debt, and type of customer?

A. Collection Process Template
B. Debt Class
C. Collection Class
D. Collection Class Control
E. Customer Class

Question 2

Which step type in Scripts allows you to enter XPath for validation or for invoking objects?

A. Go To Step
B. Invoke Business Object
C. Height Step
D. Invoke Business Service
E. Edit Data

Question 3

In what scenario is a Bill Period mode of recurrence typically used?

A. to create a Bill Segment for the whole month
B. when billing on an annual basis
C. when billing on a monthly basis
D. to create a Bill Segments with a specific end-date
E. to generate a bill on a specific date

Question 4

What happens when the source of Financial Transaction is canceled?

A. A new reversal Financial Transaction is created.
B. The source Financial Transaction is deleted and a new reversal Financial Transaction is created.
C. The source Financial Transaction is deleted.
D. The source Financial Transaction status is changed to canceled and a new reversal Financial Transaction is created.
E. The source Financial Transaction status is changed to canceled.

Question 5

Using Open Item accounting means that ________.

A. payments are matched to specific debts
B. payments are matched to the newest debt
C. payments can be split across multiple Contracts
D. the oldest debt is reduced by Payments
E. payments are held on different Accounts to debt

Solutions: