Oracle 1z0-996-22 - Oracle Utilities Customer Cloud Service 2022 Implementation Professional

 A bill factor is a value that is used to group bill lines for a rate component within a bill calculation header1. A bill factor can be derived from various sources, such as the usage subscription, the service agreement, the service point, the device, the measuring component, the rate schedule, the rate component, or a custom algorithm2. If the bill factor changes during the bill calculation period, the system will produce multiple bill lines for the same rate component, each with a different bill factor value1. Therefore, the correct answer is C. change in Bill Factor. References:

About Bill Factors

Configuring Bill Factors

According to the Oracle Utilities Customer Cloud Service User Guides, measuring component types define the most important properties of a measuring component, such as what it measures, how regularly it measures it, and whether it should be connected to a physical device1. Measuring component types also specify how the measuring component’s final measurements should be stored, and whether they are subtractive or consumptive1. In this case, the client needs to measure both the energy imported and exported by the customers who have solar electrical generation equipment. Therefore, the solution is to create two new measuring component types, one for subtractive import and the other for consumptive export, and link them to the same scalar device that has separate registers for both readings. This way, the measuring components can store the measurements in kWh and apply the appropriate sign to indicate the direction of the energy flow2. References:

Understanding Measuring Component Types

Measuring Components

 A usage subscription is a relationship between a service point and an external system or a service provider that defines how usage data is exchanged and processed1. A usage subscription is required before creating bill determinants, as it determines the usage calculation group, the usage transaction type, and the usage subscription quantity type that are used to derive bill determinants from usage data2. A usage subscription also specifies the usage rule that is used to request bill determinants from the external system or the service provider3. Therefore, the correct answer is C. Usage Subscription. References:

Understanding Usage Subscriptions

Creating Usage Subscriptions

Requesting Bill Determinants

In Oracle Utilities Customer Cloud Service, the logic for handling customer overpayments is contained within the Customer Class. When a customer makes a payment exceeding the amount due, the system's handling of this overpayment is governed by the settings and algorithms associated with the customer's class. This can include actions such as transferring overpayment amounts to a separate service agreement specifically for excess credits, which are then applied to future bills or other accounts as needed. The Customer Class determines how these overpayments are distributed and managed within the system【89†source】【90†source】.

References:

Oracle documentation on Over Payments: Over Payments【89†source】.

Oracle documentation on Overpayments: Overpayments【90†source】

 Specifications are sets of attributes that define the physical and functional characteristics of an asset or a component. Specifications can be used to store information such as dimensions, weight, color, model, serial number, manufacturer, and so on. Specifications can also include peer specifications, which are specifications that are related to the same asset or component, but have different purposes or scopes. For example, an asset can have a specification for its installation details, and another specification for its maintenance requirements. Peer specifications can be linked by using the peer specification type and the peer specification ID fields. The other options are not true because specifications do not include the inspection history of an asset, which is stored in the asset history business object. Specifications can apply to both assets and components, as long as they have the same specification type. A single specification can be used on multiple assets or components, as long as they have the same specification type and specification ID. References: Specifications, About Specifications, Peer Specifications

Collection Class Control is the entity that defines the type of collection process to start based on the age of debt, amount of debt, and type of customer. Collection Class Control is a set of rules that determines which collection class (i.e., the collection process template) to assign to a service agreement based on its debt characteristics and customer class1. Collection Class Control also defines the frequency and timing of the collection process assignment and the criteria for canceling a collection process1. Collection Class Control is associated with a debt class, which is a category of debt that defines how it is calculated, aged, and collected2. Collection Class Control allows you to create different collection strategies for different types of debt and customers. References: Collection Class Control, Debt Class, Oracle Utilities Customer Cloud Service - Get Started

Derived values are additional values that are calculated from the final measurement value using a derivation formula1. Derived values can be used for billing, reporting, analysis, or other purposes. Derived values are configured on the measuring component type, which defines the properties and behavior of a measuring component2. A measuring component is a part of a device that measures a service quantity, such as a register, a channel, or a sensor3. A device can have one or more measuring components of different types4. By configuring the derived values on the measuring component type, the system can apply the same derivation formula to all measuring components of that type, regardless of the device they belong to. This ensures consistency and accuracy of the derived values across devices. References:

1: About Final Measurements

2: Measuring Component Types

3: Measuring Components

4: Devices

A severance process is a collection of events that are performed to persuade a customer to pay the outstanding debt or to disconnect the service if the debt is not paid1. A severance process is linked to one and only one service agreement (SA) that has an overdue balance2. A severance process can be initiated manually or automatically based on the collection process status of the SA3. A severance process can also be linked to a reconnection process that restores the service after the debt is paid or a payment arrangement is made. References:

1: Severance Process - Severance Events

2: Designing Your Severance Procedures

3: Setting Up Severance Procedures

: Designing Your Reconnection Procedures

In Oracle Utilities Customer Cloud Service, Financial Transaction creation algorithms play a pivotal role in the financial processes. The correct answers are:

They control how the payoff balance is affected (Option A): These algorithms can determine the way in which financial transactions impact the payoff balance of a customer's account.

They control if and how the General Ledger entries are created (Option D): Financial Transaction creation algorithms can dictate the creation of General Ledger entries, which are essential for accurate financial accounting and reporting.

They control how the current balance is affected (Option E): The algorithms have a direct influence on how financial transactions impact the current balance of a customer's account.

These algorithms are vital for ensuring that financial transactions are processed correctly and reflect accurately in various financial reports and customer account balances【62†source】【63†source】【64†source】【65†source】.

References:

Oracle documentation on Financial Transaction - FT Process: Financial Transaction - FT Process【62†source】.

Oracle documentation on An Overview of the Bill Creation Process: An Overview of the Bill Creation Process【63†source】.

Oracle documentation on Algorithms: Algorithms【64†source】.

Oracle documentation on Algorithms in Customer Care and Billing Cloud Service: Algorithms【65†source】.