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Oracle 1Z1-1056 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056 |
| Related Certifications: | Oracle Financials Cloud Receivables 2019 Certified Implementation Specialist |
| Exam Price: | USD 245 |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Passing Score: | 62% |
| Exam Format: | Multiple Choice |
| Sample Questions: |  |
| Exam Way: | Pearson VUE testing center or Oracle online proctored exam delivery. |
| Pre Condition: | Oracle recommends knowledge of Oracle Financials Cloud and implementation experience. No mandatory prerequisite exam required. |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2019-implementation-essentials/pexam_1Z0-1056 |
Oracle 1Z1-1056 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Receivables Configuration | 30% | - Implement receivables setup
|
| Period Close and Reporting | 20% | - Perform close and reporting activities
|
| Transactions Processing | 20% | - Manage receivables transactions
|
| Receipts and Collections | 20% | - Manage receipt lifecycle
|
| Enterprise Structure and Financial Setup | 10% | - Configure enterprise structures
|
Everything About Oracle Financials Cloud: Receivables 2019 Implementation Essentials, Asked and Answered
Oracle Financials Cloud: Receivables 2019 Implementation Essentials is an official Oracle certification exam, listed under the code 1Z1-1056. Passing it earns you the Oracle Financials Cloud certification, positioned at the Professional level. It also connects to Oracle Financials Cloud Receivables 2019 Certified Implementation Specialist. For anyone aiming at a leadership track in IT, this credential is one of the clearest markers of verified skill.
Passing Oracle Financials Cloud: Receivables 2019 Implementation Essentials takes 62%, and the official registration fee is USD 245. Retakes charge the full USD 245 again, which is why accuracy in preparation matters more than volume. Validate your readiness with repeated TestPassed practice scores above the requirement before committing to a date.
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam contains 60 questions to answer within 120 minutes. The SOFT engine from TestPassed imitates the real test scene on your computer and uses special methods to help you master questions and answers, so the official time limit becomes a practiced routine rather than a surprise.
Oracle recommends knowledge of Oracle Financials Cloud and implementation experience. No mandatory prerequisite exam required.
Vendor requirements are revised periodically, so confirm the current conditions before registering via the official exam page.
Three versions share the same verified content: the PDF prints unlimited copies for paper study, the SOFT engine imitates the real test scene on Windows PCs, and the APP version runs on all electronic products, which is why the majority of examinees choose it. A free demo lets you try before deciding, and after purchase updates are free for 365 days, extendable afterward at a 50% discount.
Worry-free shopping means a 100% money-back guarantee with stated conditions. Take the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. Alternatively, exchange for two other exam products of equal value, free, keeping the update service on your original purchase.
Delivery is immediate: files unlock for download at payment and are emailed to you within one minute. If nothing arrives within 2 hours, check spam and contact our 7/24 customer attendants, who reply within two hours. Installation is unlimited, and credit card payment keeps your money safe.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials is structured into 5 official domains. The leading ones are Receivables Configuration (30%), Transactions Processing (20%), and Enterprise Structure and Financial Setup (10%). The full topic breakdown appears above; accurate preparation starts with an accurate map.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:
A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist's approval limits.
What would be the result?
- A. The program creates the adjustments with a status of Rejected for the amount that exceeds the Billing Specialist's approval limits.
- B. The program creates the adjustments with a status of Pending Approval for the amount that exceeds the Billing Specialist's approval limits.
- C. The program can be run only if the amount is within the Billing Specialist's approval limits.
- D. The program creates the adjustments only for the amounts within the Billing Specialist's approval limits.
Correct Answer: B 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
Identify three activities that you can perform from the Collections Dashboard. (Choose three.)
- A. Update the work status of a work item for a delinquent customer.
- B. Assign a Collector to a delinquent customer.
- C. View the Total Amount Due for delinquent customers.
- D. Verify Customer Payments.
- E. Record an activity to create a task or tasks to follow up on a delinquent customer.
Correct Answer: A,B,E 🗳️
Which two determinant types are used in reference data assignment? (Choose two.)
- A. Account Segment
- B. Business Unit
- C. Project unit
- D. Project Segment
Correct Answer: B,C 🗳️
When discussing the Receivables to Ledger Reconciliation Report with your customer, you are asked a number of questions about how to run the report.
Which statement is true?
- A. You can select only a Closed accounting period.
- B. You cannot exclude on-account activities, unapplied receipts, and unidentified receipts.
- C. You can include or exclude intercompany transactions, or you can reconcile by intercompany activity only.
- D. You can exclude unidentified receipts, but you cannot exclude on-account activities and unapplied receipts.
Correct Answer: C 🗳️
Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method.
How will you correct the error?
- A. by importing the correct data by using a new spreadsheet upload
- B. by using the correct Customer Data spreadsheet
- C. by using the Customer Import Interface work area
- D. by using the correct Customer Payment Method spreadsheet
Correct Answer: D 🗳️
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