100% Money Back Guarantee
Fast2test has an unprecedented 99.6% first time pass rate among our customers.
We're so confident of our products that we provide no hassle product exchange.
- Best 1Z1-1056 exam practice materials
- Three formats are optional
- 10 years of excellence
- 365 Days Free Updates
- Learn anywhere, anytime
- 100% Safe shopping experience
Whether you study best on paper or on screen, Fast2test has a Oracle Financials Cloud: Receivables 2019 Implementation Essentials format that fits: a printable PDF, a desktop test engine for Windows, and an online test engine that runs in any browser. All three cover the same 110 1Z1-1056 practice questions.
Oracle 1Z1-1056 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056 |
| Certificate Validity Period: | Does not expire |
| Related Certifications: | Oracle Financials Cloud Implementation Specialist Oracle Fusion Cloud Financials Receivables Implementation Professional |
| Real Exam Qty: | 55-60 |
| Exam Price: | USD $245 |
| Available Languages: | Japanese, French, English, German, Brazilian Portuguese, Spanish |
| Passing Score: | 68% |
| Exam Format: | Multiple Choice, Multiple Select |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle University Learning Subscription Oracle Financials Cloud: Implement Receivables Credit to Cash |
| Exam Registration: | Pearson VUE Scheduling Oracle Education Registration |
| Sample Questions: | Oracle 1Z1-1056 Sample Questions |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; recommended 6+ months hands-on implementation experience with Oracle Financials Cloud |
| 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 |
|---|---|---|
| General Receivables Setup | 25% | - Set up transaction taxes and subledger accounting - Configure reference data sets and calendars - Manage customer accounts and import processes - Define system options and common configurations - Configure Receivables using Rapid Implementation |
| Collections and Credit Management | 15% | - Manage delinquencies and disputes - Define credit limits and review processes - Configure Advanced Collections - Set up collection strategies and scoring |
| Reporting and Period Close | 10% | - Generate OTBI and BIP reports - Analyze Receivables balances and aging - Manage accounting periods and close process - Perform Receivables to Ledger reconciliation |
| Receipts and Cash Management | 25% | - Reconcile receipts to ledgers - Process receipt exceptions and corrections - Create and apply customer receipts - Manage bills receivable and remittances - Configure Lockbox and Automatic Receipts |
| Billing and Revenue Management | 25% | - Manage balance forward and recurring billing - Define transaction types and sources - Process invoices, credit memos, and adjustments - Configure AutoInvoice and AutoAccounting - Set up revenue recognition rules |
Your Oracle Financials Cloud: Receivables 2019 Implementation Essentials Questions, Answered
The 1Z1-1056 exam, officially titled Oracle Financials Cloud: Receivables 2019 Implementation Essentials, is the qualifying test for the Oracle Financials Cloud: Receivables 2019 Certified Implementation Specialist certification from Oracle, a credential at the Specialist level. Passing it proves you have the skills employers look for in certified professionals, and it can also support progress toward related credentials such as Oracle Financials Cloud Implementation Specialist, Oracle Fusion Cloud Financials Receivables Implementation Professional.
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam gives you 90 minutes to work through 55-60 questions. That is a steady pace with little room for second-guessing, so train yourself to read each question once, flag the difficult ones, and keep moving. Before exam day, sit at least two full timed sessions in the Fast2test test engine — when the clock feels familiar, it stops being a threat.
You need 68% to pass, and the official registration fee is USD $245. Fall short and you pay that fee in full again for every retake, which makes solid preparation the cheaper option by far. Work through the Fast2test practice questions until you score comfortably above the passing mark, then book your seat.
No formal prerequisites; recommended 6+ months hands-on implementation experience with Oracle Financials Cloud Eligibility rules can change over time, so before you register, confirm the latest requirements on the official exam page: Oracle 1Z1-1056 exam overview.
You can book your 1Z1-1056 exam through any of these official registration channels:
The exam is delivered as Online proctored or onsite at Pearson VUE test centers, so you can pick the option that fits your schedule when you book.
Oracle recommends the following training for Oracle Financials Cloud: Receivables 2019 Implementation Essentials candidates:
- Oracle Financials Cloud: Implement Receivables Credit to Cash
- Oracle University Learning Subscription
Pair that training with the 110 practice questions from Fast2test and you can check your readiness topic by topic before exam day.
Yes. Fast2test offers a free PDF demo for the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam so you can judge the quality of our questions and answers before paying anything. Every purchase also comes with 365 days of free updates, and once that period expires you can extend your update service at a 50% discount.
Your purchase is protected by a 100% money-back guarantee. If you sit the corresponding 1Z1-1056 exam within 60 days of buying and do not pass, send us a scan of your exam enrollment slip together with your official Score Report (PDF) within 2 days of the exam date — the candidate name must match the payer's name — and we will process your full refund within 7 days. Please note that exams taken within 3 days of purchase, materials downloaded without ever sitting the exam, free products, and expired orders are not covered. If you would rather not have a refund, you can exchange your order for two exam products of equal value, free of charge, and keep the update service on your original purchase.
Delivery is instant: your files are emailed to you within one minute of payment and can also be downloaded directly, with no limit on the number of computers you install them on. If nothing has arrived within 2 hours, contact our customer service team and we will sort it out.
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials syllabus is organized into 5 domains. The main areas include Reporting and Period Close (10%), Collections and Credit Management (15%), and Receipts and Cash Management (25%). Scroll up to the Exam Topics section above for the complete, current outline before you plan your study schedule.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:
Question 1
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?
A. Forwarded for Approval
B. Approval Required
C. Pending Approval
D. Pending Research
Question 2
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
A. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
B. by defining an exclusion rule to exclude customer classes that are "Retail"
C. by defining a grouping rule on the customer class
D. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
E. by defining an item group and assigning that to the rule
Question 3
Which two are Late Charge Calculation Methods?
A. Overdue Invoices Only
B. Adjustment
C. Credit Items and Disputed Transactions
D. Late Payments Only
Question 4
Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?
A. Supporting References
B. Mapping Set
C. Description Rule
D. Transaction References
Question 5
How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?
A. A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
B. The strategy can be modified from the Manage Customers page.
C. Only a Collections Administrator can modify the strategy.
D. The Collector can modify the strategy from the Profile > Strategies tab.
Solutions:
| Question 1 Answer: C | Question 2 Answer: D | Question 3 Answer: A,D | Question 4 Answer: A | Question 5 Answer: A |
1050 Customer ReviewsCustomers Feedback (* Some similar or old comments have been hidden.)
If I do so, I also have passed this 1Z1-1056 exam in first attempt like my other colleagues.
I and my friend wrote 1Z1-1056 today and passed the exam. We are so happy to pass it. Thanks!
1Z1-1056 exam braindump helped me the most for i really didn't have time to study the books. I relied on it and got passed. Thank you!
I suggest everyone buy the Fast2test pdf bundle with practise exam. It further increases your chances of scoring well in the exam. I passed the 1Z1-1056 exam with 91% marks today.
Nobody was ready to believe that I could pass a 1Z1-1056 certification exam especially when I had started doing a job.
Passed 1Z1-1056 exam with 973/1000 in England. Thank you for providing so valid and helpful 1Z1-1056 exam questions!
This 1Z1-1056 braindump contains latest questions and answers from the real 1Z1-1056 exam. These questions and answers are verified by a team of professionals, it have helped me pass my exam with minimal effort.
Valid dumps for the certified 1Z1-1056 exam by Fast2test. I suggest these to everyone. Quite informative and similar to the real exam. Thank you Fast2test.
If you are using Fast2test 1Z1-1056 real exam questions and answers than you need nothing to pass this exam apart from learning the stuff by heart before sitting for it. Marks 91%
I want the latest 1Z1-1056 exam questions! And i found them on your website-Fast2test. These 1Z1-1056 exam questions guided me to pass the exam. Thank you!
You can trust these 1Z1-1056 exam questions. I just received my certification for it. It is easy for you to pass as long as you follow them. Recommend!
I passed the 1Z1-1056 exam last week using 1Z1-1056 exam materials. most of questions came for that dump, so i could pass for sure! Thank you gays!
The breaking news of the moment is that I just passed 1Z1-1056 Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam. My score line showed me the highest level I could achieve and I am passed
It was not an easy task without Fast2test to maintain such a high level of IT certification and passing 1Z1-1056 exam with 85% marks. Thank you!
Thanks for producing such an incredible exam tool.
If you are worried about your 1Z1-1056 certification exam, I suggest that you can use the exam dumps on Fast2test. They are truly high-effective!
Instant Download 1Z1-1056
After Payment, our system will send you the products you purchase in mailbox in a minute after payment. If not received within 2 hours, please contact us.
365 Days Free Updates
Free update is available within 365 days after your purchase. After 365 days, you will get 50% discounts for updating.
Money Back Guarantee
Full refund if you fail the corresponding exam in 60 days after purchasing. And Free get any another product.
Security & Privacy
We respect customer privacy. We use McAfee's security service to provide you with utmost security for your personal information & peace of mind.
Related Exams
Contact Us
If you have any question please leave me your email address, we will reply and send email to you in 12 hours.
Our Working Time: ( GMT 0:00-15:00 ) From Monday to Saturday
Support: Contact now


