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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:

SectionWeightObjectives
General Receivables Setup25%- 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 Management15%- Manage delinquencies and disputes
- Define credit limits and review processes
- Configure Advanced Collections
- Set up collection strategies and scoring
Reporting and Period Close10%- Generate OTBI and BIP reports
- Analyze Receivables balances and aging
- Manage accounting periods and close process
- Perform Receivables to Ledger reconciliation
Receipts and Cash Management25%- 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 Management25%- 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:

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.

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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

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