PDF Version DemoGetcertkey offers 1Z1-1056 exam preparation in three flexible formats: a printable PDF for study anywhere, a desktop test engine for realistic offline practice, and an online test engine that runs in any browser. However you prefer to prepare, the Oracle Financials Cloud: Receivables 2019 Implementation Essentials material fits your routine.
Oracle 1Z1-1056 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056 |
| Exam Format: | Multiple Select, Multiple Choice |
| Certificate Validity Period: | Does not expire |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Fusion Cloud Financials Receivables Implementation Professional Oracle Financials Cloud Implementation Specialist |
| Passing Score: | 68% |
| Real Exam Qty: | 55-60 |
| Available Languages: | Spanish, Japanese, French, English, German, Brazilian Portuguese |
| Exam Price: | USD $245 |
| Recommended Training: | Oracle University Learning Subscription Oracle Financials Cloud: Implement Receivables Credit to Cash |
| Exam Registration: | Oracle Education Registration Pearson VUE Scheduling |
| 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 |
|---|---|---|
| Topic 1: Collections and Credit Management | 15% | - Manage delinquencies and disputes - Configure Advanced Collections - Set up collection strategies and scoring - Define credit limits and review processes |
| Topic 2: Reporting and Period Close | 10% | - Analyze Receivables balances and aging - Perform Receivables to Ledger reconciliation - Manage accounting periods and close process - Generate OTBI and BIP reports |
| Topic 3: Receipts and Cash Management | 25% | - Reconcile receipts to ledgers - Process receipt exceptions and corrections - Configure Lockbox and Automatic Receipts - Create and apply customer receipts - Manage bills receivable and remittances |
| Topic 4: General Receivables Setup | 25% | - Define system options and common configurations - Configure reference data sets and calendars - Manage customer accounts and import processes - Configure Receivables using Rapid Implementation - Set up transaction taxes and subledger accounting |
| Topic 5: Billing and Revenue Management | 25% | - Manage balance forward and recurring billing - Process invoices, credit memos, and adjustments - Set up revenue recognition rules - Configure AutoInvoice and AutoAccounting - Define transaction types and sources |
Common Questions About the Oracle 1Z1-1056 Exam
What is the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam all about?
The 1Z1-1056 exam is the official Oracle exam behind the Oracle Financials Cloud: Receivables 2019 Certified Implementation Specialist certification, validating the skills measured by the Oracle Financials Cloud: Receivables 2019 Implementation Essentials credential. It sits at the Specialist level of the Oracle certification program. It also connects to Oracle Financials Cloud Implementation Specialist, Oracle Fusion Cloud Financials Receivables Implementation Professional, so the knowledge you build here carries over to those tracks as well.
How many questions are on the 1Z1-1056 exam, and how much time do I get?
The 1Z1-1056 exam contains 55-60 questions to be completed within 90 minutes. Before exam day, divide the available time by the question count to work out a comfortable per-question pace, and mark any item that eats into it so you can return later instead of getting stuck. Timed sessions in the Getcertkey test engines make that pacing automatic — run at least two full-length mock exams under the clock so time pressure never becomes the reason you drop points.
What score do I need to pass the 1Z1-1056 exam, and what does it cost?
The passing score for the 1Z1-1056 exam is 68%, and the official registration fee is USD $245. Retakes are not discounted — every new attempt means paying the full fee again — so it pays to measure yourself before you book. Work through the 110 practice questions on Getcertkey, sit a timed practice test, and schedule your exam only when your scores are consistently comfortable. That simple habit is the cheapest exam strategy there is.
Are there any prerequisites for the 1Z1-1056 exam?
No formal prerequisites; recommended 6+ months hands-on implementation experience with Oracle Financials Cloud Requirements can change when Oracle revises its certification program, so confirm the current eligibility rules on the official exam page before you register.
How do I register for the 1Z1-1056 exam?
You can book the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam through the official registration channels below:
As for delivery, the exam is offered in the following format: Online proctored or onsite at Pearson VUE test centers. Choose the option that suits you best when you book your seat.
What official training is recommended for the 1Z1-1056 exam?
Oracle recommends the following training resources for the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam:
- Oracle Financials Cloud: Implement Receivables Credit to Cash
- Oracle University Learning Subscription
Official courses build the foundation; the 110 practice questions from Getcertkey then show you how that knowledge is examined, so the two work best together.
Can I try the 1Z1-1056 practice questions before I buy?
Yes. Getcertkey provides a free 1Z1-1056 PDF demo so you can review the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates — if Oracle revises the exam during that period, the updated material reaches you at no cost. Once the free-update year ends, you can extend your update service at a 50% discount.
What if I fail the 1Z1-1056 exam, and how is my order delivered?
Every Oracle Financials Cloud: Receivables 2019 Implementation Essentials purchase on Getcertkey is covered by a 100% money-back guarantee with clear conditions: if you take the corresponding exam within 60 days of your purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip and your official score report as a PDF within two days of the exam date; claims are processed within seven days of submission. The guarantee does not apply to exams taken within three days of purchase, to material that was downloaded but never used in an exam attempt, or to free products and expired orders, and the candidate name must match the payer name. If you would rather not take a refund, you can instead exchange your purchase for two free exam preparation products of equal value and keep the update service on your original product.
Delivery is instant: your download is sent to your email within one minute of payment, with no limit on how many computers you may install the material on. If nothing arrives within two hours, check your spam folder and contact customer service for help.
What topics are covered in the 1Z1-1056 exam?
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam blueprint is organized into 5 domains. The first three are:
- Collections and Credit Management — 15% of the exam
- Billing and Revenue Management — 25% of the exam
- Reporting and Period Close — 10% of the exam
For the complete domain-by-domain breakdown, scroll up to the full exam topics outline above and use it to plan how you distribute your study time.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:
Question 1
Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?
A. The program allows table hierarchies for customer bank accounts, but not for other customer information.
B. The program allows the use of parent, child, and grandchild table hierarchies, but it requires multiple Customer Master records for each customer within the hierarchy.
C. The use of parent, child, and grandchild table hierarchies is allowed only in Accounts Payable, not Accounts Receivable.
D. Yes; the program specifically prohibits parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
E. No; the program contains parent, child, and grandchild table hierarchies to represent the hierarchy of data in the customer information.
Question 2
What information does the Collector see in the Activities List area of the Collections Dashboard?
A. tasks assigned to the Collector, such as follow-up calls
B. summary of aged transactions
C. status of processing activities from the Process Monitor
D. customer's profile for each assigned customer
E. customer search as per the parameter specified
Question 3
Identify two late charge interest calculation methods. (Choose two.)
A. Average Daily Balance
B. Overdue Transactions only
C. Previous Balance
D. Adjusted Balance
Question 4
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
A. Unapplied Receipts
B. Receipt Batches
C. Unidentified Receipts
D. Lockbox Exceptions
E. Unapplied Credits
Question 5
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
A. limiting write-offs by a percentage of the original receipt amount
B. scheduling periodic write-offs to occur in future periods
C. creating write-offs for specific currencies and customers
D. scheduling periodic write-offs as receipt adjustments for small remaining balances
E. scheduling periodic write-offs as receipt adjustments for old remaining balances
Solutions:
| Question 1 Answer: D | Question 2 Answer: A | Question 3 Answer: A,B | Question 4 Answer: C | Question 5 Answer: A,C,D |
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