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Oracle 1Z1-1056 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056-19 |
| Passing Score: | Approximately 65% (scaled score, subject to Oracle updates) |
| Exam Price: | $245 USD (may vary by region) |
| Exam Format: | Multiple Response, Scenario-based Questions, Multiple Choice |
| Related Certifications: | Oracle Financials Cloud Implementation Specialist Oracle Financials Cloud: General Ledger Implementation Essentials Oracle Financials Cloud: Payables Implementation Essentials |
| Available Languages: | Simplified Chinese, English, Japanese |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | Approximately 55–75 questions |
| Certificate Validity Period: | Typically 18–24 months or until next major product update (varies by Oracle certification policy) |
| Recommended Training: | Oracle Financials Cloud Learning Path Oracle University Financials Cloud Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored or authorized test center delivery via Pearson VUE |
| Pre Condition: | Basic knowledge of Oracle Financials Cloud concepts and accounting principles is recommended; no mandatory prerequisite exam required |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z1-1056 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Collections and Credit Management | - Collections strategies
|
| Topic 2: Receivables Setup and Configuration | - Enterprise structure and setup prerequisites
|
| Topic 3: Receipts and Cash Management | - Banking and reconciliation
|
| Topic 4: Transaction Processing | - Invoicing and billing
|
| Topic 5: Reporting and Integration | - Integration with other modules
|
Oracle Financials Cloud: Receivables 2019 Implementation Essentials: Frequently Asked Questions
The 1Z1-1056 exam leads to the Oracle Financials Cloud: Receivables Implementation Specialist certification from Oracle. It is positioned at the Professional level. The exam validates the knowledge and skills expected of candidates preparing for Oracle Financials Cloud: Receivables 2019 Implementation Essentials.
Related certifications include:
- Oracle Financials Cloud Implementation Specialist
- Oracle Financials Cloud: General Ledger Implementation Essentials
- Oracle Financials Cloud: Payables Implementation Essentials
The 1Z1-1056 exam includes Approximately 55–75 questions questions and allows 120 minutes. Before test day, divide the available time by the number of questions in a timed practice set to establish a steady per-question pace. If a difficult item starts consuming too much time, mark it for review and move forward instead of losing momentum. A full timed practice session can help you decide when to move on, when to return, and how much buffer to reserve for a final check.
The passing score for 1Z1-1056 is Approximately 65% (scaled score, subject to Oracle updates), and the official exam fee is $245 USD (may vary by region). Because a retake requires paying the exam fee again, use timed practice results as a readiness check before scheduling your next attempt. If your performance remains inconsistent, continue reviewing weak domains and repeat a timed session before booking the exam.
Basic knowledge of Oracle Financials Cloud concepts and accounting principles is recommended; no mandatory prerequisite exam required
Eligibility rules can change, so confirm the current requirements on the official exam page before registering.
You can register through the official channels listed below:
The available exam delivery method is Online proctored or authorized test center delivery via Pearson VUE.
The official training options include:
After reviewing the recommended training, reinforce what you learned with Lead2Passed's 110 practice questions for 1Z1-1056.
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The current 1Z1-1056 outline is organized into 5 top-level domains. The first listed areas include:
- Receivables Setup and Configuration
- Transaction Processing
- Receipts and Cash Management
Review the Exam Topics section above for the complete outline and any nested subtopics.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?
- A. customer contact information
- B. user application privileges
- C. the employees who are involved with the collections process and how the collectors will be assigned
- D. system privileges
- E. scheduled processes
Correct Answer: C 🗳️
There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?
- A. Disable Send Dunning Letter on the Correspondence tab.
- B. Disable Send Dunning Letter in Transaction Source Type.
- C. Disable Send Dunning Letter in Collections Preferences.
- D. Disable Send Dunning Letter on the Profile tab.
- E. Disable Send Dunning Letter in Transaction Type.
Correct Answer: D 🗳️
Which three actions can be performed in the Collections Work Area, which will have an impact on the collection process?
- A. Adding new customer contacts in the Contacts tab.
- B. Applying a customer payment in the Aging Tab.
- C. Processing a payment promise in the Transactions Tab.
- D. Changing the collector in the Profile Tab.
- E. Creating a credit memo in the Transactions Tab.
Correct Answer: A,C,D 🗳️
Which three transaction types are used to generate late charges? (Choose three.)
- A. Credit Memo
- B. Adjustments against the original transaction
- C. Debit Memo
- D. Interest Invoice
- E. Cash Receipts
Correct Answer: A,B,D 🗳️
Explanation: Only visible for Lead2Passed members. You can sign-up / login (it's free).
The Billing Manager has navigated to the Billing Work Area to review incomplete transactions.
Which link on the Incomplete Infotile will provide detailed information on the most recent incomplete transactions?
- A. 0-10 Days Link
- B. 20+ Days Link
- C. 10+Days Link
- D. 0-5 Days Link
Correct Answer: A 🗳️
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