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Failing the 1Z1-1056 means paying the registration fee all over again, plus weeks of lost momentum. The Oracle Financials Cloud: Receivables 2019 Implementation Essentials practice material from 2Pass4sure is built to help you succeed on the first attempt, with 110 questions that mirror the scope of the official syllabus.
Oracle 1Z1-1056 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056 |
| Available Languages: | French, German, Spanish, Brazilian Portuguese, Japanese, English |
| Exam Format: | Multiple Choice, Multiple Select |
| Passing Score: | 68% |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Fusion Cloud Financials Receivables Implementation Professional Oracle Financials Cloud Implementation Specialist |
| Exam Price: | USD $245 |
| Certificate Validity Period: | Does not expire |
| Real Exam Qty: | 55-60 |
| Recommended Training: | Oracle University Learning Subscription Oracle Financials Cloud: Implement Receivables Credit to Cash |
| Exam Registration: | Oracle Education Registration Pearson VUE Scheduling |
| Sample Questions: | DOWNLOAD DEMO |
| 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: General Receivables Setup | 25% | - Configure reference data sets and calendars - Set up transaction taxes and subledger accounting - Manage customer accounts and import processes - Define system options and common configurations - Configure Receivables using Rapid Implementation |
| Topic 2: Billing and Revenue Management | 25% | - Configure AutoInvoice and AutoAccounting - Define transaction types and sources - Set up revenue recognition rules - Manage balance forward and recurring billing - Process invoices, credit memos, and adjustments |
| Topic 3: Collections and Credit Management | 15% | - Manage delinquencies and disputes - Set up collection strategies and scoring - Define credit limits and review processes - Configure Advanced Collections |
| Topic 4: Receipts and Cash Management | 25% | - Create and apply customer receipts - Process receipt exceptions and corrections - Reconcile receipts to ledgers - Manage bills receivable and remittances - Configure Lockbox and Automatic Receipts |
| Topic 5: 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 |
1Z1-1056 Exam FAQ: What Candidates Ask Most
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials (exam code 1Z1-1056) is the exam you pass to earn the Oracle Financials Cloud: Receivables 2019 Certified Implementation Specialist certification, a credential at the Specialist level. It is also connected with related credentials such as Oracle Financials Cloud Implementation Specialist, Oracle Fusion Cloud Financials Receivables Implementation Professional. If you are mapping out a certification path with Oracle, this exam is a milestone worth planning around.
The 1Z1-1056 exam includes 55-60 questions, and you have 90 minutes to complete them. With that many questions on the clock, pacing is part of the challenge: divide your time into rough blocks as you go, and flag the items that stall you so you can circle back at the end instead of burning minutes on a single question. A week or two before your exam date, sit at least one full timed session in the 2Pass4sure test engine under the same time limit, so the pace feels familiar rather than frantic on the day.
You need 68% to pass the 1Z1-1056 exam, and the official registration fee is USD $245. That fee is due again in full for every retake, which makes thorough preparation the cheaper investment by far. Before you book your seat, test yourself with the 2Pass4sure practice questions until you are scoring comfortably above the passing mark on a consistent basis — it is the simplest way to avoid paying for the same exam twice.
No formal prerequisites; recommended 6+ months hands-on implementation experience with Oracle Financials Cloud
Eligibility rules can be adjusted by Oracle over time, so before you register, confirm the current requirements on the official exam page: view the official 1Z1-1056 exam information.
You can book the 1Z1-1056 exam through the official registration channels below:
How the exam is taken: Online proctored or onsite at Pearson VUE test centers.
Oracle lists the following official training options for candidates preparing for this exam:
- Oracle Financials Cloud: Implement Receivables Credit to Cash
- Oracle University Learning Subscription
Once you have worked through the training, measure your readiness with the 110 practice questions from 2Pass4sure — they show you exactly which topics still need attention before you book the exam.
Yes. 2Pass4sure offers a free PDF demo of the 1Z1-1056 practice questions, so you can judge the quality of the material firsthand before paying anything. Every purchase also includes 365 days of free updates — if Oracle changes the exam during that year, your material changes with it. And when the free update period expires, you can extend it at a 50% discount from within your member zone.
Every 1Z1-1056 purchase at 2Pass4sure is backed by a 100% Money Back Guarantee: if you take the corresponding exam within 60 days of your purchase and do not pass, you can apply for a full refund. The guarantee has clear conditions — it does not apply if you sit the exam within 3 days of purchase, if you downloaded the material but never actually took the exam, or to free materials and expired orders, and the candidate name must match the payer name. To file a claim, send a scan of your exam enrollment slip together with your official Score Report PDF within 2 days of the exam; claims are processed within 7 days. If you would rather not take a refund, you can exchange the product instead and receive two additional exam preparation products of equal value for free, while your original product keeps its update service. Delivery itself is instant: your material is available for download right after payment and is also sent to your email within one minute — if it has not arrived within 2 hours, contact our customer service. There is no limit on how many computers you can install it on.
The official Oracle Financials Cloud: Receivables 2019 Implementation Essentials outline divides the exam content into 5 main domains. The first three are:
- General Receivables Setup — 25%
- Collections and Credit Management — 15%
- Reporting and Period Close — 10%
That is only the headline view — scroll back up to the Exam Topics section on this page for the complete domain-by-domain breakdown before you plan your study schedule.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:
Identify two values that default from Customer Profile Classes. (Choose two.)
- A. Statement Cycle
- B. Business Purpose
- C. Tax
- D. Payment Terms
- E. Legal Entity
A Billing Specialist has created and completed an invoice for $100 USD for Customer A.
The Specialist prints the invoice and realizes that the invoice should have been created for Customer B.
The accounting for the transaction for Customer A is posted to the General Ledger.
How can this be corrected?
- A. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
- B. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
- C. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.
- D. Change the status of the invoice to Incomplete and enter a new invoice for Customer B.
What validation step is required for implementing dispute processing?
- A. The Recognize Revenue Program is scheduled.
- B. BPM Work List for approval configuration is validated.
- C. Periods for which the transaction can be disputed are Open.
- D. All transactions are of the invoice type.
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
- A. Unapplied Credits
- B. Receipt Batches
- C. Unapplied Receipts
- D. Unidentified Receipts
- E. Lockbox Exceptions
To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.
- A. AutoMatch Rule Sets
- B. AutoCash Rules
- C. Revenue Scheduling Rules
- D. Aging Methods
- E. Customer Site
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