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To sit for the Oracle 1Z1-1056 exam, it is recommended that candidates have previous experience working with Oracle Financials Cloud Receivables. Once the exam is complete, exam takers will be required to present evidence of their work experience in Oracle Financials Cloud Receivables.
The Oracle 1Z1-1056 exam is meant for professionals related to companies who want to be certified in Oracle Financials Cloud Receivables 2019 implementation as an authorized implementation specialist. Such professionals have an in-depth understanding of the product's functionality, the deployment options available for cloud services, customer management, and many other customizations required for optimal usage of the product. Passing 1Z1-1056 exam will improve job prospects, increase your technical knowledge and provide additional credentials when handling a project concerning Oracle Financials Cloud Receivables 2019.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials certification exam covers a wide range of topics, including managing customers and customer accounts, managing invoices, managing credit memos and transactions, managing receipts and revenue, managing disputes and collections, managing revenue recognition, managing payments, and managing receivables period close.
Oracle 1Z1-1056 exam is a comprehensive exam that covers a wide range of topics, including the configuration of receipt classes, the setup of remittance formats, and the definition and management of customers and transactions. 1Z1-1056 exam also includes questions on the use of various features and tools such as the Receivables Dashboard, Receivables Work Area, and Receivables Smartview. Successful candidates will be able to use these tools effectively to manage financial transactions and provide excellent support for clients.
Oracle 1Z1-1056 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056 |
| Real Exam Qty: | 55-60 |
| Certificate Validity Period: | Does not expire |
| Exam Format: | Multiple Select, Multiple Choice |
| Related Certifications: | Oracle Financials Cloud Implementation Specialist Oracle Fusion Cloud Financials Receivables Implementation Professional |
| Exam Price: | USD $245 |
| Passing Score: | 68% |
| Available Languages: | French, Japanese, English, German, Brazilian Portuguese, Spanish |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Financials Cloud: Implement Receivables Credit to Cash Oracle University Learning Subscription |
| 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 |
|---|---|---|
| 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% | - Analyze Receivables balances and aging - Perform Receivables to Ledger reconciliation - Manage accounting periods and close process - Generate OTBI and BIP reports |
| Billing and Revenue Management | 25% | - Define transaction types and sources - Manage balance forward and recurring billing - Process invoices, credit memos, and adjustments - Configure AutoInvoice and AutoAccounting - Set up revenue recognition rules |
| Receipts and Cash Management | 25% | - Process receipt exceptions and corrections - Reconcile receipts to ledgers - Create and apply customer receipts - Configure Lockbox and Automatic Receipts - Manage bills receivable and remittances |
| General Receivables Setup | 25% | - Define system options and common configurations - Set up transaction taxes and subledger accounting - Configure Receivables using Rapid Implementation - Manage customer accounts and import processes - Configure reference data sets and calendars |
By Osborn
