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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056 |
| Exam Price: | USD 245 |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Passing Score: | 62% |
| Real Exam Qty: | 60 |
| Related Certifications: | Oracle Financials Cloud Receivables 2019 Certified Implementation Specialist |
| Exam Format: | Multiple Choice |
| Sample Questions: | ![]() |
| Exam Way: | Pearson VUE testing center or Oracle online proctored exam delivery. |
| Pre Condition: | Oracle recommends knowledge of Oracle Financials Cloud and implementation experience. No mandatory prerequisite exam required. |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2019-implementation-essentials/pexam_1Z0-1056 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Transactions Processing | 20% | - Manage receivables transactions
|
| Topic 2: Enterprise Structure and Financial Setup | 10% | - Configure enterprise structures
|
| Topic 3: Receipts and Collections | 20% | - Manage receipt lifecycle
|
| Topic 4: Receivables Configuration | 30% | - Implement receivables setup
|
| Topic 5: Period Close and Reporting | 20% | - Perform close and reporting activities
|
Oracle Financials Cloud: Receivables 2019 Implementation Essentials is an official Oracle exam, catalogued under the code 1Z1-1056. A pass awards you the Oracle Financials Cloud certification at the Professional level. It also supports progress toward Oracle Financials Cloud Receivables 2019 Certified Implementation Specialist. Demand for this credential has stayed strong because it validates skills employers can use from day one.
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam packs 60 questions into 120 minutes. Candidates rarely fail because of one impossible topic; they fail because ten minutes vanished on three stubborn questions. Build a triage habit now: answer, flag, move on, return later. Timed full-length sessions in the ValidDumps test engine are the most honest way to practice that discipline before it counts.
You pass Oracle Financials Cloud: Receivables 2019 Implementation Essentials at 62%, and the official registration fee stands at USD 245. One detail worth internalizing: there is no retake discount, so a second sitting costs another full USD 245. Use the ValidDumps practice tests as your gauge and book only when your results clear the requirement with a repeatable margin, not a one-off peak.
Oracle recommends knowledge of Oracle Financials Cloud and implementation experience. No mandatory prerequisite exam required.
Vendor policies shift over time, so confirm the current entry conditions before paying any registration fee; the official exam page is the authoritative source.
Yes. A free demo of the Oracle Financials Cloud: Receivables 2019 Implementation Essentials material is available on this page, so you can verify the quality of the questions and the expert-edited answers yourself. Once you purchase, updates are free for 365 days and the newest version is emailed to you automatically as it releases; after expiry, extending the update service costs 50% of the regular price.
A 100% money-back guarantee covers your purchase under defined conditions. If you take the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam within 60 days of buying and fail, you can claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders, and the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, you may exchange rather than refund: two other exam products of equal value, free, with the update service on your original purchase kept intact.
Delivery is instant: files unlock for download upon successful payment and are automatically emailed to you within one minute. If nothing arrives within 2 hours, check spam and contact us by email or online service. Installation is unlimited across your computers.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials spans 5 official domains. The most heavily weighted include Period Close and Reporting (20%), Transactions Processing (20%), and Receivables Configuration (30%). The full topic list is published above on this page; let the weightings decide where your next study hour goes.
One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?
Correct Answer: A 🗳️
Company ABC wants their logo displayed in all customer invoices. How do you meet this business requirement?
Correct Answer: B 🗳️
Which setup is required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices?
Correct Answer: A 🗳️
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?
Correct Answer: B 🗳️
A Billing Specialist runs the Create Automatic Billing Adjustments program to automatically adjust the remaining balance on open invoices, but some of the amounts have exceeded the Billing Specialist's approval limits.
What would be the result?
Correct Answer: C 🗳️
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