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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 |
| Exam Duration: | 120 minutes |
| Available Languages: | Japanese, Simplified Chinese, English |
| Exam Price: | $245 USD (may vary by region) |
| Certificate Validity Period: | Typically 18–24 months or until next major product update (varies by Oracle certification policy) |
| Exam Format: | Multiple Choice, Scenario-based Questions, Multiple Response |
| Related Certifications: | Oracle Financials Cloud Implementation Specialist Oracle Financials Cloud: General Ledger Implementation Essentials Oracle Financials Cloud: Payables Implementation Essentials |
| Real Exam Qty: | Approximately 55–75 questions |
| Passing Score: | Approximately 65% (scaled score, subject to Oracle updates) |
| Recommended Training: | Oracle Financials Cloud Learning Path Oracle University Financials Cloud Training |
| Exam Registration: | Oracle Certification Registration Pearson VUE Oracle Exams |
| Sample Questions: |  |
| 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 |
|---|---|
| Reporting and Integration | - Standard reporting
|
| Transaction Processing | - Invoicing and billing
|
| Collections and Credit Management | - Collections strategies
|
| Receipts and Cash Management | - Receipt creation and application
|
| Receivables Setup and Configuration | - Enterprise structure and setup prerequisites
|
1Z1-1056 Exam Questions Answered: Oracle Candidates' FAQ
Oracle Financials Cloud: Receivables 2019 Implementation Essentials is an official exam run by Oracle under exam code 1Z1-1056. Passing it awards the Oracle Financials Cloud: Receivables Implementation Specialist certification, which sits at the Professional tier. It also counts toward related credentials such as Oracle Financials Cloud Implementation Specialist, Oracle Financials Cloud: General Ledger Implementation Essentials, Oracle Financials Cloud: Payables Implementation Essentials. Certified professionals remain in shorter supply than the market wants, which is precisely why this exam keeps showing up in conversations about better roles and better pay.
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam gives you 120 minutes to work through Approximately 55–75 questions questions. That is a tight ratio, and it punishes candidates who get emotionally attached to any single item. The fix is mechanical: answer what you know, flag what you do not, and keep moving. A few full-length timed runs in the Actual4Exams test engine, with its randomized question order, will calibrate your pace far better than untimed reading ever could.
The official fee for Oracle Financials Cloud: Receivables 2019 Implementation Essentials is $245 USD (may vary by region), and Approximately 65% (scaled score, subject to Oracle updates) is what passing takes. The uncomfortable part: retakes cost the full $245 USD (may vary by region) again, which makes preparation the cheapest line item in this whole project. Before booking, put yourself through repeated scored sessions with the Actual4Exams practice tests and compare results over time; a stable margin above the passing line, not a single lucky run, is when you are ready.
Basic knowledge of Oracle Financials Cloud concepts and accounting principles is recommended; no mandatory prerequisite exam required
Vendor rules do get revised, so treat this as your starting point and confirm the current eligibility details before booking via the official exam page.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials registration runs through these official channels.
Worth noting when you schedule: the exam is delivered Online proctored or authorized test center delivery via Pearson VUE.
Yes, Oracle points Oracle Financials Cloud: Receivables 2019 Implementation Essentials candidates toward the following training.
Whatever course you choose, close the loop with question practice: the 110 items in the Actual4Exams 1Z1-1056 package convert course knowledge into exam-day scoring ability.
It is. Actual4Exams publishes a free PDF demo of the Oracle Financials Cloud: Receivables 2019 Implementation Essentials material, so the product can prove itself before you pay. Your purchase then comes with 365 days of free updates, and once that period ends, extending the update service costs 50% of the regular price. The test engine software itself is verified malware-free and safe to install.
Actual4Exams stands behind the product with a 100% money-back guarantee under defined conditions. If you take the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam within 60 days of purchase and fail, you qualify for a full refund, provided the exam corresponds to your product. Sitting the exam within 3 days of purchase does not qualify, and neither do unused downloads, free materials, or expired orders; 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, and claims are resolved within 7 days. You may also choose an exchange instead of a refund: two other exam products of equal value, free, with the update service on your original purchase retained.
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Oracle Financials Cloud: Receivables 2019 Implementation Essentials breaks down into 5 official domains, led by Receipts and Cash Management, Transaction Processing, and Collections and Credit Management. You will find the full topic-by-topic outline above on this page; use the weightings to budget your study hours where they pay back the most.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:
What do you need to total in order to find the total transaction price for a customer contract that is calculated by Revenue Management?
- A. the billing amount for all performance obligations in the customer contract
- B. the allocated amount for all performance obligations in the customer contract
- C. the extended SSP amounts for all performance obligations in the customer contract
- D. the selling price for all performance obligations in the customer contract
- E. the SSP amounts for all performance obligations in the customer contract
To meet the business needs of most organizations, "Common Set" is seeded InFusion for all set-enabled objects with the exception of _________________.
- A. Customer Site
- B. AutoCash Rules
- C. Aging Methods
- D. Revenue Scheduling Rules
- E. AutoMatch Rule Sets
Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?
- A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.
- B. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager <Business Unit>" data role.
- C. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.
- D. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role.
- E. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager <Business Unit>" data role to the employee.
Which three interest rate calculation formula methods are supported in Receivables? (Choose three.)
- A. Simple
- B. Declining Balance
- C. Flat Rate
- D. Average
- E. Compound
If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either ________________ or ________________. Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition.
Identify the two values. (Choose two.)
- A. a debit memo line
- B. a standard memo line
- C. an inventory item
- D. a credit memo line
- E. a purchasing item
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