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Oracle 1z0-1056-23 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2023 Implementation Professional |
| Exam Number: | 1Z0-1056-23 |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice, Multiple Response |
| Passing Score: | Approximately 60-65% |
| Certificate Validity Period: | 18 months |
| Real Exam Qty: | 50-60 |
| Exam Price: | USD 245 |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud Certification Oracle ERP Cloud Financials Implementation Oracle Receivables Cloud Certification |
| Recommended Training: | Oracle Financials Cloud Receivables Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored exam via Pearson VUE or Oracle testing platforms |
| Pre Condition: | Basic knowledge of Oracle Financials Cloud and Accounts Receivable processes is recommended. Training in Oracle Financials Cloud Receivables is strongly advised. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1z0-1056-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Payments and Cash Management | - Refunds and Unapplied Cash - Receipt Processing - Applied Receipts and Clearing |
| Collections and Aging | - Aging and Dunning Management - Collections Strategies |
| Accounting and Integration | - Reporting and Reconciliation - General Ledger Integration - Subledger Accounting for Receivables |
| Receivables Setup and Configuration | - Enterprise Structures for Receivables - Customer and Account Setup - Receivables System Options and Setup Tasks |
| Transaction Management | - Transaction Adjustments and Reversals - Revenue Management Integration - Invoice and Credit Memo Processing |
The Oracle 1z0-1056-23 Exam, Question by Question
Oracle Financials Cloud: Receivables 2023 Implementation Professional is an official exam run by Oracle under exam code 1z0-1056-23. Passing it awards the Oracle Financials Cloud: Receivables 2023 Implementation Professional certification, which sits at the Professional tier. It also counts toward related credentials such as Oracle Financials Cloud Certification, Oracle ERP Cloud Financials Implementation, Oracle Receivables Cloud Certification. 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 2023 Implementation Professional exam gives you 120 minutes to work through 50-60 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 2023 Implementation Professional is USD 245, and Approximately 60-65% is what passing takes. The uncomfortable part: retakes cost the full USD 245 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 and Accounts Receivable processes is recommended. Training in Oracle Financials Cloud Receivables is strongly advised.
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 2023 Implementation Professional registration runs through these official channels.
Worth noting when you schedule: the exam is delivered Online proctored exam via Pearson VUE or Oracle testing platforms.
Yes, Oracle points Oracle Financials Cloud: Receivables 2023 Implementation Professional candidates toward the following training.
Whatever course you choose, close the loop with question practice: the 34 items in the Actual4Exams 1z0-1056-23 package convert course knowledge into exam-day scoring ability.
It is. Actual4Exams publishes a free PDF demo of the Oracle Financials Cloud: Receivables 2023 Implementation Professional 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 2023 Implementation Professional 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 2023 Implementation Professional breaks down into 5 official domains, led by Collections and Aging, Transaction Management, and Receivables Setup and Configuration. 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 2023 Implementation Professional Sample Questions:
it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction.
Which two steps will help achieve this?
- A. Define a netting agreement between the two customer accounts.
- B. Define a business purpose of invoice to each customer address.
- C. Define a relationship between the two customer accounts.
- D. Define and share a cash pool bank account between the customers.
- E. Select the Allow payment of unrelated transactions Receivables System Option.
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You created a new enterprise structure in the Cloud for a single country. In the structure, there are two legal entities: a single ledger and two business units (representing two warehouses, each owned by one of the legal entities). The tax regulations are common between the legal entities.
When assigning the tax regime to parties, what should you do to share all setup for Tax?
- A. Assign two business units to First Party Configuration with Party Overrides.
- B. Assign one legal entity to Global Configuration and one legal entity to Party Specific Configuration.
- C. Assign the ledger to Global Configuration Owner.
- D. Assign one legal entity to Global Configuration and one business unit to First Party Configuration with Party Overrides.
- E. Assign both business units to Global Configuration Owner.
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
Which three receipt types can be reversed in the Cloud?
- A. Receipts applied to open receipts
- B. Credit card chargebacks posted to GL
- C. Invoice-related receipts
- D. Receipts that are archived
- E. Miscellaneous receipts
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
Upon approval of a remittance batch of type Factored with Recourse, the Receivables application creates a receipt and establishes risk.
How does Receivables establish risk?
- A. By recording short-term debt
- B. By recording an entry to the Remitted Bills Receivable account
- C. By generating a bills receivables adjustment
- D. By creating an on-account credit memo
Explanation: Only visible for Actual4Exams members. You can sign-up / login (it's free).
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