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Last Updated: Oct 11, 2026
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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 |
| Exam Duration: | 120 minutes |
| Passing Score: | 62% |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Exam Format: | Multiple Choice |
| Exam Price: | USD 245 |
| Related Certifications: | Oracle Financials Cloud Receivables 2019 Certified Implementation Specialist |
| Sample Questions: | DOWNLOAD DEMO |
| 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 |
Oracle 1Z1-1056 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Receivables Configuration | 30% | - Implement receivables setup
|
| Topic 2: Receipts and Collections | 20% | - Manage receipt lifecycle
|
| Topic 3: Transactions Processing | 20% | - Manage receivables transactions
|
| Topic 4: Period Close and Reporting | 20% | - Perform close and reporting activities
|
| Topic 5: Enterprise Structure and Financial Setup | 10% | - Configure enterprise structures
|
Oracle Financials Cloud: Receivables 2019 Implementation Essentials Exam: Questions Worth Asking
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam contains 60 to complete within 120 minutes. Timed simulation in the BraindumpQuiz Desktop Test Engine teaches that rhythm before exam day does.
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 110 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
The official Oracle Financials Cloud: Receivables 2019 Implementation Essentials outline defines 5 domains. The leading three are Period Close and Reporting (20%), Transactions Processing (20%), and Enterprise Structure and Financial Setup (10%). The full list is in the topics section above, and BraindumpQuiz's 110 practice questions cover each one.
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam requires 62% to pass, and registration costs USD 245. A failed attempt means paying the same fee again — a readiness check with the BraindumpQuiz engines before booking is the cheaper option.
The 1Z1-1056 exam is a Oracle certification exam validating the Oracle Financials Cloud: Receivables 2019 Implementation Essentials syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud Receivables 2019 Certified Implementation Specialist. Candidates in 2026 keep up with it using BraindumpQuiz's 110 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
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Oracle recommends knowledge of Oracle Financials Cloud and implementation experience. No mandatory prerequisite exam required. Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
Oracle recommends these training resources for the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam:
Follow the training with steady self-testing — the 110 practice questions from BraindumpQuiz help you apply theory and fill any gaps the training leaves.
Pearson VUE testing center or Oracle online proctored exam delivery. Register for the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam through these official channels:
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Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:
Which two statements are true when you are using the Intercompany Reconciliation Process? (Choose two.)
- A. You need to submit the Extract Intercompany Reconciliation Data job.
- B. The Clearing Company Balancing Lines appear in the Intercompany Reconciliation Summary Report.
- C. The Transaction Summary Report shows only transactions with a status of received.
- D. The Reconciliation Period Summary Report shows the intercompany receivable and the intercompany payable lines generated by the intercompany balancing feature.
- E. The ledger balancing lines are generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance.
Correct Answer: D,E 🗳️
What are the three setup steps required to implement the Lockbox feature? (Choose three.)
- A. late charges
- B. credit card refunds
- C. Receipt Classes and Receipt Methods
- D. Receipt Sources
- E. Lockbox and Lockbox Transmission Formats
Correct Answer: C,D,E 🗳️
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
- A. Unapplied Receipts
- B. Unapplied Credits
- C. Receipt Batches
- D. Lockbox Exceptions
- E. Unidentified Receipts
Correct Answer: E 🗳️
Which two statements are true about processing Receivables adjustments that impact tax amounts?
- A. Receivables can look at the adjustment activity and retrieve the tax rate code.
- B. There is no need to retrieve the tax rate code.
- C. Receivables can look at System Options and retrieve the tax rate code.
- D. Receivables can look at invoice and retrieve the tax rate code.
Correct Answer: C,D 🗳️
Which predefined dunning letter template is available in the Collections application
- A. Regular, Medium, Hard, Easy
- B. Soft, Regular, Medium, Hard
- C. Soft, Medium, Hard, Final
- D. Regular, Medium, Hard, Difficult
Correct Answer: C 🗳️
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