Oracle 1Z1-1056 exam is designed for professionals who wish to validate their expertise in implementing and using Oracle Financials Cloud Receivables 2019. Oracle Financials Cloud: Receivables 2019 Implementation Essentials certification exam is intended for individuals who have a strong understanding of the Oracle Financials Cloud Receivables application and its various features, including billing, revenue management, collections, and cash management.
Reference: https://education.oracle.com/oracle-financials-cloud-receivables-2019-implementation-essentials/pexam_1Z0-1056
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Oracle 1Z1-1056 exam is designed for professionals who want to validate their knowledge and skills in implementing Oracle Financials Cloud: Receivables 2019. 1Z0-1056 exam is for those individuals who want to become Oracle certified professionals in this area. 1Z0-1056 exam tests the candidate's knowledge of implementing Oracle Receivables Cloud service, implementing receivables setup, and creating and managing customers and transactions in Oracle Financials Cloud.
Oracle 1Z1-1056 Certification Exam is an excellent way for professionals to validate their skills in implementing Oracle Financials Cloud: Receivables 2019. Passing the exam demonstrates a high level of expertise and can lead to increased career opportunities and improved business outcomes for organizations.
To pass the Oracle 1Z1-1056 certification exam, candidates must have a deep understanding of the Oracle Financials Cloud Receivables 2019 implementation process. Candidates must also have practical experience in implementing and configuring Oracle Financials Cloud Receivables 2019 solutions. 1Z0-1056 exam consists of 60 questions, and candidates are given 105 minutes to complete the test. The passing score for 1Z0-1056 exam is 63%.
Oracle 1Z0-1056 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: Receipts and Cash Management | 25% | - Manage bills receivable and remittances
- Reconcile receipts to ledgers
- Process receipt exceptions and corrections
- Configure Lockbox and Automatic Receipts
- Create and apply customer receipts
|
| Topic 2: Reporting and Period Close | 10% | - Analyze Receivables balances and aging
- Generate OTBI and BIP reports
- Perform Receivables to Ledger reconciliation
- Manage accounting periods and close process
|
| Topic 3: General Receivables Setup | 25% | - Define system options and common configurations
- Configure reference data sets and calendars
- Set up transaction taxes and subledger accounting
- Configure Receivables using Rapid Implementation
- Manage customer accounts and import processes
|
| Topic 4: Billing and Revenue Management | 25% | - Manage balance forward and recurring billing
- Configure AutoInvoice and AutoAccounting
- Set up revenue recognition rules
- Define transaction types and sources
- Process invoices, credit memos, and adjustments
|
| Topic 5: Collections and Credit Management | 15% | - Configure Advanced Collections
- Define credit limits and review processes
- Set up collection strategies and scoring
- Manage delinquencies and disputes
|