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Oracle 1Z1-1056 Certification Exam is a multiple-choice exam consisting of 70 questions that must be completed within a time limit of 105 minutes. 1Z1-1056 exam is offered in English and can be taken at any Oracle testing center or online through the Pearson VUE testing platform. The passing score for the exam is 65%, and candidates who successfully pass the exam will receive the Oracle Financials Cloud: Receivables 2019 Certified Implementation Specialist certification.

Reference: https://education.oracle.com/oracle-financials-cloud-receivables-2019-implementation-essentials/pexam_1Z0-1056

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Oracle 1Z1-1056 certification exam is designed for professionals who want to validate their knowledge and skills in implementing and using Oracle Financials Cloud: Receivables 2019. Oracle Financials Cloud: Receivables 2019 Implementation Essentials certification is intended for individuals who have experience implementing and configuring Oracle Receivables applications and who have a strong understanding of accounting principles.

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Oracle 1Z1-1056 Exam Syllabus Topics:

SectionWeightObjectives
Collections and Credit Management15%- Configure Advanced Collections
- Set up collection strategies and scoring
- Manage delinquencies and disputes
- Define credit limits and review processes
Reporting and Period Close10%- Perform Receivables to Ledger reconciliation
- Analyze Receivables balances and aging
- Manage accounting periods and close process
- Generate OTBI and BIP reports
General Receivables Setup25%- Set up transaction taxes and subledger accounting
- Configure reference data sets and calendars
- Manage customer accounts and import processes
- Define system options and common configurations
- Configure Receivables using Rapid Implementation
Billing and Revenue Management25%- Set up revenue recognition rules
- Define transaction types and sources
- Configure AutoInvoice and AutoAccounting
- Manage balance forward and recurring billing
- Process invoices, credit memos, and adjustments
Receipts and Cash Management25%- Configure Lockbox and Automatic Receipts
- Manage bills receivable and remittances
- Create and apply customer receipts
- Reconcile receipts to ledgers
- Process receipt exceptions and corrections

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