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Oracle 1Z0-1056-20 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2020 Implementation Essentials |
| Exam Number: | 1Z0-1056-20 |
| Available Languages: | English, Japanese |
| Exam Format: | Multiple Choice, Multiple Select |
| Exam Price: | USD $245 |
| Real Exam Qty: | 55 - 60 |
| Passing Score: | 64% |
| Certificate Validity Period: | Indefinite |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Financials Cloud: Receivables and Collections Implementation Professional |
| Recommended Training: | Oracle Financials Cloud Learning Subscription Oracle Financials Cloud: Receivables 2020 Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle University Exam Page |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No mandatory prerequisites; hands-on implementation experience recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2020-implementation-essentials/pexam_1Z0-1056-20 |
Oracle 1Z0-1056-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting & Period Close | 10% | - Period End Procedures
|
| Topic 2: Collections & Credit Management | 20% | - Adjustments & Write-Offs
|
| Topic 3: Transactions & Billing | 20% | - Transaction Configuration
|
| Topic 4: Receipts & Cash Management | 25% | - Advanced Receipt Functions
|
| Topic 5: Receivables Foundation & Setup | 25% | - Rapid Implementation Configuration
|
Oracle 1Z0-1056-20 Exam: FAQ for Serious Candidates
Oracle Financials Cloud: Receivables 2020 Implementation Essentials is an official Oracle exam, listed under exam code 1Z0-1056-20. A passing result earns you the Oracle Financials Cloud: Receivables 2020 Certified Implementation Specialist certification at the Specialist level. It also ties into Oracle Financials Cloud: Receivables and Collections Implementation Professional, extending its value across your certification roadmap. Employers read this credential as verified competence, which is why it keeps appearing in job requirements.
Expect 55 - 60 questions inside 90 minutes on the Oracle Financials Cloud: Receivables 2020 Implementation Essentials exam. That pace punishes hesitation, so rehearse it: the ActualPDF software engine simulates the real exam scene, reminds you of the questions you got wrong, and pushes you to re-practice them until the clock stops being your enemy.
Passing Oracle Financials Cloud: Receivables 2020 Implementation Essentials requires 64%, and the official registration fee is USD $245. Retakes charge the full USD $245 again, which is why experienced candidates treat preparation as the cheaper exam fee. Verify your readiness with repeated ActualPDF practice scores above the requirement before you commit to a date.
No mandatory prerequisites; hands-on implementation experience recommended
Requirements evolve, so confirm the current conditions before registering on the official exam page.
Registration for Oracle Financials Cloud: Receivables 2020 Implementation Essentials goes through the official channels listed here.
When you schedule, note that the exam is delivered Online proctored or onsite at Pearson VUE test centers.
Oracle recommends the following training for Oracle Financials Cloud: Receivables 2020 Implementation Essentials candidates.
- Oracle Financials Cloud: Receivables 2020 Implementation Training
- Oracle Financials Cloud Learning Subscription
Follow any course with the 112 practice questions in the ActualPDF 1Z0-1056-20 package; the software engine will even remind you which mistakes need another round.
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Your purchase is covered by a 100% money-back guarantee with clear conditions. Take the Oracle Financials Cloud: Receivables 2020 Implementation Essentials exam within 60 days of purchase; if you fail, provide your unqualified result by submitting a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the full refund is processed within 7 days. The exam must match your product, candidate and payer names must match, and attempts within 3 days of purchase, unused downloads, free materials, and expired orders are not covered. Alternatively, exchange for two other exam products of equal value, free, or wait for updates while keeping your original product's update service.
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The Oracle Financials Cloud: Receivables 2020 Implementation Essentials syllabus spans 5 domains, led by Reporting & Period Close (10%), Collections & Credit Management (20%), and Transactions & Billing (20%). The complete topic list is published above; candidates who study the map first rarely get lost later.
Oracle Financials Cloud: Receivables 2020 Implementation Essentials Sample Questions:
Question 1
Which two statements are true about configuring Collection Strategies?
A. You need to create Strategy Tasks of the type "Automatic" only.
B. You need to create Scoring Formulae (or use predefined Scoring Formulas).
C. You need to define an Aging Method that meets the requirements of your organization.
D. You need to SGI the (Collections Method to Strategies for the relevant business unit.
Question 2
Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?
A. Troubleshoot In the Manage Customers page.
B. Use the Customer Data Exceptions spreadsheet.
C. Correct error and resubmit the batch.
D. Use the Customer Payment Method Exceptions spreadsheet.
Question 3
Where is the summary delinquency data displayed In the Collections Work Area?
A. Profile Tab
B. Transactions Tab
C. Aging Tab
D. History Tab
Question 4
Your client performs many customer refunds and would like to search for real-time Receivables Refunds Status easily.
What should you do to meet this requirement?
A. Create a Business Intelligence Publisher Report because you cannot create an OTBI Report for refunds.
B. Create an Oracle Business Intelligence Applications (OBIA) Report.
C. Query each customer refund and verify the Refund Status.
D. Create a Real Time Report by using Oracle Transactional Business Intelligence (OTBI).
Question 5
One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?
A. Remittance Process
B. Automatic Receipt Process
C. Clear Receipts Automatically Process
D. Lockbox Process
Solutions:
| Question 1 Answer: A,B | Question 2 Answer: D | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: A |
