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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: | 90 minutes |
| Related Certifications: | Oracle Financials Cloud Receivables Certified Implementation Professional Oracle Financials Cloud Certification |
| Real Exam Qty: | 50 |
| Passing Score: | 68% |
| Available Languages: | English |
| Exam Price: | $245 USD |
| Exam Format: | Multiple Choice |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Online proctored exam or Pearson VUE testing center |
| Pre Condition: | Oracle recommends hands-on experience implementing Oracle Financials Cloud Receivables solutions and completion of relevant Oracle University training. |
| Official Syllabus URL: | https://education.oracle.com/oracle-certification-path/pFamily_641 |
Oracle 1z0-1056-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Receivables Configuration | - Receivables System Options
|
| Transaction Processing | - Receivables Transactions
|
| Collections and Credit Management | - Collections Configuration
|
| Customer and Account Management | - Customer Data Management
|
| Reporting and Analytics | - Receivables Reporting
|
| Data Import and Integration | - Integration Framework
|
| Accounting and Period Close | - Receivables Accounting
|
| Balance Forward Billing | - Billing Configuration
|
| Receipt Management | - Cash Processing
|
Oracle 1z0-1056-23 Exam: What Candidates Want to Know
Oracle Financials Cloud: Receivables 2023 Implementation Professional is an official Oracle certification exam, registered under the code 1z0-1056-23. Passing it awards the Oracle Financials Cloud certification, a credential at the Professional level. It also connects to Oracle Financials Cloud Receivables Certified Implementation Professional, Oracle Financials Cloud Certification. The exam is demanding by design, and that difficulty is precisely what makes the credential meaningful for career development.
The Oracle Financials Cloud: Receivables 2023 Implementation Professional exam presents 50 questions within 90 minutes. That is a brisk pace, and the candidates who handle it best are the ones who rehearsed it. Use the ActualPDF engine for full timed simulations, practice flagging and returning, and arrive on exam day with a pacing strategy already proven.
Passing Oracle Financials Cloud: Receivables 2023 Implementation Professional takes 68%, and official registration costs $245 USD. Retakes bill the full $245 USD again, so preparation is the least expensive insurance available. Let your ActualPDF practice scores guide the timing: book when you clear the requirement consistently, not occasionally.
Oracle recommends hands-on experience implementing Oracle Financials Cloud Receivables solutions and completion of relevant Oracle University training.
Policies get revised, so confirm the current requirements before you register on the official exam page.
Yes. ActualPDF offers a free demo of the Oracle Financials Cloud: Receivables 2023 Implementation Professional questions, so you can verify the quality personally before purchasing. Your purchase then includes a one-year service warranty: updates are free for 365 days, and after expiry you can extend the update service at a 50% discount.
Your money is protected by a 100% money-back guarantee with defined conditions. Take the Oracle Financials Cloud: Receivables 2023 Implementation Professional exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and 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 processed within 7 days. You may instead wait for the update version or change to other exam material: exchange for two other exam products of equal value, free, with your original purchase keeping its update service.
Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service, online 7/24 even on official holidays. Installation is unlimited across your computers.
Oracle Financials Cloud: Receivables 2023 Implementation Professional is organized into 9 official domains. The most heavily weighted are Reporting and Analytics, Balance Forward Billing, and Customer and Account Management. The full breakdown appears above on this page; study the weightings and your preparation priorities set themselves.
Oracle Financials Cloud: Receivables 2023 Implementation Professional Sample Questions:
Manage Receipt Classes and Methods
Scenario
Supremo US Business unit needs to capture customer payments that will be reconciled in the Cash Management application. You need to define a receipt class and receipt method, and assign the appropriate bank account to meet this requirement.
Task:
Define Remittance Bank Account where:
* Bank Account is associated with Receipt Method
* Primary bank account is linked the Denver branch of Bank of America
* Bank account number ends with 2870
* Remittance bank account is effective as of January 1, 2023
* GL Accounts section must contain the values below for company segment 120 Supremo Fitness
See the explanation below for solution.
Explanation
* Log in to Oracle Financials Cloud.
* Click on the Remittance Bank Accounts icon in the Receivables work area.
* Click on the Create button.
* In the Remittance Bank Account window, enter the following information:
* Name: XXRemittance Bank Account (Replace XX with your allocated user ID.)
* Bank Account Number: The bank account number that you want to associate with the receipt method.
* Bank Name: Bank of America
* Branch Name: Denver
* Account Type: Checking
* Effective Date: January 1, 2023
* Primary: Yes
* GL Accounts:
* Company Segment: 120 Supremo Fitness
* Account Code: 12000
* Account Name: Accounts Receivable - Supremo Fitness
* Company Segment: 120 Supremo Fitness
* Account Code: 12001
* Account Name: Allowance for Doubtful Accounts - Supremo Fitness
* Click on the Save button.
The new remittance bank account will be created.
When defining the receipt method for automatic receipt processing, the business requirement is to produce the minimum number of payments.
Which receipt rule should you define?
- A. One per Site. per due date
- B. One per Invoice
- C. One per Customer
- D. One per Customer, per due date
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
You are reviewing an invoice on the Review Transaction page. After clicking the Sales Credit subtab. you notice the following breakdown: Revenue Allocation and Nonrevenue Allocation.
What is Nonrevenue Allocation?
- A. Additional incentive-based sales credits
- B. Sales credits associated to deferred revenue
- C. Sales credit allocation based on billing corrections
- D. Sales credit reversals due to credit memo creation
Explanation: Only visible for ActualPDF members. You can sign-up / login (it's free).
After creating Receivables Activities using the General Ledger Rapid Implementation workbook upload process a Receivables Manager wants to review and make changes if required, to the account assignments created for these Receivables Activities.
Which two Receivables Activities DO NOT have account assignments to review and change?
- A. Unearned Discounts
- B. Earned Discounts
- C. Adjustment Activities
- D. Debit Memo Reversal
- E. Miscellaneous Receipt
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