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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 |
| Exam Duration: | 85 minutes |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Oracle Financials Cloud Receivables Implementation Professional (Latest Version) Oracle Financials Cloud: Payables 2020 Implementation Essentials |
| Real Exam Qty: | 55 |
| Passing Score: | 64% |
| Exam Format: | Multiple choice questions (MCQ) |
| Exam Price: | USD 245 (may vary by region / currency) |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Delivered via Oracle's testing provider (e.g., Pearson VUE) with options for onsite test centers or online proctoring. |
| Pre Condition: | Recommended hands-on experience with Oracle Financials Cloud Receivables and related training courses; no formal prerequisites. |
| 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 | Objectives |
|---|---|
| Topic 1: Receipt Management | - Manage customer refunds - Handle receipt exceptions - Configure lockbox and automatic receipts - Deploy receipt processing |
| Topic 2: Receivables Configuration | - Auto-invoice and auto-accounting configuration - Import customer data - Define transaction types and sources - Configure customer and reference data sets |
| Topic 3: Collections | - Implement delinquency processes - Manage dispute handling - Configure collections strategy |
| Topic 4: Billing | - Process billing transactions - Invoice print and presentment - Manage revenue - Transactional tax calculations |
| Topic 5: Reporting | - Use BI Publisher reports - Receivables to ledger reconciliation - Explain how to design and use reporting tools - Oracle Transactional Business Intelligence (OTBI) |
| Topic 6: Bill Management | - Explain self-service billing functionality |
Your Oracle Financials Cloud: Receivables 2020 Implementation Essentials Questions, Answered
Oracle Financials Cloud: Receivables 2020 Implementation Essentials is an official Oracle exam, registered under the code 1Z0-1056-20. A passing score earns you the Oracle Financials Cloud certification, positioned at the Implementation Specialist level. The credential also connects to Oracle Financials Cloud: Payables 2020 Implementation Essentials, Oracle Financials Cloud: General Ledger 2020 Implementation Essentials, Oracle Financials Cloud Receivables Implementation Professional (Latest Version), so it can anchor a broader certification path. Because Oracle designs its exams around real job tasks, holding this certification signals practical skill rather than memorized theory.
Candidates face 55 questions inside a 85 minutes window on the Oracle Financials Cloud: Receivables 2020 Implementation Essentials exam. That ratio leaves little slack, which is why pacing deserves as much practice as the content itself. Learn to budget your minutes, park stubborn questions instead of wrestling them, and rehearse under a real clock: a few timed runs in the ActualCollection test engine will make the official time limit feel routine rather than threatening.
The passing bar for Oracle Financials Cloud: Receivables 2020 Implementation Essentials is set at 64%, and registering for the exam officially costs USD 245 (may vary by region / currency). There is no reduced price for a second try: fail, and you pay USD 245 (may vary by region / currency) in full again. That makes honest self-testing the cheapest insurance available, so hold off on booking until your ActualCollection practice scores sit clearly above the passing line, attempt after attempt.
Recommended hands-on experience with Oracle Financials Cloud Receivables and related training courses; no formal prerequisites.
Vendor policies are revised from time to time, so double-check the eligibility details before registering on the official exam page.
Absolutely. A free PDF demo of the Oracle Financials Cloud: Receivables 2020 Implementation Essentials questions is available at ActualCollection, so you can inspect the quality and formatting before any money changes hands. Once you buy, updates are free for 365 days, and when that period runs out you can extend the update service at 50% off the regular price.
ActualCollection offers a 100% money-back guarantee with specific conditions. If you take the Oracle Financials Cloud: Receivables 2020 Implementation Essentials exam within 60 days of purchase and fail, you may claim a full refund, provided the exam matches your product. Sitting the exam within 3 days of purchase disqualifies a claim, as do downloaded-but-unused products, free materials, and expired orders; the candidate name must also match the payer name. To file, submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and the claim is processed within 7 days. If you prefer, you can skip the refund and instead receive two other exam products of equal value at no charge while keeping the update service on your original purchase.
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Oracle Financials Cloud: Receivables 2020 Implementation Essentials is divided into 6 official domains. Among the headline areas are Billing, Bill Management, and Reporting. Scroll up to the exam topics section for the full breakdown, and use it as a checklist: any line you cannot confidently explain deserves another round of practice.
Oracle Financials Cloud: Receivables 2020 Implementation Essentials Sample Questions:
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
- A. limiting write-offs by a percentage of the original receipt amount
- B. scheduling periodic write-offs as receipt adjustments for old remaining balances
- C. scheduling periodic write-offs as receipt adjustments for small remaining balances
- D. scheduling periodic write-offs to occur in future periods
- E. creating write-offs for specific currencies and customers
You have created two transactions with a 30-day payment term. The first transaction is on January 29,
2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January
31, 2015?
- A. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February
28, 2015. - B. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1,
2015. - C. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March
30, 2015. - D. Two Bills Receivable transactions are created with the issue date and accounting date as January 29,
2015 and January 31, 2015, respectively. - E. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31,
2015. - F. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2,
2015.
Your customer has a state tax of 20% and a city tax of 10% as non-inclusive tax rates that are applicable on a transaction line. Your invoice has two lines: Line1 with $600 USD and Line2 with $400 USD.
What will be the resulting tax and invoice amounts for your tax invoice?
- A. state tax of $166.67 USD for the invoice, city tax of $16.67 USD, and an invoice total of $1,184.34 USD.
- B. state tax of $200 USD for the invoice, city tax of $10 USD, and an invoice total of $1,210 USD.
- C. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,000 USD.
- D. state tax of $166.67 USD for the invoice, city tax of $91.11 USD, and an invoice total of $1,257.78 USD.
- E. state tax of $200 USD for the invoice, city tax of $100 USD, and an invoice total of $1,300 USD.
What validation step is required for implementing dispute processing?
- A. The Recognize Revenue Program is scheduled.
- B. Periods for which the transaction can be disputed are Open.
- C. BPM Work List for approval configuration is validated.
- D. All transactions are of the invoice type.
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
- A. Alternative Allocation Method
- B. Inverted Allocation Method
- C. Relative Allocation Method
- D. Residual Allocation Method
- E. Two Step Allocation Method
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