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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 |
| Real Exam Qty: | 55 |
| Exam Duration: | 85 minutes |
| Passing Score: | 64% |
| Exam Format: | Multiple choice questions (MCQ) |
| Related Certifications: | Oracle Financials Cloud: Payables 2020 Implementation Essentials Oracle Financials Cloud Receivables Implementation Professional (Latest Version) Oracle Financials Cloud: General Ledger 2020 Implementation Essentials |
| Exam Price: | USD 245 (may vary by region / currency) |
| Sample Questions: |  |
| 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 |
|---|---|
| Collections | - Implement delinquency processes - Configure collections strategy - Manage dispute handling |
| Receipt Management | - Handle receipt exceptions - Manage customer refunds - Deploy receipt processing - Configure lockbox and automatic receipts |
| Receivables Configuration | - Auto-invoice and auto-accounting configuration - Import customer data - Configure customer and reference data sets - Define transaction types and sources |
| Billing | - Manage revenue - Transactional tax calculations - Process billing transactions - Invoice print and presentment |
| Reporting | - Oracle Transactional Business Intelligence (OTBI) - Explain how to design and use reporting tools - Receivables to ledger reconciliation - Use BI Publisher reports |
| Bill Management | - Explain self-service billing functionality |
1Z0-1056-20 Exam FAQ: Save Time, Read This
What is the Oracle Financials Cloud: Receivables 2020 Implementation Essentials exam in plain words?
Oracle Financials Cloud: Receivables 2020 Implementation Essentials is an official Oracle certification exam, listed under the code 1Z0-1056-20. Passing it earns the Oracle Financials Cloud certification at the Implementation Specialist level. It also ties into Oracle Financials Cloud: Payables 2020 Implementation Essentials, Oracle Financials Cloud: General Ledger 2020 Implementation Essentials, Oracle Financials Cloud Receivables Implementation Professional (Latest Version). In an era of lifelong learning, this credential is one of the most efficient ways to prove your skills keep pace.
Oracle Financials Cloud: Receivables 2020 Implementation Essentials gives you 55 questions across 85 minutes. The efficient approach: one to two hours of daily timed practice in the TorrentExam engine builds both the knowledge and the pacing, so exam day feels like simply another well-run session.
Passing Oracle Financials Cloud: Receivables 2020 Implementation Essentials takes 64%, and the official registration fee is USD 245 (may vary by region / currency). Retakes cost the full USD 245 (may vary by region / currency) again, so treat your TorrentExam practice scores as the decision-maker: book when the passing line sits below your everyday results, not your best ones.
The Oracle Financials Cloud: Receivables 2020 Implementation Essentials syllabus is organized into 6 domains, led by Billing, Bill Management, and Reporting. The complete breakdown is above on this page; it is the fastest way to learn where your limited preparation hours belong.
Recommended hands-on experience with Oracle Financials Cloud Receivables and related training courses; no formal prerequisites.
Vendor policies are revised periodically, so verify the current requirements before registering via the official exam page.
Yes on both counts. Download the free demo of the Oracle Financials Cloud: Receivables 2020 Implementation Essentials questions first, and browse the comments written by former customers for a second opinion. After purchase, new versions are sent to you as soon as they release, free for 365 days; after expiry, extending the update service costs 50% of the regular price.
Worry-free means a 100% money-back guarantee with stated conditions. Take the Oracle Financials Cloud: Receivables 2020 Implementation Essentials 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. Alternatively, exchange for two other exam products of equal value, free, keeping the update service on your original purchase.
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Oracle Financials Cloud: Receivables 2020 Implementation Essentials Sample Questions:
When a customer opts to make a payment by a credit card, this receipt is identified as a(n)
_______________.
- A. quick cash receipt
- B. miscellaneous receipt
- C. automatic receipt
- D. AutoLockbox receipt
- E. manual receipt
Correct Answer: C 🗳️
Your customer has three sites defined in the system, site 1, site 2, and site 3. All sites have their own billing strategy defined and Balance Forward Billing is enabled for site 1 and Site 2 at the account level.
How will bills be generated?
- A. Sites 1 and 2 activities will be included in a single bill.
- B. Sites 2 and 3 activities will be included in a single bill.
- C. Sites 1, 2, and 3 activities will be included in a single bill.
- D. Sites 1 and 3 activities will be included in a single bill.
Correct Answer: A 🗳️
When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.
- A. Business unit is not a required option on the Parameters tab to run the delinquency process.
- B. Select the check box to enter the default business unit if it does not appear in the drop-down menu.
- C. Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.
- D. Click the Settings button to apply appropriate settings so that the business unit appears in the drop- down menu.
Correct Answer: C 🗳️
You are utilizing the "Upload Customer From Spreadsheet" option. What information on the Customer Worksheet must be unique for each customer record?
- A. Customer Number, Customer Account Number, Customer Site Number
- B. Customer Number, Customer Billing Address, Customer Bank Account
- C. Customer Name, Customer Account Number, Customer Site Number
- D. Customer Name, Customer Billing Address, Customer Bank Account
Correct Answer: A 🗳️
As a Billing Manager you are responsible for reviewing adjustments and approving them. Which action is not available in the "Approve Adjustments" page?
- A. Reassign
- B. Edit
- C. Reject
- D. Request Information
- E. Approve
Correct Answer: A 🗳️
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