- Exam Code: 1Z0-1056-20
- Exam Name: Oracle Financials Cloud: Receivables 2020 Implementation Essentials
- Updated: Sep 20, 2026
- Q & A: 112 Questions and Answers
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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2020 Implementation Essentials |
| Exam Number: | 1Z0-1056-20 |
| Exam Price: | USD 245 (may vary by region / currency) |
| Real Exam Qty: | 55 |
| Passing Score: | 64% |
| Exam Format: | Multiple choice questions (MCQ) |
| Exam Duration: | 85 minutes |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud: Payables 2020 Implementation Essentials Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Oracle Financials Cloud Receivables Implementation Professional (Latest Version) |
| 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 |
| Section | Objectives |
|---|---|
| Collections | - Implement delinquency processes - Configure collections strategy - Manage dispute handling |
| Receivables Configuration | - Auto-invoice and auto-accounting configuration - Configure customer and reference data sets - Import customer data - Define transaction types and sources |
| Billing | - Transactional tax calculations - Process billing transactions - Manage revenue - Invoice print and presentment |
| Receipt Management | - Manage customer refunds - Deploy receipt processing - Configure lockbox and automatic receipts - Handle receipt exceptions |
| Bill Management | - Explain self-service billing functionality |
| Reporting | - Use BI Publisher reports - Explain how to design and use reporting tools - Oracle Transactional Business Intelligence (OTBI) - Receivables to ledger reconciliation |
The Oracle Financials Cloud: Receivables 2020 Implementation Essentials is the official Oracle exam that leads to the Oracle Financials Cloud certification at the Implementation Specialist level. Passing it validates your skills against Oracle standards and proves your qualification to current and future employers. The credential is also connected with related certifications such as 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 serve as a solid step in a broader certification path.
The 1Z0-1056-20 exam has 55 questions in total and must be completed within 85 minutes. That leaves only a narrow time budget per item, so train yourself to flag a difficult question, move on, and circle back later instead of getting stuck. A week or two before your test date, run at least one full timed mock exam in the Actual4Dumps desktop or online test engine under the same 85 minutes limit, and repeat until you can finish with a few minutes left for review.
The passing score for the 1Z0-1056-20 exam is 64%, and the official registration fee is USD 245 (may vary by region / currency). Keep in mind that a failed attempt is not discounted — retaking the exam means paying the full fee again — so it is wise not to book your seat until your practice scores sit comfortably above the passing mark. Working through the 112 questions at Actual4Dumps in timed mode is a reliable way to judge when you are truly ready.
Oracle sets the following requirement for the 1Z0-1056-20 exam: Recommended hands-on experience with Oracle Financials Cloud Receivables and related training courses; no formal prerequisites.. Eligibility rules can change from time to time, so always confirm the current prerequisites on the official exam page at https://education.oracle.com/oracle-financials-cloud-receivables-2020-implementation-essentials/pexam_1Z0-1056-20 before you register.
Yes. Actual4Dumps offers a free PDF demo for the Oracle Financials Cloud: Receivables 2020 Implementation Essentials, so you can review real sample questions and judge the quality before paying anything. After your purchase, you receive 365 days of free updates — whenever the question pool changes, you get the latest version at no cost. Once that period expires, you can extend your update service at a 50% discount from your member zone.
If you take the 1Z0-1056-20 exam within 60 days of your purchase and do not pass, you can apply for a full refund under our 100% Money Back Guarantee. To qualify, submit a scanned copy of your exam enrollment slip together with your official Score Report (PDF) within 2 days after the exam date, and your claim will be processed within 7 days. Note that the guarantee applies only to the corresponding exam: attempts taken within 3 days of purchase, downloaded-but-unused materials, free resources, and expired orders are not eligible, and the candidate name must match the purchaser name. If you would rather not refund, you can exchange the product for two free exam products of equal value while keeping the update service on your original purchase.
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The Oracle Financials Cloud: Receivables 2020 Implementation Essentials is organized into 6 domains. Among the first ones are Bill Management, Billing, Receivables Configuration, and the remaining domains cover the rest of the official objectives. For the complete topic breakdown with every subtopic, see the full 1Z0-1056-20 exam outline above on this page.
What are the three setup steps required to implement the Lockbox feature? (Choose three.)
Correct Answer: B,D,E 🗳️
Identify two late charge interest calculation methods. (Choose two.)
Correct Answer: B,D 🗳️
Identify the dunning letter template set provided by an application.
Correct Answer: C 🗳️
Your Customer Upload Batch with an error and you identify the error as being due to an incorrect Payment Method.
How will you correct the error?
Correct Answer: D 🗳️
Which two initial tasks need to be completed in the Customer Account Profile page in order to generate and deliver XML invoices under the OAGIS (Open Applications Group Integration Specification) 10.1 format?
Correct Answer: B,D 🗳️
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