- Exam Code: 1Z1-1056
- Exam Name: Oracle Financials Cloud: Receivables 2019 Implementation Essentials
- Updated: Sep 18, 2026
- Q & A: 110 Questions and Answers
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials has a reputation for tripping up even experienced professionals. Actual4Dumps built its 1Z1-1056 practice questions for 2026 to mirror that difficulty, so nothing on exam day catches you off guard.
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056 |
| Passing Score: | 68% |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Does not expire |
| Exam Format: | Multiple Select, Multiple Choice |
| Related Certifications: | Oracle Financials Cloud Implementation Specialist Oracle Fusion Cloud Financials Receivables Implementation Professional |
| Available Languages: | Japanese, Brazilian Portuguese, English, French, German, Spanish |
| Real Exam Qty: | 55-60 |
| Exam Price: | USD $245 |
| Recommended Training: | Oracle University Learning Subscription Oracle Financials Cloud: Implement Receivables Credit to Cash |
| Exam Registration: | Pearson VUE Scheduling Oracle Education Registration |
| Sample Questions: | ![]() |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; recommended 6+ months hands-on implementation experience with Oracle Financials Cloud |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2019-implementation-essentials/pexam_1Z0-1056 |
| Section | Weight | Objectives |
|---|---|---|
| Billing and Revenue Management | 25% | - Set up revenue recognition rules - Manage balance forward and recurring billing - Process invoices, credit memos, and adjustments - Configure AutoInvoice and AutoAccounting - Define transaction types and sources |
| Collections and Credit Management | 15% | - Manage delinquencies and disputes - Define credit limits and review processes - Configure Advanced Collections - Set up collection strategies and scoring |
| Reporting and Period Close | 10% | - Manage accounting periods and close process - Perform Receivables to Ledger reconciliation - Generate OTBI and BIP reports - Analyze Receivables balances and aging |
| General Receivables Setup | 25% | - Configure Receivables using Rapid Implementation - Set up transaction taxes and subledger accounting - Define system options and common configurations - Configure reference data sets and calendars - Manage customer accounts and import processes |
| Receipts and Cash Management | 25% | - Create and apply customer receipts - Configure Lockbox and Automatic Receipts - Reconcile receipts to ledgers - Process receipt exceptions and corrections - Manage bills receivable and remittances |
The Oracle Financials Cloud: Receivables 2019 Implementation Essentials is the official Oracle exam that leads to the Oracle Financials Cloud: Receivables 2019 Certified Implementation Specialist certification at the 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 Implementation Specialist, Oracle Fusion Cloud Financials Receivables Implementation Professional, so it can serve as a solid step in a broader certification path.
The 1Z1-1056 exam has 55-60 questions in total and must be completed within 90 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 90 minutes limit, and repeat until you can finish with a few minutes left for review.
The passing score for the 1Z1-1056 exam is 68%, and the official registration fee is USD $245. 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 110 questions at Actual4Dumps in timed mode is a reliable way to judge when you are truly ready.
Oracle sets the following requirement for the 1Z1-1056 exam: No formal prerequisites; recommended 6+ months hands-on implementation experience with Oracle Financials Cloud. 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-2019-implementation-essentials/pexam_1Z0-1056 before you register.
You can register for the Oracle Financials Cloud: Receivables 2019 Implementation Essentials through the following official channels:
The 1Z1-1056 exam is delivered as Online proctored or onsite at Pearson VUE test centers, so review the technical and check-in requirements for that format when you schedule your appointment.
Oracle recommends the following official training options for the Oracle Financials Cloud: Receivables 2019 Implementation Essentials:
Official courses build the theory, and pairing them with the 110 practice questions from Actual4Dumps turns that knowledge into exam-ready answers.
Yes. Actual4Dumps offers a free PDF demo for the Oracle Financials Cloud: Receivables 2019 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 1Z1-1056 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 2019 Implementation Essentials is organized into 5 domains. Among the first ones are Receipts and Cash Management (25%), Reporting and Period Close (10%), General Receivables Setup (25%), and the remaining domains cover the rest of the official objectives. For the complete topic breakdown with every subtopic, see the full 1Z1-1056 exam outline above on this page.
Which method is used to allocate total transaction price across performance obligations in Revenue Management?
Correct Answer: D 🗳️
Which predefined dunning letter template is available in the Collections application
Correct Answer: C 🗳️
There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?
Correct Answer: E 🗳️
Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?
Correct Answer: E 🗳️
Identify two late charge interest calculation methods. (Choose two.)
Correct Answer: B,D 🗳️
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