- Exam Code: 1z0-1056-22
- Exam Name: Oracle Financials Cloud: Receivables 2022 Implementation Professional
- Updated: Sep 02, 2026
- Q & A: 156 Questions and Answers
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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2022 Implementation Professional |
| Exam Number: | 1z0-1056-22 |
| Exam Duration: | 90 minutes |
| Passing Score: | 64% |
| Real Exam Qty: | 58 |
| Related Certifications: | Oracle Financials Cloud 2022 Implementation Professional |
| Exam Price: | $245 USD |
| Certificate Validity Period: | Version-specific / Valid until next major release |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Response |
| Recommended Training: | Oracle Learning Subscription Oracle Financials Cloud: Receivables & Collections Training |
| Exam Registration: | Oracle Certification Portal Pearson VUE Registration |
| Sample Questions: | ![]() |
| Exam Way: | Online proctored or Onsite testing center via Pearson VUE |
| Pre Condition: | No mandatory prerequisites; 6–12 months of hands-on implementation experience with Oracle Financials Cloud is highly recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2022-implementation-professional/pexam_1Z0-1056-22 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Configuring and Using Advanced Collections | 5% | - Manage Collections work queues and strategies - Design and implement Scoring Strategies - Set up Advanced Collections framework |
| Topic 2: Configuring Customer Billing | 15% | - Manage Auto-Accounting rules - Manage Salespersons, Sales credits and account references - Manage Transaction types, sources, Items and Memo lines - Configure Revenue recognition for Receivables - Manage Auto-Invoicing |
| Topic 3: Processing Customer Payments | 15% | - Create and process Bills Receivables and Remittances - Manage Receipt exceptions and corrections - Create and apply Receipts - Process Receipt applications and adjustments |
| Topic 4: Configuring Common Receivables | 20% | - Configure Tax - Configure Receivables using Rapid Implementation - Configure Subledger Accounting - Configure and Import Customers - Configure Receivables system options - Configure Cash Management integration - Configure integration with other Oracle Cloud applications |
| Topic 5: Managing Customer Billing | 15% | - Run and validate Auto-Invoice process - Create and process Transactions - Calculate and apply Transactional Tax - Manage Transaction printing and delivery |
| Topic 6: Reporting and Reconciliation | 10% | - Perform Receivables to General Ledger reconciliation - Report using Business Intelligence Publisher (BIP) - Report using Oracle Transactional Business Intelligence (OTBI) |
| Topic 7: Configuring Customer Payments | 15% | - Set up Customer Receipts - Configure Automatic Receipts and Funds Capture - Configure Lockbox processing |
| Topic 8: Bill Management | 5% | - Configure Oracle Bill Management - Create and manage Bills Receivables lifecycle |
Oracle Financials Cloud: Receivables 2022 Implementation Professional is an official certification exam from Oracle, identified by the exam code 1z0-1056-22. Pass it and you hold the Oracle Financials Cloud: Receivables 2022 Implementation Professional certification, which sits at the Implementation Professional level. It also feeds into related credentials, including Oracle Financials Cloud 2022 Implementation Professional. In practical terms, this certification tells employers your skills have been measured against the vendor's own standard, which is why certified candidates tend to stand out in hiring and promotion decisions.
Expect 58 questions within 90 minutes on the Oracle Financials Cloud: Receivables 2022 Implementation Professional exam. Numbers aside, the real challenge is rhythm: lingering too long on one item quietly steals time from three others. Build the habit of answering, flagging, and moving on, then rehearse the full experience under a countdown with the Actual4Dumps test engine until finishing comfortably early becomes your norm.
Registration for Oracle Financials Cloud: Receivables 2022 Implementation Professional officially runs $245 USD, with 64% required to pass. Worth knowing before you book: retakes are billed at the same full $245 USD, so a failed attempt doubles your spend. The smarter sequence is to measure yourself first. When your scores on the Actual4Dumps practice tests clear the passing line with room to spare, consistently, that is your signal to schedule the real thing.
No mandatory prerequisites; 6–12 months of hands-on implementation experience with Oracle Financials Cloud is highly recommended
Because vendors update their policies without much fanfare, verify the latest entry requirements before you book using the official exam page.
Booking for the Oracle Financials Cloud: Receivables 2022 Implementation Professional exam goes through the vendor's official registration channels.
When you choose your slot, note that the exam is delivered Online proctored or Onsite testing center via Pearson VUE.
Oracle lists the following recommended training for Oracle Financials Cloud: Receivables 2022 Implementation Professional candidates.
Courses teach the concepts; repetition makes them exam-ready. Round out whichever training you pick with the 156 practice questions from Actual4Dumps, and each topic stops being theory and starts being points.
Yes, and we encourage it. Download the free PDF demo of the Oracle Financials Cloud: Receivables 2022 Implementation Professional questions from Actual4Dumps and evaluate the quality on your own terms. After you buy, every update for the next 365 days is free, and when that window closes you can extend your update service at half price.
A 100% money-back guarantee applies, governed by clear conditions. If you sit the Oracle Financials Cloud: Receivables 2022 Implementation Professional exam within 60 days of purchase and fail, you can claim a full refund, as long as the exam corresponds to your product. Attempts made within 3 days of purchase are ineligible, as are products you downloaded but never used, free materials, and expired orders; the name on the exam record must match the payer's name. File your claim with a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and it is settled within 7 days. Rather have a replacement than a refund? You may exchange for two other exam products of equal value, free, and your original product keeps its update service.
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The Oracle Financials Cloud: Receivables 2022 Implementation Professional blueprint spans 8 domains. The ones carrying the most weight include Bill Management (5%), Processing Customer Payments (15%), and Configuring and Using Advanced Collections (5%). The complete domain-by-domain breakdown is in the exam topics section above; treat it as your master checklist and let the weights tell you where your study hours earn the most.
Question 1
Which three actions are facilitated through the Reconciliation Summary Report? (Choose three.)
A. drilldown from any of the summarized Receivables and Accounting amounts to see detailed activity
B. drilldown to see reconciliation details and to make reconciling corrections
C. drilldown to see details of unaccounted revenue transactions not transferred and posted to the General Ledger
D. drilldown on the difference amounts to see specific reconciling items and the potential cause of the out-of-balance condition
E. drilldown to view data and use standard Excel functions such as sum, find, sort, and filtering without actually downloading to Excel
Question 2
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 Customer per due date
C. One per Customer
D. One per invoice
Question 3
Which predefined dunning letter template is available in the Collections application
A. Regular, Medium, Hard, Difficult
B. Soft, Regular, Medium, Hard
C. Soft, Medium, Hard, Final
D. Regular, Medium, Hard, Easy
Question 4
Debit Memo Reversal is a new receivable that replaces the item closed by the original receipt.
When should the Debit Memo Reversal method be used to reverse a receipt?
A. You are reversing a Miscellaneous receipt.
B. You are reversing a receipt that you previously applied to a chargeback and this chargeback has had no activity (another receipt or credit memo or adjustment) against it.
C. You are reversing a receipt that you previously applied to a chargeback and this chargeback was not accounted.
D. You are reversing a receipt that you previously applied to a chargeback and this chargeback was posted to your general ledger.
Question 5
If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either ________________ or ________________. Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition.
Identify the two values. (Choose two.)
A. a standard memo line
B. a credit memo line
C. an inventory item
D. a purchasing item
E. a debit memo line
Solutions:
| Question 1 Answer: A,D,E | Question 2 Answer: D | Question 3 Answer: C | Question 4 Answer: B | Question 5 Answer: A,C |
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