Test yourself online, realize your shortcomings, improve your test ability. The Oracle Financials Cloud: Receivables 2021 Implementation Essentials practice test at ExamCost: 156 practice questions for the 1Z0-1056-21 exam.
Oracle 1Z0-1056-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2021 Implementation Essentials |
| Exam Number: | 1Z0-1056-21 |
| Real Exam Qty: | 58 |
| Certificate Validity Period: | 18 months |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 245 |
| Passing Score: | 64% |
| Related Certifications: | Oracle Financials Cloud 2021 Implementation Professional |
| Available Languages: | English |
| Exam Format: | Multiple Choice, Multiple Select |
| Recommended Training: | Oracle Financials Cloud: Receivables 2021 Implementation Training |
| Exam Registration: | Oracle Education Registration Pearson VUE Scheduling |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite testing at Pearson VUE centers |
| Pre Condition: | No mandatory prerequisites; recommended experience with Oracle Financials Cloud Receivables implementation |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2021-implementation-essentials/pexam_1Z0-1056-21 |
Oracle 1Z0-1056-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Processing Customer Payments | 12% | - Process receipt exceptions and adjustments - Create and remit Bills Receivable - Configure Bill Management - Create and apply receipts |
| Topic 2: Configuring Common Receivables | 20% | - Configure integration with other applications - Configure and Import Customers - Configure Cash Management integration - Configure Receivables using Rapid Implementation - Configure Receivables system options - Configure Subledger Accounting - Configure Tax |
| Topic 3: Configuring Customer Payments | 15% | - Set up receipt classes and methods - Configure Lockbox processing - Manage Automatic Receipts and Funds Capture |
| Topic 4: Advanced Collections | 5% | - Configure Advanced Collections - Manage collections workbench - Set up scoring strategies |
| Topic 5: Reporting and Reconciliation | 8% | - Use OTBI and BIP reports - Perform Receivables to Ledger reconciliation - Analyze receivables information |
| Topic 6: Configuring Customer Billing | 22% | - Manage sales credits and resources - Manage AutoAccounting rules - Manage AutoInvoice process - Manage transaction types, sources, and memo lines - Configure revenue recognition |
| Topic 7: Managing Customer Billing | 18% | - Calculate transactional tax - Create and process standard transactions - Process credit memos and adjustments - Manage transaction printing and presentment |
1Z0-1056-21 Exam FAQ — Feel the Real Test
Through the vendor's official registration channels:
The Oracle Financials Cloud: Receivables 2021 Implementation Essentials is delivered Online proctored or onsite testing at Pearson VUE centers — pick the arrangement that suits you when booking.
The Oracle Financials Cloud: Receivables 2021 Implementation Essentials is Oracle's certification exam for Oracle Financials Cloud: Receivables 2021 Certified Implementation Specialist, at the Specialist level. Office workers without time for classes prepare best in spare time with focused material. Related credentials include Oracle Financials Cloud 2021 Implementation Professional.
Yes:
After any course, sharpen test ability with the 156 practice questions for the Oracle Financials Cloud: Receivables 2021 Implementation Essentials — every answer expert-verified.
USD 245 per attempt, 64% to pass. Retakes cost the full fee — realize your shortcomings early with the 156 practice questions for the 1Z0-1056-21 exam at ExamCost.
No mandatory prerequisites; recommended experience with Oracle Financials Cloud Receivables implementation Eligibility rules change over time, so verify the current requirements on the official page (official 1Z0-1056-21 exam page) before registering.
Upon successful payment, our system emails the Oracle Financials Cloud: Receivables 2021 Implementation Essentials test braindump automatically within about a minute, with 24/7 customer assisting if nothing arrives within 2 hours. If you fail the corresponding 1Z0-1056-21 exam within 60 days of purchase, we full refund you: send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam, processed within 7 days. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products. Or exchange for two equal-value products free.
90 minutes for 58 questions. The ExamCost Soft Test Engine lets you set test time and check accuracy — like the actual test, on any electronic equipment.
The Oracle Financials Cloud: Receivables 2021 Implementation Essentials blueprint spans 7 domains — including Processing Customer Payments (12%), Reporting and Reconciliation (8%), Configuring Customer Payments (15%). Daily checks keep our material aligned; the complete outline above lists every subtopic.
Yes — download the free demo of the Oracle Financials Cloud: Receivables 2021 Implementation Essentials test braindump before you buy. Purchases include one-year free updating service — 365 days by email; renew afterward at 50% off.
Oracle Financials Cloud: Receivables 2021 Implementation Essentials Sample Questions:
The Business Intelligence repository contains metadata that defines columns, which you can include in an analysis.
Which three types of columns are available when you create or edit an analysis? (Choose three.)
- A. Hierarchy
- B. Attribute
- C. Function
- D. Sum
- E. Fact
Correct Answer: A,B,E 🗳️
Your customer has three business units. The customer wants to share customer account addresses across these business units.
Which reference data set can be used to achieve this?
- A. Assign an enterprise reference data set to the business units, which share the account addresses.
- B. Assign a COMMON reference data set to the business units, which share the account addresses.
- C. Create a new reference data set for account addresses and assign it to the business units.
- D. Create a separate reference data set for each business unit and assign it to each unit.
Correct Answer: B 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
Your customer wants to retrieve values for the Line of Business segment based on Customer Class for the Revenue account.
Which option would you use to achieve this with the help of the Subledger Accounting solution?
- A. Mapping Set
- B. Supporting References
- C. Transaction References
- D. Description Rule
Correct Answer: B 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
A Billing Specialist creates an adjustment for an incorrect invoice that exceeds a user's approval limit.
What is the status of the adjustment?
- A. Pending Research
- B. Forwarded for Approval
- C. Pending Approval
- D. Approval Required
Correct Answer: C 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
Which minimum Customer setup is required to create a receivables transaction?
- A. one customer account and one customer site with a bill-to site business purpose
- B. one customer account without any customer site
- C. one customer account and one customer site with a ship-to site business purpose
- D. one customer account with two sites: one with a bill-to business purpose and the other with a ship-to business purpose
Correct Answer: A 🗳️
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