Last Updated: Sep 07, 2026
No. of Questions: 110 Questions & Answers with Testing Engine
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If your test date is circled on the calendar and study hours are scarce, the Oracle Financials Cloud: Receivables 2019 Implementation Essentials practice questions from TestSimulate give you a focused route through the material. Every one of the 110 questions in the 1Z1-1056 package targets what the exam actually measures, so each minute of prep counts.
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056 |
| Related Certifications: | Oracle Financials Cloud Implementation Specialist Oracle Fusion Cloud Financials Receivables Implementation Professional |
| Exam Duration: | 90 minutes |
| Exam Price: | USD $245 |
| Real Exam Qty: | 55-60 |
| Available Languages: | Japanese, French, German, Spanish, Brazilian Portuguese, English |
| Exam Format: | Multiple Select, Multiple Choice |
| Passing Score: | 68% |
| Certificate Validity Period: | Does not expire |
| Recommended Training: | Oracle Financials Cloud: Implement Receivables Credit to Cash Oracle University Learning Subscription |
| Exam Registration: | Pearson VUE Scheduling Oracle Education Registration |
| Sample Questions: | Oracle 1Z1-1056 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 |
|---|---|---|
| Topic 1: Receipts and Cash Management | 25% | - Manage bills receivable and remittances - Create and apply customer receipts - Reconcile receipts to ledgers - Process receipt exceptions and corrections - Configure Lockbox and Automatic Receipts |
| Topic 2: General Receivables Setup | 25% | - Manage customer accounts and import processes - Configure reference data sets and calendars - Set up transaction taxes and subledger accounting - Configure Receivables using Rapid Implementation - Define system options and common configurations |
| Topic 3: Billing and Revenue Management | 25% | - Manage balance forward and recurring billing - Define transaction types and sources - Set up revenue recognition rules - Configure AutoInvoice and AutoAccounting - Process invoices, credit memos, and adjustments |
| Topic 4: Collections and Credit Management | 15% | - Define credit limits and review processes - Set up collection strategies and scoring - Configure Advanced Collections - Manage delinquencies and disputes |
| Topic 5: Reporting and Period Close | 10% | - Perform Receivables to Ledger reconciliation - Analyze Receivables balances and aging - Generate OTBI and BIP reports - Manage accounting periods and close process |
The 1Z1-1056 exam is the official Oracle exam behind Oracle Financials Cloud: Receivables 2019 Implementation Essentials — passing it earns you the Oracle Financials Cloud: Receivables 2019 Certified Implementation Specialist certification, a credential positioned at the Specialist level. It is built for candidates who want to validate the skills measured by Oracle Financials Cloud: Receivables 2019 Implementation Essentials. Depending on your track, the exam is also linked to the Oracle Financials Cloud Implementation Specialist and Oracle Fusion Cloud Financials Receivables Implementation Professional certifications, so one pass can move you toward more than one Oracle credential.
The 1Z1-1056 exam presents 55-60 questions to be completed within 90 minutes. That pace leaves little room for second-guessing: read each question carefully on the first pass, flag the ones you want to revisit, and keep moving instead of stalling on a single item. Before exam day, run at least one full timed session in the TestSimulate desktop or online test engine with a comparable question load — a steady rhythm under the clock is a trainable skill, and it is often what separates a pass from a near miss.
To pass the 1Z1-1056 exam you need 68%, and the official registration fee is USD $245. Keep in mind that a failed attempt means paying that fee again in full — retakes are not discounted. Given the cost, self-test before you book: if you can score comfortably above the passing mark on two or three consecutive timed TestSimulate practice tests, your budget is far better spent on the exam itself than on a retake.
No formal prerequisites; recommended 6+ months hands-on implementation experience with Oracle Financials Cloud Because Oracle revises its certification programs from time to time, treat this as a starting point rather than the final word. Confirm the current eligibility requirements on the official Oracle exam page before you register.
Registration for the 1Z1-1056 exam is handled through the official channels below:
Delivery method: Online proctored or onsite at Pearson VUE test centers — pick the option that suits you best when booking your slot.
Oracle points Oracle Financials Cloud: Receivables 2019 Implementation Essentials candidates toward the following official courses:
Official courses build the foundation; pairing them with the 110 1Z1-1056 practice questions from TestSimulate turns that knowledge into exam-day readiness.
Yes. A free PDF demo of the 1Z1-1056 practice questions is available, so you can check the question style and answer quality before spending anything. Every purchase also includes 365 days of free updates — whenever Oracle adjusts the Oracle Financials Cloud: Receivables 2019 Implementation Essentials blueprint, your material is refreshed at no cost during that period. After the first year, you can extend the update service at a 50% discount from your member zone.
TestSimulate backs your purchase with a 100% Money Back Guarantee. If you take the corresponding exam within 60 days of purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip together with the official Score Report PDF within 2 days of your exam date; approved claims are processed within 7 days. The guarantee applies only to the exam matching your purchase, the candidate name must match the payer name, and it does not cover attempts taken within 3 days of purchase, candidates who downloaded the material but never sat the exam, expired orders, or free materials. If you would rather keep preparing, you can exchange the product for two free exam preparation packages of equal value and keep the update service on your original purchase.
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The Oracle Financials Cloud: Receivables 2019 Implementation Essentials syllabus is organized into 5 domains. Among the headline areas are General Receivables Setup (25%), Collections and Credit Management (15%), Receipts and Cash Management (25%). Rather than copying every subtopic here, we keep the complete, current outline in the Exam Topics section above — work through it domain by domain with the TestSimulate 1Z1-1056 practice questions so nothing on the blueprint catches you off guard.
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?
In which two ways would you configure Satisfaction Method (SM) and Satisfaction Measurement Model (SMM) in Revenue Management to recognize revenue for performance obligations over time? (Choose two.)
Which four output file types are available when you run the "Print Receivables Transactions" program?
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)
Your client's legacy system uses a hierarchical parent/child relationship to organize customer information because a single customer may have more than one bank account or payment method.
Does this prevent you from using the Oracle Fusion Trading Community Model Data Import program?
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