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Download Oracle : 1z0-1056-23 Questions & Answers as PDF & Test Software

Last Updated: Sep 11, 2026

No. of Questions: 34 Questions & Answers with Testing Engine

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There is no waiting for shipping or enrollment windows: once your order is placed, your 1z0-1056-23 practice questions arrive in your inbox within a minute. TestSimulate delivers the complete Oracle Financials Cloud: Receivables 2023 Implementation Professional package — 34 questions with answers — instantly, so studying can start today.

Oracle 1z0-1056-23 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: Receivables 2023 Implementation Professional
Exam Number:1Z0-1056-23
Certificate Validity Period:No expiration (subject to Oracle Cloud recertification policy)
Real Exam Qty:32-36
Related Certifications:Oracle Fusion Cloud Financials: Receivables and Collections 2025 Implementation Professional
Oracle Financials Cloud 2023 Implementation Professional
Exam Format:Multiple Choice, Hands-on Performance Based
Available Languages:English
Passing Score:68%
Exam Duration:90 minutes
Exam Price:$245 - $250 USD
Recommended Training:Oracle Financials Cloud: Receivables Implementation Training
Exam Registration:Pearson VUE
Oracle University
Sample Questions:Oracle 1z0-1056-23 Sample Questions
Exam Way:Online proctored or onsite at Pearson VUE authorized testing centers
Pre Condition:No mandatory prerequisites; Oracle recommends 6-12 months hands-on implementation experience and completion of relevant training
Official Syllabus URL:https://education.oracle.com/oracle-certification-path/pFamily_641

Oracle 1z0-1056-23 Exam Syllabus Topics:

SectionWeightObjectives
Configuring Customer Payments15%- Set Up Receipt Methods and Lockbox
- Configure Automatic Receipts and Funds Capture
Configuring Common Receivables20%- Configure and Import Customers
- Configure Tax and Subledger Accounting
- Configure Receivables Using Rapid Implementation
- Configure Cash Management and Application Integration
- Configure Receivables System Options
Reporting and Reconciliation3%- Perform Receivables Reconciliation
- Use OTBI and BI Publisher for Reporting
Processing Customer Payments12%- Create and Apply Receipts
- Process Bills Receivables and Remittances
- Resolve Receipt Exceptions
Configuring Customer Billing22%- Set Up Sales Credits and Revenue Recognition
- Define Transaction Types, Sources, Items and Memo Lines
- Manage AutoInvoice and AutoAccounting
Configuring Bill Management5%- Configure and Use Oracle Bill Management
Configuring and Using Advanced Collections5%- Set Up Collections Framework
- Define Scoring Strategies and Work Queues
Managing Customer Billing18%- Correct and Manage AutoInvoice Errors
- Calculate Tax and Print Transactions
- Create and Process Transactions

Oracle Financials Cloud: Receivables 2023 Implementation Professional FAQ: What Candidates Ask Most

The 1z0-1056-23 exam is the official Oracle exam behind Oracle Financials Cloud: Receivables 2023 Implementation Professional — passing it earns you the Oracle Financials Cloud: Receivables 2023 Implementation Professional certification, a credential positioned at the Professional level. It is built for candidates who want to validate the skills measured by Oracle Financials Cloud: Receivables 2023 Implementation Professional. Depending on your track, the exam is also linked to the Oracle Fusion Cloud Financials: Receivables and Collections 2025 Implementation Professional and Oracle Financials Cloud 2023 Implementation Professional certifications, so one pass can move you toward more than one Oracle credential.

The 1z0-1056-23 exam presents 32-36 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 1z0-1056-23 exam you need 68%, and the official registration fee is $245 - $250 USD. 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 mandatory prerequisites; Oracle recommends 6-12 months hands-on implementation experience and completion of relevant training 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 1z0-1056-23 exam is handled through the official channels below:

Delivery method: Online proctored or onsite at Pearson VUE authorized testing centers — pick the option that suits you best when booking your slot.

Oracle points Oracle Financials Cloud: Receivables 2023 Implementation Professional candidates toward the following official courses:

Official courses build the foundation; pairing them with the 34 1z0-1056-23 practice questions from TestSimulate turns that knowledge into exam-day readiness.

Yes. A free PDF demo of the 1z0-1056-23 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 2023 Implementation Professional 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.

Delivery is instant: your download is available right after payment, and a copy is emailed to you within one minute. If nothing arrives within 2 hours, check your spam folder and contact our support team. There is no limit on the number of computers you can install the software on.

The Oracle Financials Cloud: Receivables 2023 Implementation Professional syllabus is organized into 8 domains. Among the headline areas are Reporting and Reconciliation (3%), Configuring Customer Payments (15%), Processing Customer Payments (12%). 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 1z0-1056-23 practice questions so nothing on the blueprint catches you off guard.

Oracle Financials Cloud: Receivables 2023 Implementation Professional Sample Questions:

Question #1

Manage Aging Methods
Scenario
Your organization needs to create their own a-bucket aging method for reporting purposes.
Task
Create a new 4-bucket Aging Method in the Collections application, where:
* Name Of the aging method is XXAging Method (Replace XX with 03, which is your allocated User ID.)
* Aging method is accessible to all business units
* Aging buckets are 45 days apart
* Last bucket is 91 days

Answer:

See the explanation below for solution.
Explanation
* Log in to Oracle Financials Cloud.
* Click on the Aging Methods icon in the Receivables work area.
* Click on the Create button.
* In the Aging Method window, enter the following information:
* Name: XXAging Method (Replace XX with your allocated user ID.)
* Description: Custom aging method for reporting purposes.
* Aging Buckets:
* 1: 0 to 45 days
* 2: 46 to 90 days
* 3: 91 to 135 days
* 4: 136 to 180 days
* Last Bucket: 181 days
* Available to All Business Units: Yes
* Click on the Save button.
The new aging method will be created.

Question #2

it has been decided that when processing customer payments using lockbox one customer can pay for another customer's transaction.
Which two steps will help achieve this?

  • A. Define a netting agreement between the two customer accounts.
  • B. Define a relationship between the two customer accounts.
  • C. Define and share a cash pool bank account between the customers.
  • D. Define a business purpose of invoice to each customer address.
  • E. Select the Allow payment of unrelated transactions Receivables System Option.
Answer: B,E

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question #3

You created a new enterprise structure in the Cloud for a single country. In the structure, there are two legal entities: a single ledger and two business units (representing two warehouses, each owned by one of the legal entities). The tax regulations are common between the legal entities.
When assigning the tax regime to parties, what should you do to share all setup for Tax?

  • A. Assign the ledger to Global Configuration Owner.
  • B. Assign one legal entity to Global Configuration and one legal entity to Party Specific Configuration.
  • C. Assign one legal entity to Global Configuration and one business unit to First Party Configuration with Party Overrides.
  • D. Assign both business units to Global Configuration Owner.
  • E. Assign two business units to First Party Configuration with Party Overrides.
Answer: A

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question #4

Manage Balance Forward Billing Cycles and Payment Terms
Scenario
You are a consultant for a client who is implementing the Balance Forward Billing feature in Oracle Financials Cloud. You have been asked to define Balance Forward Billing Cycle as well as Balance Forward Billing Payment Terms so that your client can generate consolidated bills.
Task:
Create Balance Forward Billing Cycle, where:
* Name of the cycle is XXCycle (Replace XX with 03. which is your allocated user ID.)
* Bills are generated every day
* Cycle is effective as Of January 1,2023

Answer:

See the explanation below for solution.
Explanation
* Log in to Oracle Financials Cloud.
* Click on the Balance Forward Billing icon in the Receivables work area.
* Click on the Cycles tab.
* Click on the Create button.
* In the Balance Forward Billing Cycle window, enter the following information:
* Name: XXCycle (Replace XX with your allocated user ID.)
* Billing Frequency: Daily
* Effective Date: January 1, 2023
* Click on the Save button.
The new balance forward billing cycle will be created.
To create a Balance Forward Billing Payment Term:
* Click on the Payment Terms tab.
* Click on the Create button.
* In the Balance Forward Billing Payment Term window, enter the following information:
* Name: XXPaymentTerm (Replace XX with your allocated user ID.)
* Billing Cycle: XXCycle (The cycle that you created in the previous step.)
* Due Date: Next Business Day
* Overdue Days: 30
* Click on the Save button.
The new balance forward billing payment term will be created.

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