Stay informed without checking: once a latest version releases, GuideTorrent emails it to you — 156 practice questions for the 1Z0-1056-21 exam, plus 365 days of free updates on the Oracle Financials Cloud: Receivables 2021 Implementation Essentials set.
Oracle 1Z0-1056-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2021 Implementation Essentials |
| Exam Number: | 1Z0-1056-21 |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Passing Score: | 64% |
| Real Exam Qty: | 58 |
| Certificate Validity Period: | 18 months |
| Exam Format: | Multiple Choice, Multiple Select |
| Related Certifications: | Oracle Financials Cloud 2021 Implementation Professional |
| Exam Price: | USD 245 |
| 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 |
|---|---|---|
| Configuring Common Receivables | 20% | - Configure Subledger Accounting - Configure Receivables system options - Configure Tax - Configure and Import Customers - Configure integration with other applications - Configure Receivables using Rapid Implementation - Configure Cash Management integration |
| Processing Customer Payments | 12% | - Create and remit Bills Receivable - Process receipt exceptions and adjustments - Create and apply receipts - Configure Bill Management |
| Reporting and Reconciliation | 8% | - Analyze receivables information - Use OTBI and BIP reports - Perform Receivables to Ledger reconciliation |
| Configuring Customer Billing | 22% | - Manage AutoInvoice process - Manage sales credits and resources - Configure revenue recognition - Manage transaction types, sources, and memo lines - Manage AutoAccounting rules |
| Advanced Collections | 5% | - Manage collections workbench - Configure Advanced Collections - Set up scoring strategies |
| Managing Customer Billing | 18% | - Process credit memos and adjustments - Calculate transactional tax - Manage transaction printing and presentment - Create and process standard transactions |
| Configuring Customer Payments | 15% | - Set up receipt classes and methods - Configure Lockbox processing - Manage Automatic Receipts and Funds Capture |
1Z0-1056-21 Exam FAQ — Effective Preparation
Yes:
Courses build the foundation; then practice smartly with the 156 practice questions for the Oracle Financials Cloud: Receivables 2021 Implementation Essentials — every answer expert-verified.
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. It validates skills employers hire for, which is why it can affect your career and future. Related credentials include Oracle Financials Cloud 2021 Implementation Professional.
Files arrive by automatic email within a minute of payment — unlimited installations, and 24/7 customer assisting for any login or downloading issues if nothing shows up within 2 hours. If you fail the corresponding 1Z0-1056-21 exam within 60 days of purchase, you have options: a full refund (send a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; processed within 7 days), waiting for the next updated version free, or changing to two other equal-value dumps free. Excluded: exams within 3 days of purchase, candidate names that don't match the payer, and free or expired products.
No mandatory prerequisites; recommended experience with Oracle Financials Cloud Receivables implementation Vendors revise eligibility rules from time to time, so verify the current requirements on the official page (official 1Z0-1056-21 exam page) before booking.
The Oracle Financials Cloud: Receivables 2021 Implementation Essentials blueprint covers 7 domains — including Configuring Customer Billing (22%), Configuring Customer Payments (15%), Configuring Common Receivables (20%). The weightings tell you where to spend your hours; the complete outline above lists every subtopic.
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 — choose the arrangement that fits you when booking.
USD 245 per attempt, 64% to pass. A retake bills the full fee again, so prepare smartly: work through the 156 practice questions for the 1Z0-1056-21 exam at GuideTorrent before you book.
90 minutes for 58 questions. Efficient preparation includes pacing: rehearse timed sets until the clock feels manageable, not menacing.
Yes — download the free Oracle Financials Cloud: Receivables 2021 Implementation Essentials demo and judge the quality before paying. Purchases include 365 days of free updates, with each latest version emailed to you immediately; renew afterward at 50% off.
Oracle Financials Cloud: Receivables 2021 Implementation Essentials Sample Questions:
Given the default system options:
Which two instances are you required to select for the - require salesperson flag? (Choose two.)
- A. Revenue accounting is required
- B. Sales credit tracking is required
- C. FBDI Loader is required
- D. Auto-Invoicing is required
Correct Answer: A,B 🗳️
What are the three drilldown options available in the task pane for Receipt Remittance? (Choose three.)
- A. Create Automatic Receipts
- B. Create Receipt Remittance Batch
- C. Manage Receipt Remittance Batches
- D. Correct Funds Transfer Errors
- E. Lockbox Transmission History
Correct Answer: A,B,C 🗳️
To determine the best approach to converting a client's data, you must know which setup is set-enabled and can be shared.
Identify three set-enabled setups in Receivables. (Choose three.)
- A. Receivable Specialists
- B. Standard Memo Lines
- C. Revenue Types
- D. Revenue Contingencies
- E. Collectors
Correct Answer: B,C,D 🗳️
Upon approval of a remittance batch of type "Factored with Recourse," the Receivables application creates a receipt and establishes risk.
How does Receivables establish risk?
- A. by creating an on-account credit memo
- B. by recording an entry to the Remitted Bills Receivable account
- C. by generating a bills receivables adjustment
- D. by recording short-term debt
Correct Answer: C 🗳️
Which flexfields are required to be used by auto invoice to identify transactions and transaction lines, if you load the interface using a customized form?
- A. Line-level transaction flexfield, Header-level transaction flexfield
- B. Line-level transaction flexfield, Invoice transaction flexfield, Reference flexfield, Link to transaction flexfield
- C. Line-level transaction flexfield, Header-level transaction flexfield, Link to transaction flexfield
- D. Line-level transaction flexfield, Header-level transaction flexfield, Reference flexfield
Correct Answer: B 🗳️
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