1Z1-1056 Q&A - in .pdf

  • 1Z1-1056 pdf
  • Exam Code: 1Z1-1056
  • Exam Name: Oracle Financials Cloud: Receivables 2019 Implementation Essentials
  • Updated: Sep 23, 2026
  • Q & A: 110 Questions and Answers
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  • 1Z1-1056 Testing Engine
  • Exam Code: 1Z1-1056
  • Exam Name: Oracle Financials Cloud: Receivables 2019 Implementation Essentials
  • Updated: Sep 23, 2026
  • Q & A: 110 Questions and Answers
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The pass rate for the 1Z1-1056 exam is genuinely low, and many candidates need two or three attempts — each one costing another registration fee and more weeks of study. In 2026, preparing thoroughly for one focused attempt with the Oracle Financials Cloud: Receivables 2019 Implementation Essentials question bank at PracticeDump is simply the cheaper strategy.

Oracle 1Z1-1056 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: Receivables 2019 Implementation Essentials
Exam Number:1Z0-1056-19
Exam Format:Scenario-based Questions, Multiple Choice, Multiple Response
Exam Duration:120 minutes
Certificate Validity Period:Typically 18–24 months or until next major product update (varies by Oracle certification policy)
Available Languages:English, Simplified Chinese, Japanese
Related Certifications:Oracle Financials Cloud: General Ledger Implementation Essentials
Oracle Financials Cloud Implementation Specialist
Oracle Financials Cloud: Payables Implementation Essentials
Exam Price:$245 USD (may vary by region)
Real Exam Qty:Approximately 55–75 questions
Passing Score:Approximately 65% (scaled score, subject to Oracle updates)
Recommended Training:Oracle Financials Cloud Learning Path
Oracle University Financials Cloud Training
Exam Registration:Oracle Certification Registration
Pearson VUE Oracle Exams
Sample Questions:1Z1-1056 Practice Dumps
Exam Way:Online proctored or authorized test center delivery via Pearson VUE
Pre Condition:Basic knowledge of Oracle Financials Cloud concepts and accounting principles is recommended; no mandatory prerequisite exam required
Official Syllabus URL:https://education.oracle.com

Oracle 1Z1-1056 Exam Syllabus Topics:

SectionObjectives
Transaction Processing- Revenue and accounting entries
  • 1. Accounting rules and distribution
    • 2. Subledger accounting integration
      - Invoicing and billing
      • 1. Manual and automated invoice creation
        • 2. Credit memos and adjustments
          Receivables Setup and Configuration- Enterprise structure and setup prerequisites
          • 1. Business units and ledger configuration
            • 2. Receivables system options and setups
              - Customer setup and maintenance
              • 1. Site and account relationship management
                • 2. Customer accounts and profiles
                  Reporting and Integration- Integration with other modules
                  • 1. General Ledger integration
                    • 2. Order Management and Billing integration
                      - Standard reporting
                      • 1. Transaction and receipt reporting
                        • 2. Receivables aging reports
                          Collections and Credit Management- Collections strategies
                          • 1. Dunning letters and strategies
                            • 2. Worklists and collector assignments
                              - Credit management configuration
                              • 1. Risk management rules
                                • 2. Credit limits and scoring
                                  Receipts and Cash Management- Receipt creation and application
                                  • 1. Receipt application and unapplied cash
                                    • 2. Manual and automatic receipts
                                      - Banking and reconciliation
                                      • 1. Cash application rules
                                        • 2. Bank statement reconciliation

                                          1Z1-1056 Exam FAQ: Content, Service, and Privacy

                                          Currency is maintained daily, not occasionally. Our IT staff reviews and updates the Oracle Financials Cloud: Receivables 2019 Implementation Essentials question bank every day to keep it aligned with the live 1Z1-1056 exam. If a revision is underway when you buy or during your update period, we notify you and send the updated version as soon as it is ready — free within your 365 days of updates. You will never be left studying a stale edition without knowing it.

                                          The 1Z1-1056 exam is the official assessment behind the Oracle Financials Cloud: Receivables 2019 Implementation Essentials certification from Oracle, and its pass rate is genuinely low — many candidates need two or three attempts to get through. The difficulty is real, but it is also manageable: candidates who prepare with material aligned to the published objectives give themselves a far better starting position than those who walk in underprepared.

                                          Registration for the 1Z1-1056 exam runs through these official channels:

                                          Given how commonly this exam takes more than one attempt, schedule your sitting only when your practice results say you are ready.

                                          The official outline divides the 1Z1-1056 exam into weighted domains, including:

                                          • Reporting and Integration ()
                                          • Collections and Credit Management ()
                                          • Receipts and Cash Management ()

                                          The Oracle Financials Cloud: Receivables 2019 Implementation Essentials question bank at PracticeDump is updated daily against these same objectives, and the free practice test lets you sample that alignment yourself.

                                          Oracle recommends these training resources for candidates:

                                          Official training builds the foundation; a daily-reviewed practice bank with expert-verified answers builds the exam-day readiness. Use both.

                                          Only while you want us to. Update notifications about the Oracle Financials Cloud: Receivables 2019 Implementation Essentials materials are sent because they are useful; once you have passed the 1Z1-1056 exam, one email to our team opts you out completely — no junk mail, ever. Your personal information is kept secret and safe throughout, and never shared with third parties.

                                          Passing the 1Z1-1056 exam requires Approximately 65% (scaled score, subject to Oracle updates), and registration costs $245 USD (may vary by region) — per attempt. With retakes so common on this exam, preparing properly for one focused attempt is the choice that protects your budget.

                                          The 1Z1-1056 exam contains Approximately 55–75 questions questions with 120 minutes minutes to complete them. Practicing under the same time limit is the reliable way to make exam-day pacing feel familiar rather than frantic.

                                          Basic knowledge of Oracle Financials Cloud concepts and accounting principles is recommended; no mandatory prerequisite exam required

                                          Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:

                                          Question #1

                                          Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?

                                          • A. transactions that were included in a previous Balance Forward Bill
                                          • B. transactions that have the selected payment terms
                                          • C. transactions that have the Print Option set to Do Not Print
                                          • D. transactions have a Bill Type of Imported
                                          Reveal Solution  Discussion  0

                                          Correct Answer: B  🗳️

                                          Question #2

                                          A Billing Specialist has created and completed an invoice for $100 USD for Customer A.
                                          The Specialist prints the invoice and realizes that the invoice should have been created for Customer B.
                                          The accounting for the transaction for Customer A is posted to the General Ledger.
                                          How can this be corrected?

                                          • A. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
                                          • B. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.
                                          • C. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
                                          • D. Change the status of the invoice to Incomplete and enter a new invoice for Customer B.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          Question #3

                                          There are a few customers that you do not want to send dunning letters to.
                                          How would you exclude these customers from dunning?

                                          • A. Disable Send Dunning Letter in Transaction Source Type.
                                          • B. Disable Send Dunning Letter in Collections Preferences.
                                          • C. Disable Send Dunning Letter in Transaction Type.
                                          • D. Disable Send Dunning Letter on the Correspondence tab.
                                          • E. Disable Send Dunning Letter on the Profile tab.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: E  🗳️

                                          Question #4

                                          Which three benefits do intercompany reconciliation reports provide to an accountant?

                                          • A. Displaying intercompany receivables and payables balancing lines.
                                          • B. Comparing receivables and payables account balances and identifying discrepancies.
                                          • C. Displaying clearing company balancing lines.
                                          • D. Identifying transaction portions (either receiver or provider side) that have not posted to General Ledger.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A,B,D  🗳️

                                          Question #5

                                          You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the
                                          $500 USD to the item line and $0 USD to tax.
                                          How would you achieve this?

                                          • A. Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.
                                          • B. Set the credit classification revenue recognition policy to look for Line First and Tax Later.
                                          • C. Set the payment terms revenue recognition policy to look for Line First and Tax Later.
                                          • D. Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.
                                          • E. Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A  🗳️

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