As 2026 continues, Prep4pass keeps its 1Z1-1056 commitments simple — verified answers in the Oracle Financials Cloud: Receivables 2019 Implementation Essentials bank, 365 days of free updates, 110 practice questions for the 1Z1-1056 exam, and support that works through weekends and official holidays alike.
Oracle 1Z1-1056 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1056 |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Related Certifications: | Oracle Financials Cloud Receivables 2019 Certified Implementation Specialist |
| Exam Format: | Multiple Choice |
| Passing Score: | 62% |
| Exam Duration: | 120 minutes |
| Exam Price: | USD 245 |
| Sample Questions: |  |
| Exam Way: | Pearson VUE testing center or Oracle online proctored exam delivery. |
| Pre Condition: | Oracle recommends knowledge of Oracle Financials Cloud and implementation experience. No mandatory prerequisite exam required. |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2019-implementation-essentials/pexam_1Z0-1056 |
Oracle 1Z1-1056 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Transactions Processing | 20% | - Manage receivables transactions
|
| Receipts and Collections | 20% | - Manage receipt lifecycle
|
| Receivables Configuration | 30% | - Implement receivables setup
|
| Enterprise Structure and Financial Setup | 10% | - Configure enterprise structures
|
| Period Close and Reporting | 20% | - Perform close and reporting activities
|
Oracle Financials Cloud: Receivables 2019 Implementation Essentials Details Every Buyer Should Read
Do not worry — it happens more often than you might think, and Prep4pass will exchange the product for the correct exam one time at no charge. To avoid the mix-up entirely, double-check the code on your registration confirmation before paying, and use the free demo to confirm the Oracle Financials Cloud: Receivables 2019 Implementation Essentials material matches the exam you actually booked. Either way, support sorts it out quickly.
About 60 questions in 120 minutes minutes. The Prep4pass software version recreates that scene for unlimited rehearsal, and 110 practice questions for the 1Z1-1056 exam give you plenty of material to run through it.
The official Oracle Financials Cloud: Receivables 2019 Implementation Essentials outline weights its topics like this:
- Enterprise Structure and Financial Setup (10%)
- Period Close and Reporting (20%)
- Receipts and Collections (20%)
Because time is the one resource you cannot buy back. An early start lets the 1Z1-1056 material breathe: a first pass through the Oracle Financials Cloud: Receivables 2019 Implementation Essentials bank to map the territory, timed simulations to build pace, and a calm final review instead of a desperate cram. It also means every update released during your preparation reaches you automatically, so you always study the latest version. Earlier really is easier.
Oracle recommends knowledge of Oracle Financials Cloud and implementation experience. No mandatory prerequisite exam required.
The passing mark is 62% and the exam fee is USD 245. Since retakes charge that fee again, thorough preparation with verified Prep4pass material is money well spent.
Because the safety nets are real: 110 practice questions for the 1Z1-1056 exam with verified answers, a free demo before you pay, a one-time exchange if you pick the wrong exam code, updates sent to you the moment they release for 365 days, support that answers within about three hours even on official holidays, and a conditional refund policy behind it all. Preparation stays calm when the logistics take care of themselves.
Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:
Question #1
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)
- A. It is not recommended to print transactions and balance forward bills directly from BI Publisher.
- B. If you have printed a transaction, the View Print button will not display a preview of the print.
- C. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
- D. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.
- E. If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.
Correct Answer: C,D,E 🗳️
Question #2
Which is NOT a valid Infotile in the Accounts Receivables Work Area?
- A. Lockbox Exceptions
- B. Unidentified Receipts
- C. Unapplied Receipts
- D. Unapplied Credits
- E. Receipt Batches
Correct Answer: B 🗳️
Question #3
You have created two transactions with a 30-day payment term. The first transaction is on January 29, 2015 and the second transaction is on January 31, 2015. The invoice date is the same as the system date. Both transactions are assigned an unsigned receipt method that has the lead days set to 60, number of bills receivable rule set to one per customer, and the bills receivable maturity date rule set to latest.
Which statement is true when the create bills receivable batch is processed for a customer on January 31,
2015?
- A. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as February
28, 2015. - B. Two Bills Receivable transactions are created with the issue date and accounting date as January 29,
2015 and January 31, 2015, respectively. - C. Two Bills Receivable transactions are created with maturity dates as March 30, 2015 and April 1, 2015.
- D. Two Bills Receivable transactions are created with the issue dates as January 29, 2015 and January 31,
2015. - E. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 30,
2015. - F. A Bills Receivable is created with the issue date as January 31, 2015 and the maturity date as March 2,
2015.
Correct Answer: C 🗳️
Question #4
If the Contract Identification Rules that you defined for your customer did not group the source data into customer contracts as expected, how would you resolve the issue?
- A. Delete the source data that was imported into Revenue Management and import new source data.
- B. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
- C. Delete Contracts from the Manage Customer Contracts UI.
- D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.
- E. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again.
Correct Answer: E 🗳️
Explanation: Only visible for Prep4pass members. You can sign-up / login (it's free).
Question #5
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?
- A. scheduled processes
- B. customer contact information
- C. system privileges
- D. user application privileges
- E. the employees who are involved with the collections process and how the collectors will be assigned
Correct Answer: E 🗳️
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