Oracle Financials Cloud: Receivables 2020 Implementation Essentials : 1Z0-1056-20

1Z0-1056-20 real exams

Exam Code: 1Z0-1056-20

Exam Name: Oracle Financials Cloud: Receivables 2020 Implementation Essentials

Updated: Aug 10, 2026

Q & A: 112 Questions and Answers

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Reference: https://education.oracle.com/oracle-financials-cloud-receivables-2020-implementation-essentials/pexam_1Z0-1056-20

Oracle 1Z0-1056-20 exam measures the candidates' knowledge and abilities to configure and manage Receivables to automate and streamline a company’s financial processes. These include setting up transaction types, customer profiles, receipt methods, and the cash application process. 1Z0-1056-20 exam focuses on Cloud Receivables modules and covers their configuration, reporting, and integration with other modules. Oracle Financials Cloud: Receivables 2020 Implementation Essentials certification validates the candidate's expertise in implementing and customizing the Receivables modules in Oracle Financials Cloud.

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Oracle 1Z0-1056-20 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Collections & Credit Management20%- Collections Configuration
  • 1. Deploy Delinquency & Collection Strategies
    • 2. Manage Disputes & Correspondence
      • 3. Use Collection Work Area
        - Adjustments & Write-Offs
        • 1. Process Adjustments & Credit Memos
          • 2. Perform Write-Offs & Late Charges
            • 3. Define Approval Limits
              Topic 2: Transactions & Billing20%- Transaction Configuration
              • 1. Calculate Transactional Tax
                • 2. Define Transaction Types & Sources
                  • 3. Set Up Items & Memo Lines
                    - Billing Processing
                    • 1. Manage Revenue Recognition
                      • 2. Process Billing Transactions
                        • 3. Describe Invoice Print & Presentment
                          Topic 3: Receipts & Cash Management25%- Advanced Receipt Functions
                          • 1. Perform Intercompany Reconciliation
                            • 2. Configure Lockbox & Bank Integration
                              • 3. Process Bills Receivable
                                - Receipt Processing
                                • 1. Manage Customer Refunds
                                  • 2. Implement Manual & Automatic Receipts
                                    • 3. Apply Receipts & Handle Exceptions
                                      Topic 4: Receivables Foundation & Setup25%- Customer Management
                                      • 1. Set Up Customer Self-Service
                                        • 2. Configure Customer Accounts
                                          • 3. Import Customer Data
                                            - Rapid Implementation Configuration
                                            • 1. Define System Options
                                              • 2. Manage Reference Data Sets
                                                • 3. Configure AutoAccounting
                                                  Topic 5: Reporting & Period Close10%- Reporting Tools
                                                  • 1. Analyze Receivables Balances
                                                    • 2. Use OTBI & BIP Reports
                                                      - Period End Procedures
                                                      • 1. Close Accounting Periods
                                                        • 2. Complete Receivables to Ledger Reconciliation

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