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

1Z0-1056-20 real exams

Exam Code: 1Z0-1056-20

Exam Name: Oracle Financials Cloud: Receivables 2020 Implementation Essentials

Updated: Sep 06, 2026

Q & A: 112 Questions and Answers

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About Oracle 1Z0-1056-20 Exam

Oracle 1Z0-1056-20 certification exam is an excellent opportunity for professionals who want to become experts in implementing Oracle Financials Cloud: Receivables 2020. By passing 1Z0-1056-20 exam, you can demonstrate your knowledge and skills in this area, and enhance your career prospects. So, if you are interested in pursuing a career in this field, you should consider taking 1Z0-1056-20 exam.

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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.

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

Oracle 1Z0-1056-20 exam consists of 60 multiple-choice questions that must be completed within 105 minutes. Candidates are required to score at least 66% to pass the exam. 1Z0-1056-20 exam covers a wide range of topics related to Oracle Financials Cloud, including accounts receivable processes, transactions, cash management, revenue management, collections management, customer management, and reporting.

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Oracle 1Z0-1056-20 Exam Syllabus Topics:

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

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