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To pass the Oracle 1Z1-1056 certification exam, candidates must demonstrate their ability to set up and configure the Oracle Financials Cloud: Receivables 2019 software. They must also be able to manage customer accounts, create transactions, and manage disputes and collections. Additionally, candidates must be well-versed in the software's reporting and analytics features, as well as its integration with other Oracle Cloud products.

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Passing the Oracle 1Z1-1056 exam is an excellent way to demonstrate your expertise in Oracle Financials Cloud: Receivables implementation and boost your career prospects. Certified professionals are highly valued by employers and can command higher salaries and more significant opportunities for career advancement.

Reference: https://education.oracle.com/oracle-financials-cloud-receivables-2019-implementation-essentials/pexam_1Z0-1056

Oracle 1Z1-1056 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Enterprise Structure and Financial Setup10%- Configure enterprise structures
  • 1. Ledger and accounting configuration
  • 2. Business units and legal entities
Topic 2: Period Close and Reporting20%- Perform close and reporting activities
  • 1. Receivables reporting
  • 2. Period close process
  • 3. Reconciliation and analysis
Topic 3: Receivables Configuration30%- Implement receivables setup
  • 1. Receipt classes and methods
  • 2. Receivables system options
  • 3. Customer profile classes
  • 4. Transaction types
Topic 4: Transactions Processing20%- Manage receivables transactions
  • 1. Invoices, debit memos, and credit memos
  • 2. AutoInvoice processing
  • 3. Transaction accounting
Topic 5: Receipts and Collections20%- Manage receipt lifecycle
  • 1. Receipt entry and application
  • 2. Lockbox processing
  • 3. Collections management
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