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Oracle 1Z0-1056-21 exam is designed for professionals who are interested in validating their skills and knowledge in implementing and managing Oracle Financials Cloud: Receivables 2021 solutions. 1Z0-1056-21 exam tests the candidate’s ability to configure, customize and manage the Receivables application within the Oracle Financials Cloud environment. It is an essential certification for those who are looking to advance their careers as Oracle Financials Cloud: Receivables professionals.

Oracle 1Z0-1056-21 exam covers a wide range of topics, including the setup and management of customers, invoices, receipts, and revenue management. It also covers the integration of Oracle Financials Cloud: Receivables 2021 with other Oracle Financials Cloud products. 1Z0-1056-21 exam consists of 60 multiple-choice questions, and candidates must score at least 63% to pass the exam.

The Oracle 1Z0-1056-21 exam tests the ability of a candidate to understand and implement the Oracle Cloud Receivables software. As such, candidates need to have a good foundation in Oracle Financials Cloud Receivables. Therefore, it is recommended that candidates first take the necessary courses to develop and expand their knowledge of Oracle Financials Cloud Receivables.

Reference: https://education.oracle.com/oracle-financials-cloud-receivables-2021-implementation-essentials/pexam_1Z0-1056-21

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Oracle 1Z0-1056-21 exam is designed for professionals who want to demonstrate their knowledge and skills in implementing Oracle Financials Cloud Receivables. 1Z0-1056-21 exam is part of the Oracle Certification Program and is intended for individuals who have a strong understanding of the Oracle Financials Cloud Receivables application.

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Oracle 1Z0-1056-21 Exam Syllabus Topics:

SectionWeightObjectives
Reporting and Reconciliation8%- Analyze receivables information
- Perform Receivables to Ledger reconciliation
- Use OTBI and BIP reports
Configuring Common Receivables20%- Configure and Import Customers
- Configure Cash Management integration
- Configure integration with other applications
- Configure Receivables system options
- Configure Subledger Accounting
- Configure Tax
- Configure Receivables using Rapid Implementation
Advanced Collections5%- Configure Advanced Collections
- Manage collections workbench
- Set up scoring strategies
Managing Customer Billing18%- Process credit memos and adjustments
- Create and process standard transactions
- Manage transaction printing and presentment
- Calculate transactional tax
Processing Customer Payments12%- Process receipt exceptions and adjustments
- Configure Bill Management
- Create and apply receipts
- Create and remit Bills Receivable
Configuring Customer Billing22%- Manage AutoAccounting rules
- Configure revenue recognition
- Manage sales credits and resources
- Manage transaction types, sources, and memo lines
- Manage AutoInvoice process
Configuring Customer Payments15%- Set up receipt classes and methods
- Manage Automatic Receipts and Funds Capture
- Configure Lockbox processing

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