Oracle 1Z1-1056

A Oracle credential still carries real weight with hiring managers, and the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam is your way in. Dumpkiller gives you 110 practice questions so you can walk into the 1Z1-1056 testing center with confidence.

Oracle 1Z1-1056 Exam Overview:

Oracle 1Z1-1056 Exam Syllabus Topics:

What Candidates Ask About the Oracle 1Z1-1056 Exam

Can you give me an overview of the 1Z1-1056 exam?

The Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam (code: 1Z1-1056) is the official Oracle exam that leads to the Oracle Financials Cloud certification. It sits at the Professional level of the Oracle certification track. It is also connected with related credentials such as Oracle Financials Cloud Receivables 2019 Certified Implementation Specialist. Passing it proves to employers that your skills have been validated by Oracle itself, which is why the 1Z1-1056 credential keeps showing up in job postings.

How many questions are in the 1Z1-1056 exam, and how long does it take?

The Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam gives you 120 minutes to work through 60. Pacing matters more than most candidates expect, so before exam day, run at least one full timed session in the Dumpkiller test engine to learn how long you can afford per question. If an item stalls you, flag it and move on — coming back later beats burning five minutes on a single question.

What score do I need to pass the 1Z1-1056 exam, and how much does it cost?

The passing score for the Oracle Financials Cloud: Receivables 2019 Implementation Essentials exam is 62%, and the official registration fee is USD 245. Remember that a failed attempt means paying that fee in full again, so a timed self-assessment with Dumpkiller practice questions about a week before your exam date is a cheap way to confirm you are scoring comfortably above 62%.

Are there any prerequisites for the 1Z1-1056 exam?

According to Oracle, the following applies: Oracle recommends knowledge of Oracle Financials Cloud and implementation experience. No mandatory prerequisite exam required.. Certification policies do change from time to time, so confirm the latest requirements on the official exam page at https://education.oracle.com/oracle-financials-cloud-receivables-2019-implementation-essentials/pexam_1Z0-1056 before you register.

Can I try the 1Z1-1056 practice questions before buying?

Yes. Dumpkiller offers a free 1Z1-1056 PDF demo so you can review the question style, difficulty, and explanations before committing to anything. After purchase, your Oracle Financials Cloud: Receivables 2019 Implementation Essentials material includes 365 days of free updates, and if your product expires after that, you can extend the update service at a 50% discount from your member zone.

What happens if I do not pass the 1Z1-1056 exam, and how is my order delivered?

If you take the corresponding 1Z1-1056 exam within 60 days of your purchase and do not pass, you can apply for a full refund under our 100% Money Back Guarantee, subject to a few conditions: the failed exam must be the one matching your purchase; sitting the exam within 3 days of purchase does not qualify, since that leaves too little preparation time; downloading the material without actually taking the exam does not qualify; free materials and expired orders are excluded; and the candidate name must match the payer name. To apply, send a scanned copy of your enrollment slip together with your official Score Report (PDF) within 2 days after the exam, and claims are processed within 7 days. If you would rather not take a refund, you can exchange your purchase for two free products of equal value while keeping the update service on the product you originally bought. As for delivery, everything is an instant download: your products are sent to your email within one minute of payment — contact customer service if nothing arrives within 2 hours — and there is no limit on the number of computers you can install the software on.

What topics are covered in the 1Z1-1056 exam?

The official Oracle Financials Cloud: Receivables 2019 Implementation Essentials syllabus is organized into 5 main domains. The first three are Receipts and Collections (20%), Receivables Configuration (30%), and Enterprise Structure and Financial Setup (10%). For the full domain-by-domain breakdown, see the complete Exam Topics outline above.

Oracle Financials Cloud: Receivables 2019 Implementation Essentials Sample Questions:

Question #1
Your customer wants to override the calculated tax line amount for their receivable transaction.
What steps should the customer perform to ensure that only one of their employees has this privilege?

A. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.
B. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role.
C. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.
D. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager <Business Unit>" data role to the employee.
E. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager <Business Unit>" data role.

Question #2
You are trying to migrate the Subledger Accounting setup by using the Export and Import functionality in the Setup and Maintenance work area. The import process, however, returns errors. Identify two reasons for the import failure.

A. an inactive Mapping Set
B. an inactive Accounting Method
C. an inactive Journal Entry Rule Set
D. an inactive Journal Line Type

Question #3
One of the customers pays its bills electronically from their bank account (Direct debit).
Which process do you need to run in Receivables to initiate the transfer of funds from their bank account to your organization's bank account?

A. Lockbox Process
B. Remittance Process
C. Automatic Receipt Process
D. Clear Receipts Automatically Process

Question #4
If AutoAccounting is set to derive accounting segments based on a standard line, the transaction line must be either ________________ or ________________. Otherwise, AutoAccounting cannot derive a valid account code combination for revenue recognition.
Identify the two values. (Choose two.)

A. a standard memo line
B. a credit memo line
C. a purchasing item
D. a debit memo line
E. an inventory item

Question #5
Which three receipts can be automatically applied by a system? (Choose three.)

A. receipts created in a lockbox and uploaded
B. miscellaneous receipts
C. receipts that are manually created
D. receipts that are unapplied
E. receipts created in a spreadsheet and uploaded

Solutions: