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Oracle 1Z1-1056 exam is a valuable certification for professionals who work with Oracle Financials Cloud and want to demonstrate their expertise in implementing and maintaining the Receivables application. It is a challenging exam that requires a solid understanding of the application and related business processes, but passing it can open up new career opportunities and demonstrate a commitment to professional development.

Candidates who pass the Oracle 1Z1-1056 certification exam earn the Oracle Financials Cloud: Receivables 2019 Certified Implementation Specialist certification. Oracle Financials Cloud: Receivables 2019 Implementation Essentials certification validates the candidate's knowledge and proficiency in implementing Oracle Financials Cloud: Receivables in a business environment. Oracle Financials Cloud: Receivables 2019 Certified Implementation Specialist certification is a sure way to enhance your professional credentials and broaden your career prospects in the financial field.

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

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Oracle 1Z1-1056 exam, also known as the Oracle Financials Cloud: Receivables 2019 Implementation Essentials certification exam, is designed to measure the skills and knowledge required to work with Oracle Receivables Cloud. 1Z1-1056 exam is ideal for individuals who have experience in the fields of accounting or financial management and would like to validate their knowledge and skills with Oracle Cloud technology.

Oracle 1Z1-1056 Exam Syllabus Topics:

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