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Oracle 1Z1-1056 is a certification exam that validates the knowledge and skills of individuals who are responsible for implementing Oracle Financials Cloud: Receivables. 1Z1-1056 exam is designed to measure the candidates' aptitude in the areas of invoicing, receipt management, customer setup, and billing configuration. Oracle 1Z1-1056 certification exam is intended for those who want to become professionals in the field of finance and receivables.

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Oracle 1Z1-1056 exam has a clear-cut structure that consists of multiple-choice questions, covering a variety of topics such as the implementation of various aspects of Financials Cloud Receivables, creating and managing customers, payment processing, and much more. Candidates who pass the exam will have expertise in terms of configuration, installation, and implementation of Oracle Financials Cloud Receivables 2019.

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

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Oracle 1Z1-1056 Exam Syllabus Topics:

SectionWeightObjectives
Billing and Revenue Management25%- Define transaction types and sources
- Process invoices, credit memos, and adjustments
- Manage balance forward and recurring billing
- Configure AutoInvoice and AutoAccounting
- Set up revenue recognition rules
Collections and Credit Management15%- Set up collection strategies and scoring
- Manage delinquencies and disputes
- Configure Advanced Collections
- Define credit limits and review processes
Receipts and Cash Management25%- Process receipt exceptions and corrections
- Create and apply customer receipts
- Manage bills receivable and remittances
- Configure Lockbox and Automatic Receipts
- Reconcile receipts to ledgers
General Receivables Setup25%- Set up transaction taxes and subledger accounting
- Define system options and common configurations
- Configure Receivables using Rapid Implementation
- Configure reference data sets and calendars
- Manage customer accounts and import processes
Reporting and Period Close10%- Manage accounting periods and close process
- Analyze Receivables balances and aging
- Perform Receivables to Ledger reconciliation
- Generate OTBI and BIP reports

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