Tight on time before your 1Z0-1056-21 exam? CertkingdomPDF packs 156 focused practice questions for the Oracle Financials Cloud: Receivables 2021 Implementation Essentials exam into one download, so every study hour goes straight to what matters. Many candidates are exam-ready in weeks, not months.
Oracle 1Z0-1056-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Receivables Setup and Configuration | - Customer and Account Management
|
| Topic 2: Accounting and Close Processes | - Period Close Activities
|
| Topic 3: Transaction Processing | - Invoice Management
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| Topic 4: Reporting and Compliance | - Tax and Compliance
|
| Topic 5: Receipts and Payments | - Lockbox and Bank Integration
|
Oracle Financials Cloud: Receivables 2021 Implementation Essentials Exam FAQs and Straight Answers
The 1Z0-1056-21 exam, officially titled Oracle Financials Cloud: Receivables 2021 Implementation Essentials, is the qualifying test for the Oracle Financials Cloud: Receivables 2021 Implementation Essentials certification from Oracle, a credential at the Professional level. Passing it proves you have the skills employers look for in certified professionals, and it can also support progress toward related credentials such as Oracle Financials Cloud Certification, Oracle ERP Cloud Financials Certification.
The Oracle Financials Cloud: Receivables 2021 Implementation Essentials exam gives you 105 minutes to work through 55-65 questions. That is a steady pace with little room for second-guessing, so train yourself to read each question once, flag the difficult ones, and keep moving. Before exam day, sit at least two full timed sessions in the CertkingdomPDF test engine — when the clock feels familiar, it stops being a threat.
You need ~65% to pass, and the official registration fee is USD 245. Fall short and you pay that fee in full again for every retake, which makes solid preparation the cheaper option by far. Work through the CertkingdomPDF practice questions until you score comfortably above the passing mark, then book your seat.
No formal prerequisite required, but Oracle recommends familiarity with Oracle Financials Cloud and basic accounting knowledge. Eligibility rules can change over time, so before you register, confirm the latest requirements on the official exam page: Oracle 1Z0-1056-21 exam overview.
You can book your 1Z0-1056-21 exam through any of these official registration channels:
The exam is delivered as Online proctored or test center (Oracle Pearson VUE delivery), so you can pick the option that fits your schedule when you book.
Oracle recommends the following training for Oracle Financials Cloud: Receivables 2021 Implementation Essentials candidates:
Pair that training with the 156 practice questions from CertkingdomPDF and you can check your readiness topic by topic before exam day.
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The Oracle Financials Cloud: Receivables 2021 Implementation Essentials syllabus is organized into 5 domains. The main areas include Accounting and Close Processes, Receipts and Payments, and Receivables Setup and Configuration. Scroll up to the Exam Topics section above for the complete, current outline before you plan your study schedule.
Oracle Financials Cloud: Receivables 2021 Implementation Essentials Sample Questions:
Given the default system options:
Which two instances are you required to select for the - require salesperson flag? (Choose two.)
- A. Sales credit tracking is required
- B. Auto-Invoicing is required
- C. Revenue accounting is required
- D. FBDI Loader is required
Correct Answer: A,C 🗳️
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?
- A. transactions that have the selected payment terms
- B. transactions have a Bill Type of Imported
- C. transactions that have the Print Option set to Do Not Print
- D. transactions that were included in a previous Balance Forward Bill
Correct Answer: A 🗳️
Explanation: Only visible for CertkingdomPDF members. You can sign-up / login (it's free).
Your Cloud client has decided to use Channel Revenue Management Integration with Receivables for Claim creation and Settlements created by Spreadsheet or SOAP services.
Which three setup steps are predefined for this feature? (Choose three.)
- A. predefined Channel Revenue Management transaction source
- B. predefined Subledger Journal Entry Rule for the Event Class Receipt and Accounting Class Claim Investigation
- C. predefined Channel Revenue Management auto accounting type
- D. predefined Channel Revenue Management transaction type
- E. predefined Claim Investigation activity type under Receivables Activities
Correct Answer: A,B,E 🗳️
You are explaining the benefits of using Bill Management as a self-service electronic bill presentment solution to an existing customer.
Which feature is not supported in Bill Management?
- A. Reviewing customer account balances
- B. Managing disputes
- C. Managing unapplied payments
- D. Managing credit memos
- E. Making payments by using a credit card or the bank account
Correct Answer: E 🗳️
A customer calls the Accounts Receivables department and asks for the balance of all invoices that are due in the next 30 days. The customer also has a question about a specific invoice line.
As a Billing Specialist, which action would you take?
- A. Search for open invoices on the Manage Transaction search page.
- B. Apply, reverse, or process the receipt.
- C. Create an open debit memo.
- D. Search for the information in the Review Customer Account Details user interface.
Correct Answer: D 🗳️
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