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| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2021 Implementation Essentials |
| Exam Number: | 1Z0-1056-21 |
| Available Languages: | English |
| Exam Format: | Multiple Select, Multiple Choice |
| Passing Score: | 64% |
| Certificate Validity Period: | 18 months |
| Related Certifications: | Oracle Financials Cloud 2021 Implementation Professional |
| Exam Price: | USD 245 |
| Real Exam Qty: | 58 |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Financials Cloud: Receivables 2021 Implementation Training |
| Exam Registration: | Oracle Education Registration Pearson VUE Scheduling |
| Sample Questions: | ![]() |
| Exam Way: | Online proctored or onsite testing at Pearson VUE centers |
| Pre Condition: | No mandatory prerequisites; recommended experience with Oracle Financials Cloud Receivables implementation |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-receivables-2021-implementation-essentials/pexam_1Z0-1056-21 |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Processing Customer Payments | 12% | - Create and apply receipts - Create and remit Bills Receivable - Configure Bill Management - Process receipt exceptions and adjustments |
| Topic 2: Configuring Customer Payments | 15% | - Set up receipt classes and methods - Manage Automatic Receipts and Funds Capture - Configure Lockbox processing |
| Topic 3: Advanced Collections | 5% | - Manage collections workbench - Configure Advanced Collections - Set up scoring strategies |
| Topic 4: Reporting and Reconciliation | 8% | - Perform Receivables to Ledger reconciliation - Use OTBI and BIP reports - Analyze receivables information |
| Topic 5: Configuring Customer Billing | 22% | - Manage AutoInvoice process - Configure revenue recognition - Manage sales credits and resources - Manage AutoAccounting rules - Manage transaction types, sources, and memo lines |
| Topic 6: Managing Customer Billing | 18% | - Manage transaction printing and presentment - Process credit memos and adjustments - Calculate transactional tax - Create and process standard transactions |
| Topic 7: Configuring Common Receivables | 20% | - Configure Subledger Accounting - Configure Cash Management integration - Configure Tax - Configure integration with other applications - Configure Receivables system options - Configure and Import Customers - Configure Receivables using Rapid Implementation |
The 1Z0-1056-21 exam is the official Oracle exam behind Oracle Financials Cloud: Receivables 2021 Implementation Essentials — passing it earns you the Oracle Financials Cloud: Receivables 2021 Certified Implementation Specialist certification, a credential positioned at the Specialist level. It is built for candidates who want to validate the skills measured by Oracle Financials Cloud: Receivables 2021 Implementation Essentials. Depending on your track, the exam is also linked to the Oracle Financials Cloud 2021 Implementation Professional certification, so one pass can move you toward more than one Oracle credential.
The 1Z0-1056-21 exam presents 58 questions to be completed within 90 minutes. That pace leaves little room for second-guessing: read each question carefully on the first pass, flag the ones you want to revisit, and keep moving instead of stalling on a single item. Before exam day, run at least one full timed session in the ValidTorrent desktop or online test engine with a comparable question load — a steady rhythm under the clock is a trainable skill, and it is often what separates a pass from a near miss.
To pass the 1Z0-1056-21 exam you need 64%, and the official registration fee is USD 245. Keep in mind that a failed attempt means paying that fee again in full — retakes are not discounted. Given the cost, self-test before you book: if you can score comfortably above the passing mark on two or three consecutive timed ValidTorrent practice tests, your budget is far better spent on the exam itself than on a retake.
No mandatory prerequisites; recommended experience with Oracle Financials Cloud Receivables implementation Because Oracle revises its certification programs from time to time, treat this as a starting point rather than the final word. Confirm the current eligibility requirements on the official Oracle exam page before you register.
Registration for the 1Z0-1056-21 exam is handled through the official channels below:
Delivery method: Online proctored or onsite testing at Pearson VUE centers — pick the option that suits you best when booking your slot.
Oracle points Oracle Financials Cloud: Receivables 2021 Implementation Essentials candidates toward the following official courses:
Official courses build the foundation; pairing them with the 1Z0-1056-21 practice questions from ValidTorrent turns that knowledge into exam-day readiness.
Yes. A free PDF demo of the 1Z0-1056-21 practice questions is available, so you can check the question style and answer quality before spending anything. Every purchase also includes 365 days of free updates — whenever Oracle adjusts the Oracle Financials Cloud: Receivables 2021 Implementation Essentials blueprint, your material is refreshed at no cost during that period. After the first year, you can extend the update service at a 50% discount from your member zone.
ValidTorrent backs your purchase with a 100% Money Back Guarantee. If you take the corresponding exam within 60 days of purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip together with the official Score Report PDF within 2 days of your exam date; approved claims are processed within 7 days. The guarantee applies only to the exam matching your purchase, the candidate name must match the payer name, and it does not cover attempts taken within 3 days of purchase, candidates who downloaded the material but never sat the exam, expired orders, or free materials. If you would rather keep preparing, you can exchange the product for two free exam preparation packages of equal value and keep the update service on your original purchase.
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The Oracle Financials Cloud: Receivables 2021 Implementation Essentials syllabus is organized into 7 domains. Among the headline areas are Managing Customer Billing (18%), Configuring Customer Payments (15%), Processing Customer Payments (12%). Rather than copying every subtopic here, we keep the complete, current outline in the Exam Topics section above — work through it domain by domain with the ValidTorrent 1Z0-1056-21 practice questions so nothing on the blueprint catches you off guard.
Your customer upload batch completes with an error and you identify the error as being due to incorrect payment method.
Which action should you take the resolve the Issue?
Correct Answer: C 🗳️
Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.
Correct Answer: E 🗳️
The Billing Manager has navigated to the Billing work area to complete a transaction. The Incomplete Transactions Overview Region on the Billing Work Area page has a drilldown option through a column to complete the transaction.
Identify the column.
Correct Answer: C 🗳️
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.)
Correct Answer: A,B,D 🗳️
What are three functions of the Create Automatic Receipt Write-offs program? (Choose three.)
Correct Answer: A,C,E 🗳️
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