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- Total Questions: 112
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1Z0-1056-20 PDF Practice Q&A's
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- Total Questions: 112
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Every purchase is a value exchange: time and money go out, and you expect something worthwhile back. The 1Z0-1056-20 exam materials at TestKingsIT are designed as a small, focused investment — 112+ Q&As with expert-verified answers that make each study hour in 2026 count toward the Oracle Financials Cloud: Receivables 2020 Implementation Essentials credential.
Oracle 1Z0-1056-20 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Receipts & Cash Management | 25% | - Receipt Processing
|
| Transactions & Billing | 20% | - Transaction Configuration
|
| Receivables Foundation & Setup | 25% | - Customer Management
|
| Reporting & Period Close | 10% | - Reporting Tools
|
| Collections & Credit Management | 20% | - Adjustments & Write-Offs
|
1Z0-1056-20 Exam Details Before You Buy
Oracle recommends these training resources for candidates:
- Oracle Financials Cloud: Receivables 2020 Implementation Training
- Oracle Financials Cloud Learning Subscription
An effective training course builds understanding; scored practice with expert-verified answers builds exam readiness. The two work best together.
Yes. TestKingsIT processes every purchase through a secure Credit Card payment system, so your transaction is protected from leakage or error at each step of the deal. We put customers' interests and the quality of the Oracle Financials Cloud: Receivables 2020 Implementation Essentials product first — the 1Z0-1056-20 exam materials should be the only thing you need to think about after checkout.
The 1Z0-1056-20 exam contains 55 - 60 questions with 90 minutes minutes to complete them. Scored practice rounds under the same limit are how you find out — in advance — whether the clock will be a problem for you.
The official outline divides the 1Z0-1056-20 exam into weighted domains, including:
- Collections & Credit Management (20%)
- Receipts & Cash Management (25%)
- Reporting & Period Close (10%)
The Oracle Financials Cloud: Receivables 2020 Implementation Essentials practice questions at TestKingsIT are organized around these same objectives, so your scored mock results map directly onto the areas that need work.
The 1Z0-1056-20 exam leads to the Oracle Financials Cloud: Receivables 2020 Implementation Essentials certification from Oracle, one of the more popular credentials among IT professionals — and it is genuinely not easy to pass. The workable approaches are well known: invest focused time and energy, take an effective training course, and practice with material that mirrors the real exam. Preparation quality, not luck, separates the attempts that succeed from the ones that need repeating.
Registration for the 1Z0-1056-20 exam runs through these official channels:
A good moment to register is when your scored practice results stay consistently strong — let measurement, not mood, set the date.
That is exactly what the software version is for. It recreates the atmosphere of the real 1Z0-1056-20 exam, and after each exercise you can assess your score and see your current level in concrete terms. Those results tell you whether you are grasping the key points or still circling them, so your remaining study time goes in the right direction — particularly valuable when work and family leave you only a few hours a week.
No mandatory prerequisites; hands-on implementation experience recommended
Passing the 1Z0-1056-20 exam requires 64%, and registration costs USD $245. Think of preparation as the smaller investment that protects the larger one — measured, scored practice is how you make that trade a good one.
Oracle Financials Cloud: Receivables 2020 Implementation Essentials Sample Questions:
What is the impact on transactions of changing the billing cycle for a customer or group of customers?
- A. Existing transactions with no activity retain the old billing cycle.
- B. New transactions after this change inherit the new billing cycle.
- C. The billing cycle does not have any impact on new transactions.
- D. Existing transactions with activity adapt the new billing cycle.
Correct Answer: B 🗳️
When a customer opts to make a payment by a credit card, this receipt is identified as a(n)
_______________.
- A. AutoLockbox receipt
- B. manual receipt
- C. automatic receipt
- D. quick cash receipt
- E. miscellaneous receipt
Correct Answer: C 🗳️
You need to make decisions about how an application should behave, such as date ranges and defaults.
What should you consider before defining Collections Preferences?
- A. the employees who are involved with the collections process and how the collectors will be assigned
- B. user application privileges
- C. customer contact information
- D. scheduled processes
- E. system privileges
Correct Answer: A 🗳️
You have created payment terms in a system and associated them in the USA reference data set. All the payment terms in the system are shown as follows. Business Unit X has a set assignment of Enterprise Set for payment terms.
Payment Term = Net 30; Reference Data Set = Enterprise Set
Payment Term = Net 45; Reference Data Set = Enterprise Set
Payment Term = 1%/10 Net 30; Reference Data Set = USA Set
Payment Term = Net 45; Reference Data Set = USA Set
If an invoice is created in Business Unit X, which payment term set is available for use in a transaction?
- A. Net 30 (Enterprise Set), Net 45 (Enterprise Set)
- B. 1%/10 Net 30 (USA Set), Net 45 (USA Set)
- C. Net 30 (Enterprise Set), Net 45 (USA Set)
- D. Net 45 (Enterprise Set), Net 45 (USA Set)
Correct Answer: A 🗳️
Which statement is true when you create an Implementation Project for Oracle Financials Cloud?
- A. When you select the offering "Financials," it automatically allows you to perform the setup for all Oracle Financials Cloud products.
- B. You need to make only the project name unique, and then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management, and Supply Chain Management.
- C. You must select the offering "Financials" and each individual product or option to perform the setup for each product in Oracle Financials Cloud.
- D. The Implementation Project is preconfigured and cannot be deleted or changed.
- E. You must plan your Implementation Project carefully because you cannot delete it or make changes later.
Correct Answer: B 🗳️
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