Exam: 1Z0-1056-23

Format: Hands-on Performance Based
Duration: 90 Minutes
Exam Price:
Number of Questions: Not Applicable
Passing Score: Challenges - 75% | Multiple choice - 75%
Validation: This exam has been validated against 22A/22B/22C/22D/23A/23B.
Policy: Cloud Recertification

Earn associated certifications
Passing this exam is required to earn these certifications. Select each certification title below to view full requirements.

Oracle Financials Cloud: Receivables 2023 Certified Implementation Professional

Prepare to pass exam: 1Z0-1056-23
The Oracle Financials Cloud: Receivables 2023 Certified Implementation Professional certification is a Hands-on Performance based Professional level certification comprising of hands-on challenges and multiple choice questions. You will need to pass each of the sections individually to achieve the certification credential. You will receive an overall result.

An Oracle Financials Cloud: Receivables 2023 Certified Implementation Professional has demonstrated the knowledge and skills required to Implement Oracle Cloud Financials Receivables. Individuals who earn this certification are able to Configure Receivables, Manage Customer Billing, Process Customer Payments, Manage Bills, Report, and Configure Advanced Collections.

If you have a valid Oracle Financials Cloud: Receivables Implementation Professional Certification, and your credential has not expired, you can maintain your certification by taking the corresponding shorter Delta exam.

Login to Oracle CertView to check if your certification credential has expired or is still valid.

Check the Oracle Recertification Policy to see if you qualify.

Take recommended training
Complete one of the courses below to prepare for your exam (optional):
Become a Certified Financials - Receivables and Collections Implementer

Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience), in the learning subscription, provides the best preparation for passing the exam.

Review exam topics

Configuring Common Receivables
Configure Receivables Using Rapid Implementation
Configure Receivables
Configure Tax
Configure Sub Ledger Accounting
Configure and Import Customers
Configure Cash Management
Configure Integration with Other Applications

Configuring Customer Billing
Manage AutoInvoicing
Manage AutoAccounting
Manage Transaction types, Transaction sources, Items, and Memo lines
Manage Resources, Salesperson, Sales credits, and Salesperson account references
Configure Revenue for Receivables

Configuring Customer Payments
Manage Customer Receipts
Manage Lockbox
Manage Automatic Receipts and Funds Capture

Managing Customer Billing
Create and Process Transactions
Manage AutoInvoice Corrections
Manage the AutoInvoice Process
Calculate Transactional Tax
Manage Transaction Printing

Processing Customer Payments
Create and Process Receipts
Create and Process Bills Receivables Remittances
Create and Process Receipt Exceptions

Configuring Bill Management
Configure and Use Oracle Bill Management

Reporting for Account Receivables & Advanced Collections
Report with Oracle Transactional Business Intelligence (OTBI)
Report with Business Intelligence Publisher (BIP)
Manage Account Receivables Reconciliation

Configuring and Using Advanced Collections
Configure Advanced Collections
Design and Use Scoring Strategies
Manage Collections Work

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QUESTION 1
Your organization has decided to use the Portal Upload delivery method for some of their customers.
You will be using this in place of other options, such as Print Email, or XML to deliver customer invoices.
Which step must be performed in the system to deliver transactions to your customers by using the
Portal Upload method?

A. Select Portal Upload as a delivery method on Customer Profile under Statement and Dunning.
B. Create a custom preferred delivery method in the Manage Receivables Lookups task in Functional Setup Manager.
C. Select Portal Upload as a delivery method on Customer Profile under Invoicing.
D. Run the Create Customer Statement process in Scheduled Processes.
E. Create a custom-preferred delivery method in the Manage Receivables System Options task in Functional Setup Manager.

Answer: C

QUESTION 2
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action?

A. The invoice can now be printed.
B. The invoice is sent for a dunning follow-up.
C. The invoice is eligible for transfer to the General Ledger.
D. The payment schedules are created using the payment terms specified.
E. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.

Answer: ACD

QUESTION 3
When you run Auto lnvoice. the process may generate a list of records that fail validation.
Using which two methods/features, can you display the Auto lnvoice errors in an Excel workbook?

A. The Incomplete Infotile
B. The Manage Transactions task
C. The Import Exceptions Infotile
D. The Manage Auto lnvoice Lines task

Answer: CD

QUESTION 4
When deciding how to set up the system to recognize revenue, it is important to understand the
extent of revenue deferral and the subsequent timing of revenue recognition.
Which two statements are true when you consider that recognition depends on the nature of the contingency?
A. Payment-based contingencies do not always require payment before the contingency can be
removed and revenue recognized.

B. Post-billing customer acceptance clauses must expire (implicit acceptance), or be manually
accepted (explicit acceptance), before the contingency can be removed and revenue recognized.
C. Pre-billing customer acceptance clauses require the recording of customer acceptance in the
feeder system, or its expiration, before importing into Receivables for invoicing. Customer
acceptance or its expiration must occur before the contingency can be removed and the order can be
imported into Receivables for invoicing.
D. Time-based contingencies can expire, but the contingency will have to be removed manually
before the revenue is recognized if payment is not due yet.
E. Time-based contingencies must not expire before the contingency can be removed and revenue recognized.

Answer: AB

QUESTION 5
Your customer receives their invoices via the XML delivery method. They want to receive billing
transactions for specific sites only. Now you have been tasked with creating a very focused delivery
method of XML transactions for this customer site that should be receiving the invoice.
To define this setup, you must add a new lookup code to the AR Features lookup type in the Manage
Receivables Lookups task. Which lookup code would you use?

A. AR_XML.DELIVERY.METHOD
B. AR_XML_INVOICE_ENHANCED
C. AR_NTERFACE.XML
D. AR.INVOICE.XML.ENHANCED
E. AR_CUSTOMER.DELIVERY

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