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About Oracle Financials Cloud: Receivables 2022 Implementation Professional exam torrent
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Oracle 1z0-1056-22 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Receivables 2022 Implementation Professional |
| Exam Number: | 1Z0-1056-22 |
| Exam Format: | Multiple Choice, Multiple Response |
| Certificate Validity Period: | 18 months |
| Exam Price: | USD 245 |
| Real Exam Qty: | 55-75 |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle ERP Cloud Financials Certifications Oracle Financials Cloud Implementation Professional |
| Passing Score: | ~65% |
| Available Languages: | Spanish, Korean, Simplified Chinese, Portuguese, Japanese, English |
| Recommended Training: | Oracle Financials Cloud Receivables Training |
| Exam Registration: | Pearson VUE Oracle Exams Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored exam or test center via Pearson VUE |
| Pre Condition: | No formal prerequisites required; recommended experience with Oracle Financials Cloud. |
| Official Syllabus URL: | https://education.oracle.com/certification |
Oracle 1z0-1056-22 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Revenue Management Integration | - Revenue Recognition Rules - Integration with Subledger Accounting |
| Customer Management | - Customer Accounts and Sites - Customer Profile Management |
| Reporting and Troubleshooting | - Error Handling and Diagnostics - Receivables Reporting |
| Transaction Processing | - Transaction Types and Rules - Invoice Creation and Management - Credit Memos and Adjustments |
| Receipts and Cash Management | - Bank Reconciliation - Receipt Creation and Application - Lockbox Processing |
| Receivables Setup and Configuration | - Accounting Setup and Integration - Receivables System Options and Configuration |
| Collections and Aging | - Collections Strategies - Aging and Dunning |
Oracle Financials Cloud: Receivables 2022 Implementation Professional Exam: Questions Worth Your Time
The Oracle Financials Cloud: Receivables 2022 Implementation Professional exam requires ~65% to pass, and registration costs USD 245. A failed attempt means paying the same fee again — a readiness check with the ExamsTorrent engines before booking is the cheaper option.
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Oracle recommends these training resources for the Oracle Financials Cloud: Receivables 2022 Implementation Professional exam:
Follow the training with steady self-testing — the 156 practice questions from ExamsTorrent help you apply theory and fill any gaps the training leaves.
The 1z0-1056-22 exam is a Oracle certification exam validating the Oracle Financials Cloud: Receivables 2022 Implementation Professional syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud Implementation Professional, Oracle ERP Cloud Financials Certifications. Candidates in 2026 start with ExamsTorrent's 156 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.
No formal prerequisites required; recommended experience with Oracle Financials Cloud. Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 156 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
The official Oracle Financials Cloud: Receivables 2022 Implementation Professional outline defines 7 domains. The leading three are Reporting and Troubleshooting, Customer Management, and Transaction Processing. The full list is in the topics section above, and ExamsTorrent's 156 practice questions cover each one.
The Oracle Financials Cloud: Receivables 2022 Implementation Professional exam contains 55-75 to complete within 90 minutes. Timed simulation in the ExamsTorrent Desktop Test Engine teaches that rhythm before exam day does.
Online proctored exam or test center via Pearson VUE Register for the Oracle Financials Cloud: Receivables 2022 Implementation Professional exam through these official channels:
After booking, ExamsTorrent delivers your practice questions within 1 minute — preparation starts the same day.
Oracle Financials Cloud: Receivables 2022 Implementation Professional Sample Questions:
A client rents equipment for special events. They have the following invoicing requirements: invoice must De entered and be due either immediately, or 20 or 10 days before the event. The Deferred Event Revenue Account for Rentals is to be credited at the time of invoice booking. After the events occur, the client wants all lines to debit the Deferred Event Revenue Account and credit the Event Revenue.
How can you meet this requirement?
- A. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Contingency Expiration, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
- B. Create a Revenue Contingency with Revenue Policy as None, Contingency Primary Removal Event as Invoicing, and Optional Removal Event as Transaction Date, with Transaction Date being the Event Date.
- C. Create a Revenue Contingency with Revenue Policy as Credit, Contingency Primary Removal Event as Milestone Billing, and Optional Removal Event as Fulfillment Date.
- D. Create a Revenue Contingency with Revenue Policy as None and Contingency Primary Removal Event as Payment.
Correct Answer: D 🗳️
After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action? (Choose three.)
- A. The invoice is sent for a dunning follow-up.
- B. The invoice is eligible for transfer to the General Ledger.
- C. Payment schedules are created using the payment terms specified.
- D. The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
- E. The invoice can now be printed.
Correct Answer: B,C,E 🗳️
After creating Receivable Activities using the General Ledger Rapid Implementation workbook upload process, a Receivable Manager wants to review and make changes if required, to the account assignments created for these Receivable Activities.
Which two Receivable Activities do not have account assignments to review and change? (Choose two.)
- A. Unearned Discounts
- B. Debit Memo Reversal
- C. Adjustment Activities
- D. Earned Discounts
- E. Miscellaneous Receipt
Correct Answer: C,E 🗳️
If the Contract Identification Rules that you defined for your customer did not group the source data into customer contracts as expected, how would you resolve the issue?
- A. Delete the source data that was imported into Revenue Management and import new source data.
- B. Delete Contracts from the Manage Customer Contracts UI.
- C. Run the Discard Customer Contracts program for the relevant contracts, define a new, higher-priority Contract Identification Rule, and run the Identify Customer Contracts program again.
- D. Delete the performance obligations from the relevant contracts through the Manage Customer Contracts UI.
- E. Run the Discard Customer Contracts program for the relevant contracts and run the Identify Customer contracts program again.
Correct Answer: C 🗳️
You have been asked to assign a reference data set to a specific Business Unit for several Receivable setups.
What are the navigational steps needed to accomplish this task?
- A. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Financial Reporting Structures"/Task: "Manage Business Unit Set Assignment"
- B. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Receivables"/Task: "Manage Business Unit Set Assignment"
- C. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Legal Structures"/Task: "Manage Business Unit Set Assignment"
- D. Setup and Maintenance/Setup Dropdown: "Financials"/Functional Area: "Organization Structures"/Task: "Manage Business Unit Set Assignment"
Correct Answer: B 🗳️
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