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Oracle Financials Cloud: Receivables 2020 Implementation Essentials (1Z0-1056-20) Practice Exam

Oracle Financials Cloud: Receivables 2020 Implementation Essentials (1Z0-1056-20) 

About Oracle Financials Cloud: Receivables 2020 Implementation Essentials (1Z0-1056-20) 

The Oracle Fusion Financials Cloud Service: Receivables 2020 Implementation Essentials exam is designed for individuals who possess a strong foundation and expertise in selling or implementing Oracle Financials Cloud: Oracle Fusion Financials Cloud Service Solution This certification exam covers topics such as Reporting, Receivables, Billing, Collections, Receipts Management, Other AR Topics. Up-to-date training and field experience are recommended.

Exam Details

  • Exam Title: Oracle Financials Cloud: Receivables 2020 Implementation Essentials
  • Exam Number: 1Z0-1056-20
  • Exam Price: $245 USD
  • Format: Multiple Choice
  • Duration: 85 Minutes
  • Number of Questions: 55
  • Passing score: 64%
  • Validated Against: This exam has been validated against 20B. (The previous version of this exam was validated against 19B)

Course Outline

The Oracle Financials Cloud: Receivables 2020 Implementation Essentials (1Z0-1056-20) Exam covers the following topics -

1. Reporting

  • Explain how to design and use various reporting tools
  • Explain Oracle Transactional Business Intelligence (OTBI)
  • Use Business Intelligence Publisher (BIP) Reports
  • Use the Receivables to Ledger Reconciliation Report
  • Process intercompany reconciliations

2. Billing

  • Process billing transactions
  • Auto invoice Corrections
  • Describe invoice print and presentment
  • Manage revenue
  • Calculate Transactional Tax
  • Create and process bills Receivable

3. Receipt Management

  • Deploy receipt processing
  • Manage customer refunds
  • Explain key uses of the Accounts Receivables Work Area
  • Process bills Receivable Remittances
  • Implement Receipts
  • Configure Lockbox
  • Configure Automatic Receipts
  • Process Receipt exceptions

4. Receivables to Configuring Receivables

  • Configure Customer Data
  • Manage Reference Data Sets
  • Import customer data
  • Create write-offs, adjustments, late charges and chargebacks
  • Manage the Accounting Configuration
  • Configure Subledger Accounting
  • Configure with Rapid Implementation
  • Auto invoice Configuration
  • Auto accounting configuration
  • Define Transaction Types, Transaction sources,Items and Memo lines
  • Define salesperson and sales credits

5. Collections

  • Deploy a Delinquency process
  • Explain the process for customer correspondence
  • Manage dispute handling
  • Explain the key functionality of the Collection Work Area
  • Explain Collection Preferences
  • Configure and Process a Collections Strategy

6. Bill Management

  • Explain the self-service application for customers.

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