1Z0-1126-1

The Oracle 1Z0-1126-1 exam, officially titled "Oracle Financials Cloud: Receivables 2021 Implementation Essentials," focuses on the implementation and configuration of Oracle's Receivables Cloud service. The main points cover a wide range of functionalities and tasks, generally falling under these categories:

• Setting Up Receivables: This includes defining accounting setups, setting up payment terms, defining customer information, creating invoices, and managing different types of receivables. You'll need to understand how payment methods, credit limits, and customer hierarchies are configured.

• Invoice Management: A major portion of the exam covers creating and managing invoices. This includes understanding different invoice types (e.g., standard, credit memos, adjustments), managing invoice life cycle, applying payments, and handling disputes. Knowledge of automated invoice generation processes is also crucial.

• Cash Application: This involves understanding the process of applying payments to invoices, reconciling bank statements, managing discrepancies, and using various cash application methods (manual, automatic). The ability to identify and resolve payment issues is key.

• Collections Management: You should be familiar with setting up collections workflows, managing delinquent accounts, and using tools for tracking and managing customer payments.

• Reporting and Analysis: Understanding how to generate and analyze reports related to receivables is critical. This includes using standard reports and potentially customizing reports to meet specific business needs.

• Customer Management: While not the primary focus, you need enough understanding to manage customer information, including contact details, credit limits, and addresses, within the context of receivables management.

• Integration with other Oracle Cloud modules: A foundational understanding of how Oracle Receivables integrates with other modules (like Oracle General Ledger, Oracle Fusion Applications) is typically required. This usually involves understanding data flow and interdependencies.

In summary, the exam tests your ability to implement and manage the core functionalities of Oracle Receivables Cloud, focusing on practical application and configuration rather than theoretical concepts. Preparation should heavily emphasize hands-on experience with the software.