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Oracle 1z1-962 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reporting and Reconciliation | 10% | - Process intercompany reconciliations - Use OTBI and BI Publisher reports - Perform receivables to ledger reconciliation |
| Topic 2: Collections Management | 10% | - Configure collection preferences and strategies - Deploy delinquency processes - Use collection work area - Handle disputes and customer correspondence |
| Topic 3: Billing and Transactions | 20% | - Process invoices, credit memos, and adjustments - Apply late charges, write-offs, and chargebacks - Create and process bills receivable - Manage invoice printing and presentment |
| Topic 4: Receipt Management | 15% | - Apply receipts to open items - Process receipts and remittances - Reconcile receipts and bank statements - Manage customer refunds and reversals |
| Topic 5: Revenue Management | 10% | - Import and account for revenue - Manage standalone selling prices - Explain revenue contracts and performance obligations |
| Topic 6: Customer Management | 15% | - Manage customer accounts and sites - Import and maintain customer data - Configure customer profiles and payment terms |
| Topic 7: Receivables Configuration and Setup | 20% | - Set up autoinvoice - Configure system options - Configure subledger accounting - Manage reference data sets |
1z1-962 Exam Facts: What to Know Before You Commit
Oracle recommends the following official training resources:
Choose the format that fits your schedule, then reinforce it with regular question practice.
The latest exam information lists 55 questions for the 1z1-962 exam, to be completed within 105 minutes minutes. Knowing the format cold is half the battle — timed practice handles the other half.
These are the core domains of the Oracle Financials Cloud: Receivables 2017 Implementation Essentials blueprint:
- Receivables Configuration and Setup (20%)
- Customer Management (15%)
- Billing and Transactions (20%)
The remaining domains appear in the full official outline, all of which our bank addresses.
Oracle sets the following prerequisites for the Oracle Financials Cloud: Receivables 2017 Implementation Essentials: No mandatory prerequisites; hands-on experience with Oracle Financials Cloud is recommended.
Check the current requirements on the official certification page before scheduling.
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As of the latest information, the 1z1-962 exam's passing score is 65% and the registration fee is $245 USD. Oracle can adjust either figure, so verify both on the official site before you book.
Oracle Financials Cloud: Receivables 2017 Implementation Essentials Sample Questions:
Which transactions are included when transactions of specified customers are selected in the Create Balance Forward Billing Program?
- A. transactions that were included in a previous Balance Forward Bill
- B. transactions that have the Print Option set to Do Not Print
- C. transactions that have the selected payment terms
- D. transactions have a Bill Type of Imported
Correct Answer: C 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
Which two setups are required to ensure that the same tax is applied on both intercompany payable and intercompany receivable invoices? (Choose two.)
- A. Ensure if any tax-specific rules that are defined should cover both the sales_transaction and purchase_transaction business category.
- B. First enter a payable transaction to calculate tax and then enter the receivable transaction.
- C. Tax for intercompany is loaded by using Create Taxable Transactions in Spreadsheet.
- D. The payable options and the receivable system options should have the same tax application options.
- E. Ensure that both the receiver and provider business units and legal entities are subscribed to the applicable tax regime on the transaction date.
- F. Intercompany system options enable use of the same tax rate code for the payable and receivable invoices.
Correct Answer: D,E 🗳️
A business entity (your client) sells a computer, monitor, keyboard, and mouse as a single package to consumers. The entity has identified that this bundle is a distinct performance obligation.
How would you configure the Performance Obligation Identification Rule to ensure correct grouping of these items?
- A. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain the same value for that attribute
- B. by defining a grouping on an extensible line attribute and ensuring that the source lines for the specified items contain different values for that attribute
- C. by defining an item group and assigning that to the rule
- D. by defining an exclusion rule to exclude customer classes that are "Retail"
- E. by defining a grouping rule on the customer class
Correct Answer: B 🗳️
You schedule print runs of transactions and balance forward bills according to the needs of your enterprise.
Which three statements are true? (Choose three.)
- A. It is recommended that you always print directly from BI Publisher to give you more control over the templates in case you need to change them.
- B. If you have printed a transaction, the View Print button will not display a preview of the print.
- C. If you have not printed a transaction, the View Print button (Preview of Print) displays the transaction according to the default template in BI Publisher.
- D. It is not recommended to print transactions and balance forward bills directly from BI Publisher.
- E. Both the transaction, or each transaction in a balance forward bill, will be marked as printed in the system.
Correct Answer: A,C,E 🗳️
You are creating a remittance bank account for the factored with recourse bills receivable remittance receipt method.
Which bank account setup controls receipt application to short-term debt?
- A. collection days
- B. recall days
- C. clearing days
- D. lead days
- E. short-term debt clearing days
- F. risk elimination days
Correct Answer: E 🗳️
Explanation: Only visible for PracticeVCE members. You can sign-up / login (it's free).
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