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Oracle 1z1-962 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Financials Cloud: Receivables 2017 Implementation Essentials
Exam Number:1Z0-962
Related Certifications:Oracle Financials Cloud: General Ledger
Oracle ERP Cloud Financials Implementation Specialist
Oracle Financials Cloud: Payables
Available Languages:English
Real Exam Qty:55-75
Exam Price:$245 USD
Exam Format:Scenario-based questions, Multiple choice
Exam Duration:120 minutes
Certificate Validity Period:Retired / legacy exam (historical certification; modern Oracle Cloud certifications typically require periodic renewal)
Passing Score:60-65%
Recommended Training:Oracle Financials Cloud Training Courses
Exam Registration:Oracle Certification Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Online proctored exam via authorized testing provider or Oracle testing platform
Pre Condition:Recommended familiarity with Oracle Financials Cloud and basic ERP accounting concepts; prior experience with Accounts Receivable processes is strongly advised.
Official Syllabus URL:https://education.oracle.com

Oracle 1z1-962 Exam Syllabus Topics:

SectionObjectives
Topic 1: Integration and Closing Processes- Integration with other modules
  • 1. General Ledger integration
    • 2. Payables and Order Management integration
      - Period close activities
      • 1. Close process validation
        • 2. Period reconciliation
          Topic 2: Transaction Management- Invoices and billing
          • 1. Recurring billing and adjustments
            • 2. Standard invoices and credit memos
              - Receipts processing
              • 1. Lockbox and automatic receipts
                • 2. Receipt creation and application
                  Topic 3: Accounting and Reporting- Subledger accounting
                  • 1. Journal creation and transfer
                    • 2. Accounting rules and distributions
                      - Reporting
                      • 1. Revenue and reconciliation reporting
                        • 2. Receivables aging reports
                          Topic 4: Receivables Configuration- Customer setup and account model
                          • 1. Customer profiles and site usage
                            • 2. Customer account creation and maintenance
                              - System options and setup
                              • 1. Receivables system options configuration
                                • 2. Accounting and integration setups
                                  Topic 5: Collections and Credit Management- Collections strategies
                                  • 1. Dunning and customer communication
                                    • 2. Overdue management and escalation
                                      - Credit management
                                      • 1. Risk evaluation and controls
                                        • 2. Credit limits and exposure

                                          Oracle Financials Cloud: Receivables 2017 Implementation Essentials Questions, Answered by Experts

                                          In plain terms, the 1z1-962 exam is Oracle's way of verifying that you deserve the Oracle Financials Cloud Certification certification, a credential at the Professional level. It tests the Oracle Financials Cloud: Receivables 2017 Implementation Essentials objectives through applied, scenario-driven questions — the kind that expose the gap between "read about it" and "can do it." It also sits within a broader certification ecosystem that includes Oracle Financials Cloud: General Ledger, Oracle Financials Cloud: Payables, Oracle ERP Cloud Financials Implementation Specialist, so the effort compounds across your career. That's why a review system built around realistic questions — practice, error correction, self-improvement — beats textbook re-reading every time.

                                          The Oracle Financials Cloud: Receivables 2017 Implementation Essentials exam blueprint spans 5 domains, led by Accounting and Reporting, Collections and Credit Management, and Transaction Management. Treat the weightings as your study budget: domains carrying more of the score deserve more of your week. The full topic list is in the exam topics section above — plan against it, not against guesswork.

                                          The Oracle Financials Cloud: Receivables 2017 Implementation Essentials exam allows 120 minutes for 55-75 questions. Before test day, turn that into a rhythm: minutes divided by questions equals your per-item budget, and any item burning double its budget gets flagged and revisited at the end. Rehearse the rhythm under a real timer — every Actual4Cert test engine session runs one — and finishing with review time becomes your norm, not your hope.

                                          Passing the Oracle Financials Cloud: Receivables 2017 Implementation Essentials exam takes 60-65%, and each attempt costs $245 USD — including every retake, at full price. The financially sound strategy is arriving over-prepared: drill with Actual4Cert practice questions until your timed scores clear the passing mark across several consecutive sessions, then register. You're not being cautious; you're declining to pay for the same exam twice.

                                          Oracle lists the Oracle Financials Cloud: Receivables 2017 Implementation Essentials formats as: Multiple choice, Scenario-based questions. Formats aren't trivia — they change how you should read. For long scenario stems, locate the actual question sentence first; for multi-answer items, verify every option you select. Actual4Cert's 80 practice questions cover these formats so thoroughly that on exam day, only the content is new.

                                          You can take the 1z1-962 exam in English. Choose the language where your comprehension is fastest under time pressure — in a timed exam, slow reading is a hidden tax on every question. Testing in English? Daily work with Actual4Cert's English 1z1-962 practice questions doubles as targeted vocabulary training.

                                          The certification earned via the Oracle Financials Cloud: Receivables 2017 Implementation Essentials exam stays valid for Retired / legacy exam (historical certification; modern Oracle Cloud certifications typically require periodic renewal). Mark the expiry date early and research the recertification path before it looms — a planned renewal is an errand, an expired credential is a project. Since Oracle sets and updates these policies, confirm the current requirements on the official certification page when your window approaches.

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                                          Most candidates end up combining formats — PDF for reading, an engine for timed rehearsal.

                                          Yes. Actual4Cert's free Oracle Financials Cloud: Receivables 2017 Implementation Essentials PDF demo contains real sample questions with verified answers, so you can evaluate the quality before paying. Every purchase includes 365 days of free updates, and renewing after that costs 50% of the regular price from your member zone. Test-drive first — confident material has nothing to hide.

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                                          Stop wrestling the textbook and start training for the exam: download the free 1z1-962 demo, and let Actual4Cert's 80 practice questions turn your Oracle Financials Cloud: Receivables 2017 Implementation Essentials preparation into a system that works.

                                          Oracle Financials Cloud: Receivables 2017 Implementation Essentials Sample Questions:

                                          Question #1

                                          Your customer wants to override the calculated tax line amount for their receivable transaction.
                                          What steps should the customer perform to ensure that only one of their employees has this privilege?

                                          • A. Set the "Transaction Tax Line Override" profile option to Yes for the selected employee and assign the employee the "Tax Manager <Business Unit>" data role.
                                          • B. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable application and create a tax rule to grant this privilege only to the selected employee.
                                          • C. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and grant the employee the "Tax Manager <Business Unit>" data role.
                                          • D. Enable the "Allow tax rate override" and "Allow manual tax lines" profiles at the user level, set, the value to Yes for the selected employee, and grant the "Tax Manager < Business Unit>" data role to the employee.
                                          • E. Enable "Allow override of calculated tax lines" within the tax configuration owner options for the receivable invoice event and set the "Transaction Tax Line Override" profile option to Yes for the selected employee.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: A  🗳️

                                          Question #2

                                          Which two duties are included in the Accounts Receivable Specialist associated role? (Choose two.)

                                          • A. Receipt Creation Duty
                                          • B. Trading Community Hierarchy Management Duty
                                          • C. Import Payables Invoices Duty
                                          • D. Payment Settlement Management Duty
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C,D  🗳️

                                          Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                          Question #3

                                          When reversing a receipt, if an adjustment or chargeback exists, how are the off-setting adjustments created?

                                          • A. manually, but without using the Adjustment Reversal and Chargeback Reversal activities
                                          • B. automatically, but without using the Adjustment Reversal and Chargeback Reversal activities
                                          • C. automatically by using the Adjustment Reversal and Chargeback Reversal activities
                                          • D. manually by using Adjustment Reversal activities
                                          • E. manually by using Chargeback Reversal activities
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                          Question #4

                                          Which statement is true about AutoAccounting?

                                          • A. AutoAccounting is set up at the Legal Entity level.
                                          • B. You cannot override the default General Ledger accounts thatAutoAccounting creates.
                                          • C. AutoAccounting is used to determine the default General Ledger accounts only for transactions that you import by using AutoInvoice.
                                          • D. IfAutoAccounting cannot determine all the accounting flexfield segments, it derives what it can and displays an incomplete accounting flexfield.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: D  🗳️

                                          Explanation: Only visible for Actual4Cert members. You can sign-up / login (it's free).

                                          Question #5

                                          A Billing Specialist has created and completed an invoice for $100 USD for Customer A.
                                          The Specialist prints the invoice and realizes that the invoice should have been created for Customer B.
                                          The accounting for the transaction for Customer A is posted to the General Ledger.
                                          How can this be corrected?

                                          • A. Navigate to the credit transaction link in the Billing work area, credit the entire amount, and enter a new invoice for Customer B.
                                          • B. Create an on-account credit memo for $100 USD for the invoice and enter a new invoice for Customer B.
                                          • C. Change the status of the invoice to Incomplete and enter a new invoice for Customer B.
                                          • D. Create an adjustment for the entire amount and create a negative adjustment for Customer B.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: D  🗳️

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