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Oracle 1Z0-1055-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Reporting, Integration, and Maintenance | 20% | - Integration and Maintenance
|
| Invoice Processing and Management | 25% | - Invoice Entry and Validation
|
| Payables Configuration and Setup | 30% | - Configure Payables System Options
|
| Payments and Disbursements | 25% | - Payment Processing
|
Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:
1. A Payment Process Request was submitted and errors were found in the payment file. The payment file and process were terminated.
Which two statements are true?
A) The status of the payment file is Terminated.
B) The status of each payment in the payment file is Terminated.
C) The invoices are placed on payment hold.
D) The status of the payment file is Cancelled.
E) The status of each payment in the payment file is Cancelled and the related documents are available for future selection.
2. Your company wants to generate intercompany transactions in USD but only if the amount involved is $3,000 USD or more. Which two intercompany system options are valid?
A) Intercompany invoices will be generated for the minimum accountable amount set at the payable invoice options and receivable system options.
B) Approval rules need to set the allow of the intercompany transactions to be routed to the receiver or provider.
C) Set the intercompany system option minimum transaction amount to $2,999.99 USD.
D) You cannot update the minimum transaction currency when intercompany currency is entered.
E) Set the intercompany system option minimum transaction amount to $ 3,000 USD.
3. If you accidentally paid an invoice using Create Payment flow, can you undo the operation?
A) yes, by creating a credit memo to offset the payment
B) yes, by canceling the payment process from the process monitor
C) Cancel the invoice and create a new one.
D) no
E) yes, by voiding the payment created
4. Identify three statements that indicate the purpose of Functional Setup Manager.
A) it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.
B) It provides a central place to access and perform all of the setup steps across the applications.
C) It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
D) It automatically marks the completion status of tasks as Completed once they have been completed.
E) It allows you to centrally manage the close processes across subledgers and ledgers.
5. What two job roles are required to access information within Functional Setup Manager?
A) IT Security Manager
B) Functional Setup Manager Superuser
C) Any Functional User
D) Application Implementation Consultant
E) Application Implementation Manager
Solutions:
| Question # 1 Answer: D,E | Question # 2 Answer: A,C | Question # 3 Answer: D | Question # 4 Answer: A,B,C | Question # 5 Answer: B,E |






