Oracle 1Z0-1055-23 Q&A - in .pdf

  • 1Z0-1055-23 pdf
  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Aug 27, 2026
  • Q & A: 143 Questions and Answers
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  • Exam Code: 1Z0-1055-23
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  • Q & A: 143 Questions and Answers
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  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Reporting, Integration, and Maintenance20%- Integration and Maintenance
  • 1. Integrate with other Oracle Cloud modules
    • 2. Perform period-end close and maintenance activities
      - Reporting and Analytics
      • 1. Run standard payables reports and create custom reports
        • 2. Use Business Intelligence and reporting tools
          Invoice Processing and Management25%- Invoice Entry and Validation
          • 1. Enter standard invoices, credit memos, and debit memos
            • 2. Validate invoices, resolve holds, and perform matching
              - Prepayments and Expense Invoices
              • 1. Process employee expense reports and invoices
                • 2. Apply and account for prepayments
                  Payables Configuration and Setup30%- Configure Payables System Options
                  • 1. Define tax configurations and withholding tax rules
                    • 2. Set up payment terms, payment methods, and payment formats
                      - Configure Enterprise Structures
                      • 1. Define supplier master data and supplier sites
                        • 2. Set up business units, legal entities, and ledgers
                          Payments and Disbursements25%- Payment Processing
                          • 1. Manage payment batches and bank accounts
                            • 2. Create, approve, and issue payments
                              - Reconciliation and Accounting
                              • 1. Reconcile payables to general ledger
                                • 2. Account for payments, discounts, and foreign currency transactions

                                  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

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