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Oracle 1Z0-1055-23 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2023 Implementation Professional |
| Exam Number: | 1Z0-1055-23 |
| Available Languages: | English |
| Exam Price: | $245 USD |
| Related Certifications: | Oracle Financials Cloud 2023 Certified Implementation Professional |
| Passing Score: | 68% |
| Real Exam Qty: | 85 |
| Certificate Validity Period: | Unlimited (requires recertification for newer versions) |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice |
| Sample Questions: |  |
| Exam Way: | Online proctored exam at Pearson VUE testing centers |
| Pre Condition: | Oracle recommends taking the Oracle Financials Cloud 2023 Implementation Professional training before attempting the exam |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-payables-2023-implementation-professional-1z0-1055-23 |
Oracle 1Z0-1055-23 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Suppliers and Supplier Sites | 15% | - Create and maintain suppliers - Define supplier classifications - Create and manage supplier sites |
| Payables Options and Security | 15% | - Implement security - Define validation and tax controls - Define Payables Options |
| Payments | 20% | - Define payment terms and payment formats - Process payment files and reports - Set up payment documents - Process manual and automatic payments |
| Invoices | 25% | - Create and validate invoices - Create one-time suppliers - Enter imported invoices - Define matching options - Create and manage invoices - Process invoice approvals |
| Accounting and Reporting | 25% | - Configure accounting and chart of accounts - Generate Payables reports - Review journal entries and account analysis - Create accounting for invoices and payments |
Your Oracle Financials Cloud: Payables 2023 Implementation Professional Exam Questions, Resolved
The Oracle Financials Cloud: Payables 2023 Implementation Professional exam is split across 5 areas, with Suppliers and Supplier Sites (15%), Accounting and Reporting (25%), Payments (20%) carrying the most weight. Study in proportion to those shares — the full outline is in the section above this page.
The Oracle Financials Cloud: Payables 2023 Implementation Professional exam costs $245 USD per attempt, with 68% required to pass. Fail, and that fee returns in full for the retake. Practice with ExamCost questions until your timed mock scores clear 68% comfortably — then the exam fee is a single payment, not a subscription.
The 1Z0-1055-23 exam is Oracle's official certification test — passing it earns the Oracle Financials Cloud credential at the Professional level. Its influence comes from how practical it is: employers use the Oracle Financials Cloud: Payables 2023 Implementation Professional certificate as proof that you can do the work, not just talk about it. It also connects to Oracle Financials Cloud 2023 Certified Implementation Professional, giving the credential a natural next step.
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The Oracle Financials Cloud: Payables 2023 Implementation Professional exam contains 85 questions within 120 minutes. That is a tight ratio — the candidates who finish calmly are the ones who practiced under a clock. Run full timed sessions in the ExamCost test engine until 1Z0-1055-23 exam pacing becomes habit, not hope.
Oracle recommends taking the Oracle Financials Cloud 2023 Implementation Professional training before attempting the exam These rules are set by Oracle and may change, so confirm the current requirements on the official exam page: https://education.oracle.com/oracle-financials-cloud-payables-2023-implementation-professional-1z0-1055-23 before registering for the Oracle Financials Cloud: Payables 2023 Implementation Professional exam.
Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:
Certain suppliers that your customer regularly deals with are exempt from tax. How would you configure tax for this?
- A. Enable the relevant suppliers for Offset Tax and create an Offset Tax to remove the calculated tax line from these suppliers.
- B. Define a Tax Status and Rate for Exempt, define a Party Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Party Fiscal Classification.
- C. Define a Tax Status and Rate for Exempt, define a Supplier Fiscal Classification of Exempt, assign it to the relevant suppliers, and write a rule to incorporate the exempt Supplier Fiscal Classification.
- D. Create a new Tax Regime for the Exempt tax and subscribe the exempt suppliers to the tax regime on the Configuration Options tab.
Correct Answer: D 🗳️
After you submitted a Payment Process Request, you noticed errors. You want to void the payments. Identify two statements that indicate when it is not possible to void a payment.
- A. A payment that has already cleared the bank.
- B. A payment with the status of Issued.
- C. A payment that has been accounted and posted to General Ledger.
- D. A payment for an invoice with an associated Withholding Tax invoice.
- E. A payment that pays a prepayment that has been applied to an invoice.
Correct Answer: B,C 🗳️
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You are testing the Payables to General Ledger Reconciliation report at the ledger level for your UK Ledger, you have run and selected the extract for the report but the request returned the message no data to display.
What is the reason for this?
- A. You did not select the business units associated to the UK Ledger.
- B. You did not specify the range of liability accounts to include in the extract.
- C. The financial category of Accounts Payable is not assigned to the liability accounts.
- D. The reconciliation flag has not been enabled for your liability accounts.
Correct Answer: D 🗳️
Your intercompany transaction type is active and enabled for invoicing. What are the two prerequisites to generate intercompany receivables and intercompany payable transactions after the Generate Intercompany Allocations process is run?
- A. Schedule create accounting for the intercompany process.
- B. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
- C. Manual Approvals should be allowed for the transaction type.
- D. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
- E. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.
- F. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
Correct Answer: A,F 🗳️
You have assigned additional roles to an existing user. However, the new roles are not appearing for the user in their Navigator menu. What should you check?
- A. Make sure you ran the Retrieve Latest LDAP Changes program.
- B. Make sure the user logs out and logs back in.
- C. Make sure you can query the user from the Manage Users page and verify the roles assigned.
- D. Make sure you can query the user using Oracle Identity Manager (OIM) and the roles are assigned.
Correct Answer: C 🗳️
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