After payment, the 1Z0-1055-24 exam product reaches your mailbox in about a minute — automatically, without any manual step. ExamCost delivers the Oracle Financials Cloud: Payables 2024 Implementation Professional materials the moment your order clears, so the time you would have spent waiting goes into studying instead.
Oracle 1Z0-1055-24 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2024 Implementation Professional |
| Exam Number: | 1Z0-1055-24 |
| Real Exam Qty: | 55-70 |
| Available Languages: | English |
| Related Certifications: | Oracle Financials Cloud: Receivables Oracle ERP Cloud Financials Implementation Oracle Financials Cloud: General Ledger |
| Certificate Validity Period: | 18 months |
| Exam Format: | Multiple Response, Multiple Choice |
| Passing Score: | ~65% (Oracle scaled scoring may apply) |
| Exam Duration: | 90 minutes |
| Exam Price: | USD 245 (may vary by region/tax) |
| Recommended Training: | Oracle University Financials Cloud Training Oracle Financials Cloud Learning Path |
| Exam Registration: | Oracle Exam Scheduling (Pearson VUE) Oracle Certification Registration |
| Sample Questions: |  |
| Exam Way: | Online proctored exam via Pearson VUE or authorized testing centers |
| Pre Condition: | No strict prerequisites required. Familiarity with Oracle Financials Cloud or ERP concepts is recommended. |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z0-1055-24 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Payments | - Payment controls and security
|
| Invoice Management | - Invoice entry and processing
|
| Payables Setup and Configuration | - Financials Cloud Payables Overview
|
| Accounting and Reporting | - Reporting and reconciliation
|
| Tax and Compliance | - Tax configuration
|
1Z0-1055-24 Exam FAQ: Study Formats and Exam Facts
Registration for the 1Z0-1055-24 exam runs through these official channels:
Given the exam's cost, book your sitting when your mock-exam results — not your calendar — say you are ready.
The 1Z0-1055-24 exam contains 55-70 questions with 90 minutes minutes to complete them. The PC test engine and the online test engine both let you rehearse under the same time pressure, so pacing stops being a variable on exam day.
No strict prerequisites required. Familiarity with Oracle Financials Cloud or ERP concepts is recommended.
Passing the 1Z0-1055-24 exam requires ~65% (Oracle scaled scoring may apply), and registration costs USD 245 (may vary by region/tax). That fee is exactly why candidates worry about wasting money on a failed attempt — and why structured preparation with verified answers is worth more than hopeful improvisation.
Same Oracle Financials Cloud: Payables 2024 Implementation Professional content, different reach. The PC test engine runs on Windows, simulates the formal exam atmosphere, and shows you where your shortcomings and strengths lie — with no limit on the number of computers you install it on. The online test engine is available only at ExamCost: it runs on Windows, Mac, Android, and iOS, and once loaded it works without internet, so you can practice the 1Z0-1055-24 exam questions on any device, at any time, anywhere. Both are built from the same daily-checked question bank.
The official outline divides the 1Z0-1055-24 exam into weighted domains, including:
- Payables Setup and Configuration ()
- Accounting and Reporting ()
- Invoice Management ()
The Oracle Financials Cloud: Payables 2024 Implementation Professional practice questions at ExamCost follow these same objectives across all three formats — PDF, PC engine, and online engine.
Work with your constraints, not against them. Short, regular sessions beat rare marathon ones: run a timed mock early to map your shortcomings, then spend your limited hours on those weak areas using the expert-verified answers to close each gap. The 1Z0-1055-24 exam bank is organized around the official objectives, so nothing you study is off-topic — and the online engine turns commutes and queues into usable Oracle Financials Cloud: Payables 2024 Implementation Professional practice time.
Oracle recommends these training resources for candidates:
If your schedule allows only one supplement to self-study, make it timed practice with verified answers — it converts knowledge into exam performance.
The 1Z0-1055-24 exam is the official assessment behind the Oracle Financials Cloud: Payables 2024 Implementation Professional certification from Oracle. Many candidates come to it at a career plateau, looking for a credential that demonstrates verified, practical command of the published objectives. The exam rewards preparation — and preparation is the one part of the process fully under your control.
Oracle Financials Cloud: Payables 2024 Implementation Professional Sample Questions:
An installment meets all the selection criteria of a Payment Process Request, but it still does not get selected for payment processing.
What are the two reasons for this?
- A. The invoice requires approval.
- B. The invoice needs re-validation.
- C. The pay-through date is in a closed Payables period.
- D. The invoice has not been accounted.
- E. The pay-through date is in a future period.
Correct Answer: A,B 🗳️
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Which two invoice types can have a status of Incomplete?
- A. Scanned Invoices which are rejected during import
- B. Supplier Portal Invoices which are saved but not yet submitted
- C. Scanned Invoices with invalid or missing data
- D. Prepayment Invoices which are fully paid but not applied against any invoice
Correct Answer: B,C 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
MANAGE POLICIES BY EXPENSE CATEGORY
The US1 Business Unit has an expense policy on meals that allows an employee to claim 30 USD per day for an evening meal, regardless of their role and location.
Correct Answer:
See the Explanation for Step-by-Step Solution.
Explanation:
Step-by-Step Solution: Configuring Expense Policies by Expense Category in Oracle Financials Cloud To implement the expense policy for meals in Oracle Financials Cloud, follow these steps:
Step 1: Navigate to the Expense Policies Setup
* Log in to Oracle Financials Cloud with the appropriate Expense Manager or Financial Administrator role.
* Go to the Setup and Maintenance work area.
* Select Manage Policies by Expense Category (Task Name: Manage Expense Policies by Expense Category).
* Select the US1 Business Unit to ensure the policy applies to the correct entity.
Step 2: Create or Update the Meal Expense Category
* Under Manage Policies by Expense Category, locate or create the Meals Expense Category.
* If the Meals category does not exist:
* Click Create Expense Category.
* Enter Category Name: "Meals".
* Category Type: "Meals and Entertainment".
* Save the entry.
Step 3: Define Expense Limits for Evening Meals
* Select the Meals Expense Category and click Edit.
* Navigate to the Policies and Limits tab.
* Under Amount Limits, click Add New Rule.
* Description: "Evening Meal Limit".
* Limit Type: "Maximum Allowed Amount".
* Limit Amount: Enter 30 USD.
* Per: Select Day.
* Apply to All Employees (since this applies regardless of role and location).
* Location-Based Rules: Leave blank since it applies universally.
* Click Save and Close.
Step 4: Enable and Activate the Policy
* Ensure the policy is enabled by selecting the checkbox for Active.
* Click Submit to finalize the configuration.
* Run the "Validate and Deploy Expense Policies" process to apply changes.
Step 5: Testing the Policy
* Simulate an Expense Report Submission:
* Have an employee create a new expense report.
* Select Meals as the expense category.
* Enter an evening meal expense of 35 USD (which exceeds the policy limit).
* Verify if a policy violation warning appears, restricting the claim to 30 USD.
* Submit an expense of 30 USD and ensure no policy violation occurs.
Expected Outcome:
* Employees can claim up to 30 USD per day for an evening meal.
* Any claim above 30 USD triggers a policy violation warning.
* The rule applies to all employees regardless of role and location.
Conclusion
By following the above steps, you successfully configure an expense policy for meals that limits evening meal claims to 30 USD per day. This ensures compliance with the company's expense management guidelines while streamlining the expense approval process in Oracle Financials Cloud.
Which three are valid reasons why you cannot close your Payables period?
- A. Bills payable requiring maturity
- B. Unaccounted invoices and payments
- C. Suppliers on payment holds
- D. Incomplete payment files
- E. Unapplied prepayments
Correct Answer: A,B,D 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
During an internal audit of the expense reimbursement process, you observe a discrepancy where refunds from employees are being applied against positive payment requests. Your organization would like to keep them separate.
How do you achieve this?
- A. Set a specific pay group in disbursement options.
- B. Set a specific pay group in payables invoice options.
- C. Set a specific pay group in Expense system options.
- D. Set a specific pay group in the expense section of the employee record.
Correct Answer: C 🗳️
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