The best study materials know their users. ExamCost shaped its 1Z1-1055 package around customer feedback collected over years: 113 practice questions, printable PDF convenience, offline simulation, and browser-based practice with saved history.
Oracle 1Z1-1055 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: Payables 2019 Implementation Essentials |
| Exam Number: | 1Z0-1055 |
| Related Certifications: | Oracle ERP Cloud Implementation Specialist Oracle Financials Cloud: General Ledger 2019 Implementation Essentials |
| Certificate Validity Period: | Oracle certification policies may vary; typically does not expire or is tied to product version lifecycle |
| Available Languages: | English |
| Exam Duration: | 120 minutes |
| Exam Price: | USD 245 |
| Real Exam Qty: | 55 - 75 |
| Passing Score: | Approximately 60% - 65% |
| Exam Format: | Multiple Choice, Proctored Exam (Online or Test Center), Multiple Response, Scenario-based Questions |
| Recommended Training: | Oracle Financials Cloud Learning Path Oracle University Training |
| Exam Registration: | Oracle Certification Portal Pearson VUE Oracle Exams |
| Sample Questions: |  |
| Exam Way: | Online proctored exam or Pearson VUE test center |
| Pre Condition: | Recommended familiarity with Oracle Financials Cloud and basic accounting principles; prior ERP Cloud experience is beneficial |
| Official Syllabus URL: | https://education.oracle.com |
Oracle 1Z1-1055 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Payables Setup and Configuration | - Payables application configuration - Ledger and accounting setup integration |
| Reporting and Troubleshooting | - Common issues and resolution - Payables reporting tools |
| Tax and Accounting Integration | - Tax configuration in Payables - Accounting entries and subledger integration |
| Invoice Management | - Invoice matching and approvals - Invoice creation and validation |
| Payments Processing | - Payment execution and reconciliation - Payment methods and formats |
| Suppliers and Supplier Management | - Supplier sites and payment terms - Supplier creation and maintenance |
1Z1-1055 Exam: Your Questions, Answered
Recommended familiarity with Oracle Financials Cloud and basic accounting principles; prior ERP Cloud experience is beneficial Since requirements change over time, confirm the latest on the official Oracle exam page before scheduling.
Oracle recommends these training resources for the Oracle Financials Cloud: Payables 2019 Implementation Essentials exam:
Follow the training with steady self-testing — the 113 practice questions from ExamCost make that routine easy to maintain.
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The official Oracle Financials Cloud: Payables 2019 Implementation Essentials outline defines 6 domains. The leading three are Invoice Management, Suppliers and Supplier Management, and Tax and Accounting Integration. The full list is in the topics section above, and ExamCost's 113 practice questions cover each one.
The 1Z1-1055 exam is a Oracle certification exam validating the Oracle Financials Cloud: Payables 2019 Implementation Essentials syllabus shown above. It belongs to these credential paths: Oracle Financials Cloud: General Ledger 2019 Implementation Essentials, Oracle ERP Cloud Implementation Specialist. Candidates of different ages and backgrounds take it to advance their careers in 2026, and ExamCost prepares all of them with 113 practice questions in PDF, Desktop Test Engine, and Online Test Engine formats.
Three versions of the 113 practice questions for the Oracle Financials Cloud: Payables 2019 Implementation Essentials exam, each with its own strengths: a printable, expert-prepared PDF with instant download and free demo; a Desktop Test Engine for Windows that simulates the real exam with two practice modes and works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. Choose whichever suits your taste — all are included, along with 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.
The Oracle Financials Cloud: Payables 2019 Implementation Essentials exam requires Approximately 60% - 65% to pass, and registration costs USD 245. Retaking costs the same fee again, so a readiness check with the ExamCost engines is a sensible investment before booking.
The Oracle Financials Cloud: Payables 2019 Implementation Essentials exam contains 55 - 75 to complete within 120 minutes. Timed practice in the ExamCost Desktop Test Engine prepares you for exactly that rhythm.
Online proctored exam or Pearson VUE test center Register for the Oracle Financials Cloud: Payables 2019 Implementation Essentials exam through these official channels:
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Oracle Financials Cloud: Payables 2019 Implementation Essentials Sample Questions:
Your client company has two business units and requires the Payables Specialist to process invoice transactions for both business units.
What setup is required to achieve this?
- A. Business Unit Security
- B. a Dedicated Service Provider model
- C. a Dedicated and Self-Service Service Provider Model
- D. a Self-Service Service Provider Model
Correct Answer: A 🗳️
What two job roles are required to access information within Functional Setup Manager? (Choose two.)
- A. IT Security Manager
- B. Functional Setup Manager Superuser
- C. Any Functional User
- D. Application Implementation Manager
- E. Application Implementation Consultant
Correct Answer: D,E 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
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? (Choose two.)
- A. Schedule create accounting for the intercompany process.
- B. Run the processes Transfer Intercompany transactions to Receivables and Transfer Intercompany transactions to Payables.
- C. Supplier site primary pay flag and customer account bill to primary flag should be enabled.
- D. For the Legal Jurisdiction, Legal function: "Generate intercompany invoice" should be assigned.
- E. Manual Approvals should be allowed for the transaction type.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAUGL/FAUGL1476872.htm - F. Run the processes Create Intercompany transactions to Receivables and Create Intercompany transactions to Payables.
Correct Answer: B,C 🗳️
An installment for $2,000 USD is due for payment on July 31, 2018. The installment has two discounts: the first discount date is June 15, 2018 for $150 USD and the second discount date is June 30, 2018 for $50 USD.
You submit a Payment Process Request with the following criteria:
Payment Date = June 20, 2018
Pay Through Date = July 30, 2018
Date Basis = Due Date
What will be the resulting status of the installment and discount?
- A. The installment is not selected because the discount dates are before the Pay Through Date.
- B. The installment is selected and a discount of $150 USD is applied.
References:https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011879.htm#FAPPP1011879 - C. The installment is not selected because the due date is after the Pay Through Date.
- D. The installment is selected and no discount is applied.
- E. The installment is selected and a discount of $50 USD is applied.
Correct Answer: C 🗳️
What is the name of the Work Area that is used to access Functional Setup Manager?
- A. Customize Setup and Maintenance
- B. Customization Manager
- C. Functional Work Area
- D. Setup and Maintenance
- E. Functional Setup Manager
Correct Answer: D 🗳️
Explanation: Only visible for ExamCost members. You can sign-up / login (it's free).
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