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Oracle 1Z0-1055-23 exam : Oracle Financials Cloud: Payables 2023 Implementation Professional

1Z0-1055-23 Exam Questions
  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Nov 04, 2026
  • Q & A: 143 Questions and Answers
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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionObjectives
Topic 1: Payments Processing- Payment processing and execution
  • 1. Payment runs and settlements
    • 2. Payment methods and formats
      Topic 2: Reporting and Period Close- Payables reporting
      • 1. Standard Payables reports
        - Period close activities
        • 1. Reconciliation and period close process
          Topic 3: Payables Setup and Configuration- Payables application configuration
          • 1. Ledger and accounting setup for Payables
            • 2. Payables options configuration
              Topic 4: Tax and Accounting Integration- Tax configuration and calculation
              • 1. Tax rules in Payables
                - Subledger accounting integration
                • 1. Accounting entries for invoices and payments
                  Topic 5: Invoice Processing- Invoice creation and validation
                  • 1. Invoice validation and approval workflow
                    • 2. Manual and automated invoice entry
                      Topic 6: Supplier Management- Supplier setup and maintenance
                      • 1. Supplier and supplier site configuration
                        • 2. Supplier validation rules

                          Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                          Question #1

                          You need to create a recurring expense for one of your regular expenses.
                          Which three are frequencies that you can choose for these types of expenses? (Choose three.)

                          • A. Bimonthly
                          • B. Annually
                          • C. Biweekly
                          • D. Monthly
                          • E. Weekly
                          Reveal Solution  Discussion  0

                          Correct Answer: A,D,E  🗳️

                          Question #2

                          Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

                          • A. The payment term of the invoice overrides the purchase order payment term.
                          • B. The user needs to manually change the payment term on the invoice to match the purchase order payment term.
                          • C. The purchase order payment term cannot be overridden.
                          • D. The user needs to specify which payment term to use.
                          • E. The payment term of the purchase order overrides the invoice payment term.
                          Reveal Solution  Discussion  0

                          Correct Answer: C  🗳️

                          Question #3

                          You want your expense auditors to audit only expenses reports for specific business units. How do you do this?

                          • A. Create your own audit extension rules that correspond to the business unit.
                          • B. Make auditors the managersof the corresponding business unit to route expense reports properly.
                          • C. Assign the auditors' specific data roles for the corresponding business units.
                          • D. Create a custom duty role and assign the data roles to each auditor.
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

                          Question #4

                          What does the Place of Supply rule value "Bill to Party" imply in an Oracle Payables Invoice?

                          • A. Location assigned to the Legal Entity for the transactions
                          • B. Location assigned to the Legal Entity Reporting Unit for the transactions
                          • C. Location assigned to the Business Unit for the transactions
                          • D. Location assigned to the Supplier Party Site for the transactions
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

                          Question #5

                          Which statement is true about selecting a bank account on the Create Payment page?

                          • A. LE on the bank account should be equal to LE on the invoice.
                          • B. There is no relationship between the business unit, bank, and LE. Users can pick any bank account that is setup in their system.
                          • C. LE on the bank account should be different from the LE on the invoice.
                          • D. Users can pick any bank account as long as the bank account is tried to the business unit.
                          • E. Bank account must match the supplier's bank account.
                          Reveal Solution  Discussion  0

                          Correct Answer: B  🗳️

                          Explanation: Only visible for RealExamFree members. You can sign-up / login (it's free).

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