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

1Z0-1055-23 Exam Questions
  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Oct 09, 2026
  • Q & A: 143 Questions and Answers
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Oracle 1Z0-1055-23 exam demo

Oracle 1Z0-1055-23 Exam Syllabus Topics:

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

                          Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                          Question #1

                          Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?

                          • A. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value - not applicable.
                          • B. Modify your template to hard code the value "Domestic" for the pay group position.
                          • C. Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".
                          • D. Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired.
                          Reveal Solution  Discussion  0

                          Correct Answer: D  πŸ—³οΈ

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

                          Question #2

                          What data can you find in an Oracle Transactional Business Intelligence subject area attribute column?

                          • A. values that are organized into parent-child relationships
                          • B. data that provides a measure of something
                          • C. data that is metric and can be added up or aggregated
                          • D. information about a business object with values that are dates, Ids or text
                          Reveal Solution  Discussion  0

                          Correct Answer: C  πŸ—³οΈ

                          Question #3

                          You have created an approval rule as follows:
                          Rule 1: If the invoice amount > $1000, route it to User 1.
                          Rule 2: If the invoice amount < $1000, auto approve it.
                          Now, the user creates an invoice for $1000 and routes it for approval. What will happen?

                          • A. Invoice will be auto-approved.
                          • B. Invoice will not be processed.
                          • C. Invoice will be sent to User 1 for approval.
                          • D. The system will issue an error message after the approval has been initiated.
                          Reveal Solution  Discussion  0

                          Correct Answer: B  πŸ—³οΈ

                          Question #4

                          Your company policy requires that receipts be attached to expense report items before reimbursement can be made.
                          Which two statements are true about the association of a receipt to an expense report?

                          • A. An expense report may require original, imaged, or both types of receipts.
                          • B. Expenses do not create payment requests for expense reports that have missing or overdue receipts.
                          • C. Users can maintain scanned receipts in a central repository and provide a reference number in the expense report.
                          • D. Receipts are not required if the expense item falls within Per Diem Rates.
                          Reveal Solution  Discussion  0

                          Correct Answer: A,B  πŸ—³οΈ

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

                          Question #5

                          You entered an invoice of 12,000 and paid it for Office Suppliers. The payment was never received by the supplier, and you decide to return the entire order. What should you do?

                          • A. Issue a credit memo, which will debit the liability and credit the expense.
                          • B. Cancel the invoice, which debits the liability and credits the expense.
                          • C. Void the payment, which debits cash and credits the liability, and then issue a credit memo, which debits the liability and credits the expense.
                          • D. Void the payment, which debits cash and credits the liability, and then cancel the invoice, which debits the liability and credits the expense.
                          Reveal Solution  Discussion  0

                          Correct Answer: D  πŸ—³οΈ

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