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

  • Exam Code: 1Z0-1055-23
  • Exam Name: Oracle Financials Cloud: Payables 2023 Implementation Professional
  • Updated: Aug 01, 2026     Q & A: 143 Questions and Answers

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Oracle 1Z0-1055-23 Exam Syllabus Topics:

SectionWeightObjectives
Reporting, Integration, and Maintenance20%- Integration and Maintenance
  • 1. Perform period-end close and maintenance activities
    • 2. Integrate with other Oracle Cloud modules
      - Reporting and Analytics
      • 1. Run standard payables reports and create custom reports
        • 2. Use Business Intelligence and reporting tools
          Payments and Disbursements25%- Payment Processing
          • 1. Create, approve, and issue payments
            • 2. Manage payment batches and bank accounts
              - Reconciliation and Accounting
              • 1. Reconcile payables to general ledger
                • 2. Account for payments, discounts, and foreign currency transactions
                  Invoice Processing and Management25%- Prepayments and Expense Invoices
                  • 1. Apply and account for prepayments
                    • 2. Process employee expense reports and invoices
                      - Invoice Entry and Validation
                      • 1. Validate invoices, resolve holds, and perform matching
                        • 2. Enter standard invoices, credit memos, and debit memos
                          Payables Configuration and Setup30%- Configure Payables System Options
                          • 1. Set up payment terms, payment methods, and payment formats
                            • 2. Define tax configurations and withholding tax rules
                              - Configure Enterprise Structures
                              • 1. Set up business units, legal entities, and ledgers
                                • 2. Define supplier master data and supplier sites

                                  Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

                                  1. Identify three statements that indicate the purpose of Functional Setup Manager.

                                  A) It automatically generates lists of setup tasks in the correct sequence with dependencies highlighted.
                                  B) It provides a central place to access and perform all of the setup steps across the applications.
                                  C) It automatically marks the completion status of tasks as Completed once they have been completed.
                                  D) It allows you to centrally manage the close processes across subledgers and ledgers.
                                  E) it allows you to assign setup tasks to individuals with due dates where users must manually update their completion status.


                                  2. You have three procurement business units, four requisition business units and five sold-to business units. For which will the supplier registration flows be deployed?

                                  A) twelve business units per supplier
                                  B) five sold-to business units
                                  C) one business unit per supplier
                                  D) three procurement business units
                                  E) four requisition business units


                                  3. You have created your first implementation project. You have assigned the Application Implementation Consultant role to your user. However, you are unable to create and add roles to users in Oracle Identity Management (OIM).
                                  This issue is caused because you did not assign the ________.

                                  A) Application Implementation Manager role to your user
                                  B) IT Security Manager role to your user
                                  C) Superuser role to your user
                                  D) Line Manager role to your user


                                  4. Which invoice types can be included in the Create Payment flow?

                                  A) Standard, Credit Memo, and Invoice Request
                                  B) Standard, Debit Memo and Customer Refund
                                  C) Standard, Credit Memo and Debit Memo
                                  D) Standard, Credit Memo and Customer Refund


                                  5. When working with reference data sets in Payables, what reference data sharing method can you use for Payables Payment Terms?

                                  A) Assignment to one set only with common values
                                  B) Assignment to multiple sets; no common values allowed
                                  C) Assignment to one set only; no common values allowed
                                  D) Assignment to multiple sets with common values allowed


                                  Solutions:

                                  Question # 1
                                  Answer: A,B,E
                                  Question # 2
                                  Answer: D
                                  Question # 3
                                  Answer: D
                                  Question # 4
                                  Answer: C
                                  Question # 5
                                  Answer: D

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